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Market Analysis (Page 30)

2023-06-22
GBPUSD stays on bull’s list despite pre-BoE retreat

GBPUSD dropped in the last three consecutive days and is on the way to posting the first weekly loss in four, despite the latest rebound.

2023-06-21
EURUSD bulls are still in the game despite retreat

EURUSD pares the biggest weekly gain since early January ever since it reversed from the monthly high on Friday.

2023-06-20
AUDUSD teases sellers on breaking short-term bullish channel

AUDUSD prods three-week uptrend after RBA Minutes and PBOC rate cut impresses bearish ahead of Fed Chair Powell’s Testimony.

2023-06-19
USDCHF stays bearish as SNB week begins

USDCHF eyes another visit to the yearly low, after a two-week downtrend, as it braces for the Swiss National Bank (SNB) Interest Rate Decision.

2023-06-16
USDJPY bulls want to believe in BoJ’s defense of easy money policy

Be it the triangle breakout or the Bank of Japan (BoJ) officials’ dovish signals ahead of the monetary policy announcements.

2023-06-15
EURUSD appears bullish on ECB Day

EURUSD defends recovery from 200-EMA, as well as stays above the 50-EMA hurdle, as markets prepare for the ECB.

2023-06-14
Gold hovers above $1,940 critical support on Fed day

Gold again bounces off the 100-DMA after five consecutive attempts to break an important moving average that has been pushing back bears since late May.

2023-06-13
GBPUSD bulls take a breather ahead of UK employment report

GBPUSD extends the week-start retreat from a one-month high, after posting a two-week upside, as it braces for the UK employment numbers on Tuesday.

2023-06-12
AUDUSD buyers flex muscles for further ruling, 0.6820 is crucial

AUDUSD marked the biggest weekly gain since early November 2022, not to forget mentioning the second in a row, backed by RBA’s hawkish surprise.

2023-06-09
Gold prints bearish triangle as the dull week approaches its end

the Gold buyers appear running out of steam as the metal stays within a three-week-old bearish triangle.

2023-06-08
USDJPY retreat appears doubtful beyond 137.30

USDJPY remains on the way to posting the second consecutive weekly loss after reversing from the yearly top in the last week.

2023-06-07
USDCAD portrays bearish consolidation on BoC Day

USDCAD remains unimpressive after breaking a seven-week-old horizontal support zone the previous day.