Latest Analysis

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.

Technical Analysis – AUDUSD hovers marginally above 0.7300; weak momentum

AUDUSD stuck near the 20- and 40-day simple moving averages (SMAs) and above the 0.7300 round number. The pullback from the 0.

Technical Analysis – Gold returns beneath 1,800 border

Gold’s negative forces are currently brawling with the support region between the mid-Bollinger band and the 1,790 barrier, being the 38.

Technical Analysis – NZDUSD edges across 38.2% Fibonacci around 0.71

NZDUSD is creeping sideways along the 0.7100 level, which happens to be surrounded by the 100- and 200-day simple moving averages (SMAs) at 0.

Technical Analysis – JP 225 index pins new multi-year high; bearish divergence detected

Japan’s 225 stock index (cash) surpassed February’s high to top at 30,804 on Tuesday – the highest since the 1990 bubble levels – before closing a bit lower.

GBPJPY has bounced off the 151.10 support level, posting a couple of sessions of gains after the significant selling interest from the 152.

The US 500 stock index (cash) ran down to meet familiar support lines on Tuesday, represented by the blue Kijun-sen line and the 50-day simple moving average (SMA), after an unsuccessful attempt to return above the 20-day SMA at 4,491.

Technical Analysis – USDJPY battles with 23.6% Fibo; loses ground in near-term

USDJPY has been in a battle with the 23.6% Fibonacci retracement level of the up leg from 102.60 to 111.65 at 109.

EURCHF has pulled back from its fresh high of 1.0904 and is about to test the 50-period simple moving average (SMA) at 1.

WTI crude oil futures rebounded off the 38.2% Fibonacci retracement level of the upward wave from 61.75 to 71.

Technical Analysis – EURJPY gains traction after push above 200-day SMA

EURJPY has found some positive footing at 129.61, which happens to be a level of confluence and the 50.0% Fibonacci retracement of the up leg from 125.

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