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Market Analysis (Page 37)

2023-02-16
AUDUSD sellers need 200-DMA breakdown to keep control

AUDUSD bounces off 50-DMA, following a retreat from the 3.5-month-old previous support line.

2023-02-15
GBPUSD recovery remains unconvincing ahead of UK inflation

GBPUSD holds onto the recovery from an early February rebound from a three-month-old ascending support line, staying beyond the 100-day EMA to lure more bids.

2023-02-14
EURUSD rebound appears shallow ahead of important EU, US data

The EURUSD pair rebounds ahead of first readings of Eurozone Q4 GDP and US CPI for January loom.

2023-02-13
USDJPY lures buyers ahead of Japan GDP, US inflation

USDJPY traders are waiting for the official release of Japan's Q4 GDP and the US Consumer Price Index.

2023-02-10
GBPUSD reverses from 200-SMA ahead of UK GDP

GBPUSD pares the early-week recovery from 78.6% Fibonacci retracement of January 06-23 upside while taking a U-turn from the 200-SMA hurdle.

2023-02-09
EURUSD sellers need to conquer 1.0670 to retake control

EURUSD fades bounce off the 10-week-old ascending support line as the weekly resistance line and the 200-SMA challenge buyers.

2023-02-08
Gold sellers need confirmation from $1,860 to keep control

Gold bears remain unconvinced as they retreat from the key support, despite pulling back the metal from a multi-month high the last month.

2023-02-07
AUDUSD has limited downside room on RBA day

Having breached a one-month-old bullish channel the last Friday, AUDUSD portrays a recovery

2023-02-06
USDCAD bulls brace for re-entry ahead of crucial Canada events

Friday’s US jobs report finally offered the much-needed bounce to the USDCAD pair.

2023-02-02
EURUSD buyers need ECB’s support to keep controls

EURUSD bulls seem to run out of steam despite the nearly overbought RSI (14).

2023-02-01
Rising wedge confirmation lures Gold bears on Fed day

Gold price is bouncing off $1,900 although still keeping buyers pleased and getting on the bears' radar.

2023-01-31
AUDUSD stays pressured towards 0.6980-75 support confluence

AUDUSD stays pressured after a short pause making a pullback from the previous 9-month high.