Latest Analysis

Technical Analysis – US 30 index bears dominate, keeping descent intact

The US 30 stock index’s (Cash) bearish outlook appears to be unwavering as the price continues to plot lower highs and lows.

Technical Analysis – NZDUSD consolidates around the 0.6800 mark, bearish tone remains

NZDUSD is edging sideways across the 0.6800 mark as clear directional impetus has softened after the pair stretched to a near 13-month low of 0.

Technical Analysis – EURJPY’s recent rebound is not enough; remains in descending channel

EURJPY is fluctuating within the one-month-old falling channel, testing resistance from the falling lines of the Ichimoku indicator and the 20-period simple moving average (SMA) near 128.

Technical Analysis – AUDUSD heads for key support base, bearish tone grows

AUDUSD has been declining for a month now and is tracing the lower Bollinger band, managing to log a near 13-month low of 0.

Technical Analysis - USDCHF meets support at 200-SMA; long-term bullish outlook

USDCHF pushed sharply below its November high to meet support at the 200-day simple moving average (SMA). However, the long-term outlook for the pair remains positive amid successive higher lows.

Technical Analysis – WTI oil futures aim for recovery after sharp sell-off

WTI oil futures (January 2022 delivery) faced the largest monthly decline since the start of the pandemic in November, with the price plunging well below its simple moving averages (SMAs) to meet support around a three-month low of 64.

Natural gas futures (January 2022 delivery) have been drifting downwards since achieving an all-time high of 6,445 in early October.

EURUSD is consolidating around 1.1300, keeping its footing below the strong 23.6% Fibonacci retracement level of the down leg from 1.

Technical Analysis – GBPJPY tests 20-period SMA; tries to turn bullish

GBPJPY rebounded off the 149.65 support level and tested the 20-period simple moving average (SMA) around the 151.

Technical Analysis – Gold battles with 200-period SMA below 1,800

Gold prices could not find enough buyers to overcome the 200-period simple moving average (SMA), with the spotlight remaining on the $1,800 mark.

Technical Analysis – USDJPY plunges to 113 mark but bullish structure intact

USDJPY has formed a foothold around the 113.00 handle after a selloff in the pair from a near five-year high, which was linked to concerns around the new omicron variant.

Technical Analysis – EURCHF continues to plummet as bearish forces consolidate

EURCHF has been trending downwards since March, falling to find significant support throughout this whole period.

AUDUSD is continuing its overall descending trend, recording successive lower lows and lower highs in the four-hour chart.

USDCAD pivoted northwards following the rebound off 1.2727, with the price recouping the pullback that emerged earlier in the day.

Technical Analysis – NZDUSD ripe for a bullish start to December

NZDUSD is setting the table for a bullish start to December after refusing to close below its August trough on Tuesday despite its flash drop to a new yearly low of 0.

Technical Analysis – WTI futures resume downward trajectory

WTI oil futures’ negative pressures resurfaced today, guiding the price of the black liquid down towards a three-month low of 66.

GBPAUD powered back higher after its early November low amid strengthening positive momentum. The price is currently trading above its 50- and 200-day simple moving average (SMA), endorsing its short-term outlook.

The US 500 stock index (cash) keeps trending upwards in the long term picture, creating a profound structure of higher highs and higher lows.

Technical Analysis – GBPUSD sellers take a breather but bearish bias rules

GBPUSD is consolidating around the 1.3300 mark, within the 1.3277-1.3362 support zone that has managed to mute negative forces for now.

Technical Analysis – EURJPY holds around a make-or-break point

EURJPY returned immediately above the key 127.92 base after sliding marginally below it on Monday to chart an 8-month low of 147.

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