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Technical Analysis (Page 50)

2022-06-15
Gold bears stay hopeful on rising wedge confirmation ahead of Fed

Gold holds onto Monday’s rising wedge confirmation, suggesting further downside despite bouncing off.

2022-06-14
EURUSD has more downside room amid pre-Fed USD strength

EURUSD dribbles around a monthly low after breaking the six-week-old horizontal support. That said, the downward sloping RSI (14) line.

2022-06-13
GBPUSD braces for fresh 2022 low with eyes on Fed, BOE

A clear downside break of the six-week-old horizontal support keeps GBPUSD bears hopeful of further south-run ahead of the US Federal Reserve (Fed) and the Bank of England (BOE) monetary policy meetings.

2022-06-10
Gold teases bears inside rising wedge ahead of US CPI

Gold prices remain sustainably below 200-SMA since late April, pressured inside a three-week-old rising wedge of late.

2022-06-09
EURUSD bulls run out of steam ahead of ECB

Although EURUSD battles a four-month-old resistance line, the lower high of prices contrasts with the higher high of the RSI (14).

2022-06-08
Monthly rising channel favors Brent oil buyers despite recent inaction

Brent oil prices grind higher around late March tops, staying above 10-DMA inside a monthly bullish channel formation.

2022-06-07
AUDUSD teases bears ahead of RBA’s rate hike

AUDUSD broke a three-week-old support line and the 50-day EMA as traders await the Reserve Bank of Australia’s (RBA) second rate hike of 2022.

2022-06-06
GBPUSD bears attack 1.2480 support confluence

GBPUSD not only snapped a two-week uptrend by the end of Friday but also jostles with short-term key support around 1.2480, comprising 100-SMA and a fortnight-long support line.

2022-06-03
Gold wavers around the last defense for bears ahead of US NFP

Gold prices seesaw around the monthly top after crossing a five-week-old resistance line, as well as a weekly hurdle.

2022-06-02
EURUSD teases bears ahead of US ADP Employment data

EURUSD fades three-week-old recovery as it remains below a downward sloping trend line from early February, around 1.0745 by the press time.

2022-06-01
AUDUSD bulls run out of steam after Aussie GDP

AUDUSD struggles to remain beyond a three-week-old support line, having reversed from a multi-day high the previous day.

2022-05-31
200-DMA tests USDCAD bears ahead of Canada GDP

USDCAD bears keep reins around a five-week low, attacking the 200-DMA ahead of the key Canada Q1 GDP.