Latest Analysis

Technical Analysis – USDJPY pauses near 145.00 mark; bias titled to the upside

 USDJPY is struggling to gain the strong positive momentum after its fast rebound from the 140.30 support level.

The US 500 stock index (cash) has been constantly losing ground in the short term, recording consecutive fresh multi-month lows.

Technical Analysis – Gold guards latest rebound; more obstacles ahead

Gold continued to face mild bullish pressures during Monday’s early European trading hours, despite remaining compressed within the tight range of 1,660–1,676.

Technical Analysis – EURUSD holds bullish bias in very short-term

EURUSD posted almost 4% of gains after the bounce off the 20-year low of 0.9530 in the preceding week, remaining within the long-term downward sloping channel.

Technical Analysis – GBPUSD extends recovery, but still in downtrend

GBPUSD climbed higher on Thursday but met resistance today at 1.1228, still below the short-term downtrend line drawn from the high of August 10 as well as below the longer-term downside line taken from the high of March 23.

Technical Analysis – GBPJPY rebounds swiftly from its sharp drop as bias turns bullish

GBPJPY has experienced some large moves in the short term, with the price losing around 10% before it recovers back above the 160.

USDCHF had a strong bearish day on Wednesday, losing more than 2%, sending the market down near the 20-day simple moving average (SMA).

Technical Analysis – USDCAD curbs exponential growth; support at 1.3600

USDCAD switched to consolidation after its exponential advance above a bullish channel topped at 1.3831. Of note, the area coincides with the 61.

Technical Analysis – ETHUSD consolidates after decline pauses

ETHUSD has been trending downwards since mid-August when the price failed to surpass the 2,030 mark. Even though Ethereum experienced an acceleration of its decline following the successful completion of the Merge two weeks ago, it has been trading sideways in the last few daily sessions.

Technical Analysis – Will silver erase its Wednesday rebound?

Silver jumped on Wednesday after triggering some buy orders near the 17.95 zone. However, the spike up was stopped by the 18.

Technical Analysis – CHFJPY stands in medium-term ascending channel after sharp sell-off

CHFJPY is gaining some ground after the sharp selling interest in the preceding sessions, while it is currently flirting with the 20-day simple moving average (SMA).

Technical Analysis – EURUSD rebounds but stays below downside line

EURUSD rebounded strongly yesterday after hitting support near the crossroads of the 0.9535 zone and the lower bound of the downward sloping channel that’s been containing the price action since January 28.

EURAUD is travelling above the near-term uptrend line that has been drawn since the more-than-five-year low of 1.

Technical Analysis – AUDUSD detects oversold conditions near fresh lows

AUDUSD was trimming Wednesday’s quick bounce from the 29-month low of 0.6362 during Thursday’s early European trading hours, but the completed doji candlestick pattern continued to feed hopes for an upside reversal.

Technical Analysis – WTI oil futures bounce off 8-month low, downtrend intact

WTI oil futures (November delivery) have been experiencing a prolonged decline since mid-June when the price failed to surpass the 121.

The JP 225 index is remaining well below the long-term ascending trend line, shifting the bias to the downside.

Technical Analysis – GBPAUD comes under renewed selling interest

GBPAUD came under selling interest again on Wednesday, after it hit resistance at the 1.6890 barrier, which provided support between August 30 and September 9.

Tesla’s stock has been exhibiting some weakness lately after its latest advance came to a halt at the 313.

EURGBP is back on the front foot on Wednesday following the sharp reversal from Monday’s two-year peak of 0.

Technical Analysis – Gold outlook worsens at new lows; 1,600 level comes in sight

Gold drifted southwards to unlock a new 29-month low at 1,614 earlier today after Tuesday’s recovery attempt ceased at 1,642.



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