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Technical Analysis (Page 6)

2024-01-29
USDJPY lures bears as FOMC, NFP week begins

USDJPY makes rounds to 148.00 early Monday as the key week comprising the US employment report begins

2024-01-26
Gold bounces off key support line ahead of Fed Inflation

Gold price stays defensive near $2,022 as bulls await the key US data to extend the previous day’s rebound.

2024-01-25
EURUSD fades bounce off 11-week-old support on ECB day

EURUSD pair managed to rebound from an upward-sloping support line from early November.

2024-01-24
GBPUSD rebounds within bullish triangle as UK, US PMIs loom

GBPUSD floats above the 200-bar Exponential Moving Average (EMA) as traders brace for the monthly activity data.

2024-01-23
USDJPY fades bounce off 100-SMA on BoJ status quo

USDJPY pair’s recovery needs to surpass Friday’s peak of around 148.80 to activate fresh buying.

2024-01-22
“Double Doji” lures big-time NZDUSD bulls as key week begins

NZDUSD pair’s recovery appears overdue and bulls should remain cautious.

2024-01-19
Gold price recovery lacks momentum within bearish channel

Gold price lacks clear directions after bouncing off the lowest level in five weeks.

2024-01-18
EURUSD rebound needs validation from 1.0940 to convince bulls

EURUSD extends recovery from a five-week low, as well as justifies the impending bull cross on the MACD indicator.

2024-01-17
GBPUSD bears approach key supports as UK, US data loom

GBPUSD remains pressured at the lowest level in eight days after breaking a five-week-long trend line support.

2024-01-16
USDCAD jumps to one-month high ahead of Canada inflation

USDCAD rises for the fourth consecutive day while poking the 200-SMA as the pair traders await Canadian inflation data.

2024-01-15
USDJPY floats above 200-SMA but rising wedge breakout lures bears

USDJPY stays on the defensive after a two-week uptrend, printing mild gains around 145.00.

2024-01-12
EURUSD bulls remain unconvinced despite recent rebound

EURUSD remains mildly bid within a 10-week-old bullish channel as market players seek more clues.