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​Technical Analysis: GBPUSD clears three-month-old resistance to pierce 1.2400

Having breached a downward sloping trend line from early-March, GBPUSD rises to three-week high above 1.2400. Considering the ability to cross key resistance line, now support, the buyers are currentl

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Technical Analysis: Gold probes short-term resistance line on a key day

With US President Donald Trump set to address a press conference on China, at 18:00 GMT on Friday, safe-havens gained bid on early Friday. Though, gold prices need to justify their strength by crossin

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Technical Analysis: EURUSD probes 200-day EMA ahead of key US data

Despite trading near the highest in eight weeks, EURUSD is yet to cross 200-day EMA on a daily closing basis. In addition to the key EMA, currently near 1.1020, US GDP, Durable Goods Orders and Weekly

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Technical Analysis: 200-day EMA limits AUDUSD pullback from March high

Despite stepping back from the 11-week top during early Wednesday, AUDUSD stays above 200-day EMA while trading around 0.6645. As a result, the bulls remain hopeful inside an ascending channel formati

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​Technical Analysis: USDCHF stays weak inside three-week-old falling channel

While observing the USDCHF pair's early-month pullback from 0.9783 coupled with the previous week's bounce off 0.9637, the quote seems to portray a short-term falling trend channel. As a result, selle

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