Latest Analysis

Technical Analysis – Gold shackled in a neutral trajectory as driving forces fade

Gold has fairly flatlined around the Ichimoku clouds’ upper band, where the 50- and 100-period simple moving averages (SMAs) are also residing.

Technical Analysis – EURCHF downtrend continues, marking yet more lower highs

EURCHF has continued its downward trend, marking yet more lower highs and lower lows as negative forces linger.

Technical Analysis – NZDUSD preserves buying interest with technical support

NZDUSD has been quite unstable, oscillating between gains and losses within the 0.6700 – 0.6900 territory since the drop to a one-year low of 0.

Technical Analysis – USDJPY struggles within SMAs after bullish doji

USDJPY is hovering within the 20- and 40-day simple moving averages (SMAs) after the bounce off the 113.45 support level that posted on Friday, creating an impressive spike.

Technical Analysis - US 100 extends decline as negative momentum intensifies

The US 100 stock index (cash) has been trending downwards in the short term since its long-term upside trajectory peaked at the all-time high of 16,767 in late November.

WTI oil futures are struggling to some extent to boost the one-month uptrend, which began from the 66.12 level, even after ticking slightly above the 7-year high of 85.

Technical Analysis – USDCAD marks yet more lower highs as bearish forces linger

USDCAD has marked yet more lower highs and lower lows due to lingering negative forces. Moreover, the pair is also trading well below its 50- and 200-period simple moving average (SMA), and has recently completed a ‘death cross’ where the 50-period SMA has crossed below the 200-period SMA, increasing fears of a sustained bearish outlook.

Technical Analysis – GBPUSD turns south after reaching 200-day SMA

GBPUSD is reversing following the advance to the 1.3745 level, which represents a nearly three-month high.

Technical Analysis – EURJPY bounces off 2-week low but more upside is needed

EURJPY has quickly recovered Friday’s drop to a two-week low of 129.77, bouncing back above its simple moving averages (SMAs) and the 50% Fibonacci level of the October-November downfall.

Technical Analysis – AUDUSD’s bearing in question as gradual ascent struggles

AUDUSD turns somewhat neutral as the pair’s improvements have failed to take flight for around one-and-a-half-months now.

Technical Analysis – Gold sluggish below 1,830 but bullish pressures still alive

Gold has been trading at a sluggish pace below the tough 1,830 resistance zone for the past three weeks, but the latest upturn in the price could show more resilience according to the technical picture.

Technical Analysis – USDJPY finds foothold on 200-MA, but bearish risks linger

USDJPY buyers are trying to extend the bounce from the 113.47 level far beyond the recently conquered 200-period simple moving average (SMA) at 114.

Palladium futures (March delivery) have recovered some lost ground after their long-term decline ceased at the three-year low of 1,526 in mid-December.

Technical Analysis – US30 index meets support at 200-SMA; bearish forces persist

The US 30 index has retreated from its all-time high in early January amid strengthening negative momentum.

Technical Analysis – EURUSD hovers beyond long-term descending line; weak bullish bias

EURUSD is returning around the 1.1400 level and is flirting with the long-term descending trend line in the Ichimoku cloud.

Technical Analysis – GBPJPY drifts across 156 mark as bullish rally stalls

GBPJPY is consolidating between the 156.00 handle and the 157.84 level, which is the 161.8% Fibonacci extension of the down leg from 144.

Technical Analysis – USDCAD stops near 200-SMA: temporary pause or bullish setup?

USDCAD slumped towards the 200-day simple moving average (SMA) at 1.2495 after its bullish efforts to cross above the 50-day SMA and enter the 1.

Technical Analysis – GBPUSD climb remains intact amid lingering bullish forces

GBPUSD has staged a spectacular uptrend movement from late December amid strengthening positive momentum. Moreover, the pair’s successive higher highs together with the recent golden cross, where the 50-period simple moving average (SMA) has crossed above the 200-period SMA, reinforce the case for a sustained bullish outlook.

Technical Analysis – WTI futures upside risks intact despite minor pause  

WTI oil futures have managed to maintain their bullish bearing, which began at the start of December 2021 from 62.

Technical Analysis – USDCHF extends retreat after sharp sell-off

USDCHF has been marching higher in the medium-term, creating a profound structure of higher highs and higher lows.

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