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Market Analysis (Page 49)

2022-07-11
USDJPY refreshes 24-year high but bulls have a bumpy road ahead

USDJPY begins the week on a positive note by rising for six consecutive days to refresh the multi-year high.

2022-07-08
Gold retains bearish bias ahead of US NFP

Gold remains inside a four-month-old descending trend channel despite a recent corrective bounce off the yearly low, mainly due to the oversold RSI.

2022-07-07
GBPUSD bears have a bumpy road to the south at multi-month low

GBPUSD has to bear it all as it dropped to the lowest level since March 2020.

2022-07-06
EURUSD widened doors for bears ahead of FOMC Minutes

EURUSD dropped to the lowest levels since late 2020 on breaking the two-month-old horizontal support area near 1.0360-50, before the latest dribbling around 20-year low.

2022-07-05
AUDUSD rebound appears overdue on RBA rate hike day

AUDUSD holds onto its bounce off a downward sloping support line from late January.

2022-07-04
USDCHF rebounds from key support ahead of Swiss inflation

USDCHF snapped a two-week downtrend while bouncing off 100-DMA and a horizontal area from April 20.

2022-07-01
Crude oil eyes to revisit sub-$100 area as recession fears escalate

Failures cross the key SMAs join descending RSI line, not oversold, to keep crude oil sellers hopeful amid economic slowdown chatters.

2022-06-29
EURUSD opened the door for sellers ahead of ECB Forum

EURUSD bears are hopeful as traders await major central bankers’ debate at the ECB Forum.

2022-06-28
USDJPY is ready to refresh multi-year high

USDJPY sustains upside break of a weekly resistance line, now support around 134.85, as bulls brace for the fresh multi-year high.

2022-06-27
Gold sellers brace for big data, central bankers above $1,800

Gold remains inside a two-week-old symmetrical triangle but the bulls seem running out of steam of late.

2022-06-24
EURUSD stays on the way to sub-1.0300 region

EURUSD again bounces off the monthly low as sellers flirt with a horizontal area surrounding multiple levels marked since April.

2022-06-23
GBPUSD stays ready to refresh yearly low ahead of UK/US PMIs

GBPUSD fades bounce off yearly low as the cable traders await the UK and the US preliminary PMIs for June.