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Market Analysis (Page 24)

2023-10-02
USDJPY renews one-year high near 150.00

USDJPY extends Friday’s rebound from the nine-week-old rising support line while printing the fresh high of the year 2023.

2023-09-29
EURUSD bounces off 10-month-old support but remains bearish

EURUSD pares weekly losses ahead of the key inflation data from the Eurozone and the US.

2023-09-28
Gold bears cheer death cross, trend line break to aim for mid-$1,800s

Gold licks its wounds at the lowest level in more than six months after falling the most since late July the previous day.

2023-09-27
AUDUSD drops toward yearly low despite upbeat Australia inflation

AUDUSD breaks a three-week-old rising support line despite upbeat Australian inflation data.

2023-09-26
GBPUSD jostles with multi-month-old support around 1.2200

GBPUSD stays depressed at the six-month low even as bears struggle with a horizontal area comprising multiple levels marked since early February.

2023-09-25
USDJPY bulls struggle within rising wedge, focus on 147.30

USDJPY stays defensive at an 11-month high as market players await this week’s key Japan inflation data.

2023-09-22
Gold price consolidates within symmetrical triangle above $1,900

Gold price bounces off a one-week-old rising support line within a symmetrical triangle comprising levels marked since late July.

2023-09-21
GBPUSD sellers keep their eyes on 1.2200 and BoE decision

GBPUSD extends losses, hitting a 5.5-month low, breaching the 200-day SMA, and testing the 61.8% Fibonacci retracement from March to July.

2023-09-20
EURUSD stays defensive near key support line on Fed day

EURUSD retreats from recent rebound as investors prepare for the US Federal Reserve's monetary policy update this Wednesday.

2023-09-19
USDCAD sellers need validation from 1.3430 and Canada inflation

USDCAD stays pressured at the lowest level in a month after breaking a six-week-old horizontal support.

2023-09-18
USDJPY edges higher within multi-month-old bullish channel

USDJPY defends a two-week uptrend within an ascending trend channel established since early March.

2023-09-15
AUDUSD bulls challenge five-week-old descending triangle

Strong China data and a clear upside break of the 10-day SMA allow AUDUSD buyers to prod the resistance line of a five-week-old descending triangle on early Friday.