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Technical Analysis: Gold portrays head-and-shoulders pattern on hourly chart

Despite the latest corrective pullback, gold keeps an eight-day-old bearish chart pattern, head-and-shoulders, intact unless it crosses the last Thursday’s peak surrounding $1,850. More immediat

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​Technical Analysis: GBPUSD pulls back from 100-SMA despite cautious optimism over Brexit

Weekend headlines suggesting one more week of Brexit talks offered a jump of over 100 pips to the GBPUSD at the start of Monday's trading. However, the upside momentum couldn't ignore fears of a no-de

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​Technical Analysis: AUDUSD probes yearly resistance line on vaccine hopes

With the hopes of the coronavirus (COVID-19) vaccine getting bolstered by the US FDA panel, coupled with the record high of Australia's key exports, namely iron ore, AUDUSD is near the highest in 30 m

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​Technical Analysis: EURUSD rebounds ahead of ECB, key covid vaccine announcement

EURUSD bounces off 50-SMA in a run-up to the key ECB monetary policy meeting on early Thursday. The pair also recovers ahead of the US FDA approval of Pfizer's covid vaccine, scheduled for late-Thursd

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Technical Analysis: USDCAD bears keep the reins ahead of BOC

Not only extended downtrend below the key HMAs, namely the 100 and 200-HMA, but descending channel formation also favord the USDCAD bears ahead of the Bank of Canada's monetary policy meeting on Wedne

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