Latest Analysis

Technical Analysis – US 500 index returns to gains; more bullish outlook is expected

The US 500 (Cash) index has strongly rebounded off the 4,270 barrier and the momentum indicators now suggest that the market sentiment is back to bullish as the MACD is entering the positive region, holding above its trigger line.

USDCAD is extending its losses and is currently trading below the falling trend line and the short-term simple moving averages (SMAs), completing a three-month low of 1.

Technical Analysis – GBPUSD nears 1.38 mark; bullish bearing intact

GBPUSD is pushing up against the upper Bollinger band, which is converging with the 100-day simple moving average (SMA) at 1.

Technical Analysis – EURJPY nonstop rally hits 4-month high; rally overstretched

EURJPY bulls are leading for the eighth consecutive trading day, stretching their spectacular rally to a four-month high of 133.

WTI crude oil futures are edging higher, finding support at the 20-period simple moving average (SMA) in the previous session, with the next target coming from the seven-year high of 83.

Technical Analysis – AUDUSD improves off 23.6% Fibonacci level

AUDUSD’s bullish demeanour seems to be intact as the price has managed to rebound from the recent pullback around the 0.

Technical Analysis – EURUSD bearish course endures as upside forces fade

EURUSD’s recent positive impetus off a 14-month low of 1.1523 is faltering in the vicinity of the 1.1600 handle.

Technical Analysis – Gold erases gains but neutral structure has still a bullish tilt

Gold saw its bullish fortunes evaporating near the 200-day simple moving average (SMA) and the 1,800 level last week, with the price erasing its latest exciting rebound to meet the 20-day SMA at 1,759.

USDJPY is hovering slightly below the three-year high of 114.45 over the last 4-hour sessions. The 20- and 40-period simple moving averages (SMAs) are following the sharp bullish movement; however, the RSI is ticking lower in the 70 level.

The US 30 stock index’s (Cash) two day aggressive rally from 34,111 is heading for the 35,113-35,200 resistance border, after piloting above all the simple moving averages (SMAs).

GBPUSD is retesting yesterday’s resistance barricade of 1.3716-1.3733 that halted additional gains from materialising.

Technical Analysis – USDCAD on a slippery slope; 1.23 next in focus

USDCAD bears show no sign of abating as the sell-off continues for the fourth week, with the price crossing aggressively through the 1.

Technical Analysis – GBPJPY rallies towards new 44-month high; next stop at 160.00

GBPJPY posted six straight green days and today is continuing the bullish rally towards a fresh 44-month high around 156.

Gold is currently challenging the 1,800 handle after acquiring aggressive positive impetus on the back of a weaker greenback and a fall in longer-term bond yields.

EURJPY is surging again today, having peaked at a three-month high of 131.72 earlier in the session. The rebound from 128.

EURUSD is testing the 100-period simple moving average (SMA) at 1.1620, which coincidentally is blending with the Ichimoku cloud’s upper band, after the pair produced some positive impetus off the near 15-month low of 1.

Technical Analysis – AUDUSD paves way for further progress; bullish bias fragile

AUDUSD is targeting the 0.7400 level again after successfully piercing the descending trendline drawn from May’s peak of 0.

Technical Analysis – WTI futures pause aggressive buying pressure, hover around 81.00

WTI crude oil futures are continuing the upside structure, standing around the seven-year high of 82.16. The price has been in a strong bullish pattern since November 2020, trading well above the rising trend line and the simple moving averages (SMAs).

GBPJPY has managed to keep its positive bearing intact despite recent attempts from sellers to take control of the pair.

USDCAD’s two-week decline from 1.2774 is currently testing the support base of 1.2422-1.2433 that has withstood downside pressures from early July.



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