Latest Analysis

Technical Analysis – Gold faces August’s resistance; still supported

Gold sustained a muted tone during Monday’s early European trading hours, consolidating its latest spike around the August resistance territory and the 1,800 level despite inching to a new high of 1,809.

Technical Analysis – US 500 index stands above the 200-day SMA but for how long?

The US 500 index is losing some momentum after an aggressive buying interest above the 200-day simple moving average (SMA) and the 4,000 round number in the preceding week.

Technical Analysis - EURCHF edges higher but bias unclear

EURCHF has been gradually edging higher in the past few sessions as it attempts to find a clear direction ahead of an action-packed period.

Technical Analysis – EURUSD shows positive signs above 1.0500

EURUSD advanced above the 1.0500 in the previous couple of sessions, suggesting that the market is in a bullish mode in the short-term timeframe.

Technical Analysis – USDCAD steps on 20-SMA; bears still present

USDCAD had a lukewarm start to December, barely gaining bullish traction despite taking support from the 20-day simple moving average (SMA) at 1.

USDCHF is testing the previous bottom after two straight negative days with the technical oscillators suggesting a sideways move.

Technical Analysis – GBPJPY crosses below 50-day SMA as bearish bias strengthens

GBPJPY has experienced a steep uptrend since late September, with the price gaining almost 15% and posting a fresh 6½-year high of 172.

Technical Analysis – LTCUSD completes golden cross but advance pauses

LTCUSD (Litecoin) experienced a massive decline in 2022, plummeting to a 25-month low of 40.30 in June. Even though the cryptocurrency managed to regain some ground after trading sideways for around five months, its rebound appears to have temporarily paused.

Technical Analysis – Silver bulls roar back; meet key resistance

Silver staged an exciting rally to re-enter the 22.00 region on the back of Powell’s dovish tone on Wednesday.

Technical Analysis – US 30 index unlocks new more-than-7-month high

The US 30 cash index posted a notable bullish day yesterday, jumping above a key level of 34,280, adding to the optimism for further positive movements.

EURUSD has reversed back down again after three consecutive green 4-hour sessions. The price failed to reach the 1.

Technical Analysis – AUDUSD targets 200-SMA after solid November

AUDUSD jumped into the 0.6800 territory early on Thursday after a remarkable session in November, which added 6% to the pair’s value—the largest gain since April 2020.

Technical Analysis – WTI oil futures bounce off 11-month low

WTI oil futures (January delivery) have been stuck in a downtrend since mid-June when the price failed to surpass the 121.

Technical Analysis – EURCAD builds uptrend; overbought signals strengthen

EURCAD has rallied by almost 10% since the plunge to a nine-and-a-half year low of 1.2874 in August, retracing more than half of its 2022 downtrend.

Technical Analysis – USDJPY lacks bullish motives near November’s low

USDJPY shifted to the sidelines following last week’s aggressive downfall from the 142.00 area, consolidating its losses between 139.

Technical Analysis – NZDUSD consolidates after the 200-day SMA rejects advance

NZDUSD has been trending lower since March, generating a profound structure of lower highs and lower lows.

Technical Analysis – Netflix stock rangebound after completing golden cross

Netflix’s stock has been experiencing a very tough year, losing more than 60% of its value and generating a five-year low of 162.

Copper futures (March delivery) rotated northwards after marking a new monthly low at 3.545, but downside risks linger in the background as China’s zero-covid policies weigh on industrial metals’ outlook.

AUDUSD has been recording a stunning rally over the last three 4-hour sessions, surpassing the short-term simple moving averages (SMAs).

Technical Analysis – GBPUSD needs break above 200-SMA

GBPUSD finished Monday’s session on the negative side, unable to climb above the 200-day simple moving average (SMA) at 1.

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