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Market Analysis (Page 34)

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.

2023-09-14
EURUSD pares US inflation-induced losses ahead of ECB

EURUSD braces for the first weekly gain in nine as markets await the key European Central Bank (ECB) Interest Rate announcement.

2023-09-13
Gold bears prepare for another stunt as US inflation looms

Gold Price again prods the 200-day Exponential Moving Average (EMA) support within a 2.5-month-old falling wedge bullish chart formation.

2023-09-12
GBPUSD recovery hopes to stay valid beyond 1.2430

GBPUSD consolidates losses made in the last three consecutive weeks ahead of the UK’s employment report.

2023-09-11
Rising wedge lures USDJPY sellers amid hawkish BoJ concerns

USDJPY begins the week on a negative note while extending a downside gap during the early hours of Monday.

2023-09-08
Gold has limited downside room unless it breaks $1,900

Gold prices may see their first weekly loss in three weeks as they defend a recent U-turn from a key resistance line below important EMAs.

2023-09-07
EURUSD remains on the back foot within six-week-long bearish channel

EURUSD braces for the eighth consecutive weekly loss despite the latest hesitance of the bears surrounding the bottom line of the 1.5-month-old descending trend channel.

2023-09-06
USDCAD bulls jostle with 1.3640-50 crucial resistance on BoC Day

USDCAD bulls struggle to keep the reins at a five-month high as markets await the all-important Bank of Canada (BoC) Interest Rate Decision.