Latest Analysis

Technical Analysis – AUDUSD resilient above 0.7230, but still under bearish risk

AUDUSD was unsuccessful in piercing the 0.7300 level late on Wednesday but resilient enough to hold above the familiar base of 0.

Technical Analysis – WTI futures holds a bullish bias but strong resistance awaits near 73.00

WTI futures are climbing above the Ichimoku cloud and the bullish crossover within the 20- and 40-day simple moving averages (SMAs), challenging again the previous days’ high of 72.

USDCHF has been trying to break the 0.9330 resistance level in the last few days, but the failed attempt has taken the pair down to the red Tenkan-sen line around 0.

EURCHF’s attempts to recoup lost ground after plummeting towards the 200-period simple moving average (SMA) appear to be lacking decisive upward drive.

Technical Analysis – USDJPY indecisive between key boundaries

USDJPY used the support around 109.10 once again to stand on its feet on Wednesday after two days of declines.

Technical Analysis – NZDUSD remains below descending trend line

NZDUSD is rising somewhat after it found strong resistance at the long-term descending trend line around the 0.

USDCAD posted four straight negative days, following the pullback off the 1.2895 resistance level. The stochastic oscillator dived in the oversold zone; however, the RSI is flattening in the positive region after the drop from the 70 level.

Technical Analysis – GBPUSD slips to one-month low; bias bearish

GBPUSD retraced to an almost one-month low of 1.3640 on Monday after a multi-day battle with the 200-day simple moving average (SMA) and the 1.

WTI oil futures are pushing past the 71.00 handle after bouncing off the 100-period simple moving average (SMA) at 69.

Technical Analysis – EURJPY shows some positive signs after 5-day decline

EURJPY is returning slightly up today, after the aggressive sell-off from the 130.70 resistance level. The buying pressure could find strong resistance around the 23.

Technical Analysis – USDJPY loses additional ground in trading range

USDJPY has dropped beneath the converging simple moving averages (SMAs) but the picture remains neutral. The sideways trajectory of all the SMAs is not conveying any clear directional preference in the pair.

Technical Analysis – US 500 index retreats below 50-day SMA and uptrend line

The US 500 (cash) index declined below the significant 50-day simple moving average (SMA) and the long-term ascending trend line that had been holding since October 2020.

AUDUSD seems to have found some footing in the vicinity of the August 27 lows of 0.7234 and 0.7222 respectively, after its drop from the 200-period simple moving average (SMA).

Technical Analysis – Gold eases again; SMAs point down

Gold is still heading south, continuing the negative structure after the pullback from the 1,800 significant level.

Technical Analysis – EURUSD slides to 1.1700 as bears keep control

EURUSD started the week in negative mode, stretching its two-week old bearish run closer to the 1.1700 base, which proved to be a solid ground for upside reversals in March and more recently in August, though to a lesser extent.

Technical Analysis – GBPJPY flickers green in a directionless market

GBPJPY is mostly edging sideways and has recently found some footing off the 150.96 level, this being the 23.

AUDJPY returned above the 80.00 level on Friday after setting a strong foothold near a fresh three-week low of 79.

Technical Analysis – USDCAD fails to gain optimism for bullish bias in short-term

USDCAD has been trading back and forth the 20-day simple moving average (SMA) over the last month, failing to improve the bullish view in the short-term.

EURJPY could not find enough buyers to overcome the 129.34 level, with the spotlight shifting again towards the 128.

Technical Analysis - WTI futures’ positive impetus under pressure

WTI oil futures fresh upside drive off the 67.68 level seems to have run out of fuel near the upper Bollinger band at 73.

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