Latest Analysis

Technical Analysis – EURUSD stays afloat above May’s lows; bias still bearish

EURUSD managed to stay afloat above the downtrend’s bottom line of 1.0348 for the third time despite its bearish weekly close.

The US 500 stock index (cash) has been trading sideways in the past week since its recent advance failed to cross above the 3,946 ceiling.

Technical Analysis – Gold raises a bullish flag, but how strong are the bulls?

Gold optimism started to shine again after the creation of a bullish hammer candlestick on Friday, which succeeded the sharp bounce on May’s bottom of $1,786/ounce.

Technical Analysis – GBPJPY bears take charge; eyes on 50-SMA

GBPJPY sharpened its downturn below the 20-day simple moving average (SMA) and a key support trendline on Friday, tumbling to a two-week low of 163.

Technical Analysis – USDCAD picks up momentum as July’s trading kicks off

USDCAD started July’s trading on a positive note on Friday after halting its latest bearish correction around June’s support zone of 1.

Technical Analysis – WTI oil futures falter but still supported

WTI oil futures (August delivery) turned red after failing to close above the 20-day simple moving average (SMA) and the 50% Fibonacci retracement of the $130.

Technical Analysis – ETHUSD bounces off 18-month low but downside risks linger

ETHUSD (Ethereum) has experienced a sharp sell-off since early June, generating a fresh 18-month low of 879.

Technical Analysis – AUDUSD on the verge of a downtrend resumption

AUDUSD has completely reversed its mid-June bullish move to trade at the bottom of its broad downtrend and marginally above the familiar support zone of 0.

Gold has been in a sustained downtrend after it failed to cross beyond the 1,857 region. Moreover, in the past few four-hour sessions, the price has dived beneath both 50- and 200-period simple moving averages (SMAs) and is currently battling with its lower Bollinger band, painting a gloomy short-term technical picture for bullion.

Technical Analysis – USDJPY aims for an uptrend resumption; caution detected

USDJPY managed to gain fresh buying traction around the resistance-turned-support area of 134.42 last week, with the price currently looking to extend its broad uptrend above the 20-year high of 136.

Technical Analysis – EURAUD remains below 200-day SMA and within ascending channel

EURAUD is trying to overcome the 50.0% Fibonacci retracement level of the down leg from 1.6220 to 1.4320 at 1.

EURGBP has been marching higher since its downtrend ceased at the 0.8510 region, generating a profound structure of higher highs and higher lows.

Technical Analysis – NZDUSD is back to multi-month lows; negative momentum prevails

NZDUSD is recording another day of losses after a failed attempt to break significantly above the 0.6395 resistance level and the short-term descending trend line.

Technical Analysis – Alibaba stock edges higher, eyeing its 200-SMA

Alibaba’s stock has been in a sustained downtrend for the past two years, generating a profound structure of lower highs and lower lows.

Technical Analysis – GBPUSD in wait-and-see mode within downtrend

GBPUSD has been tip toeing sideways over the past week within the range of 1.2150 – 1.2356, unable to extend its recovery off two-year lows.

AUDUSD is printing a new one-week high near 0.6964 but is failing to post a four-hour session above the 23.

Technical Analysis – EURJPY posts double top near 7-year high

EURJPY has posted a double top around the more-than-seven-year high of 144.25 over the last couple of weeks.

EURCHF has finally reversed to the upside last Friday after printing lower low at a new more-than-three-month trough of 1.

Technical Analysis – EURUSD tests key resistance trendline; bias neutral-to-bearish

EURUSD opened the week with a muted tone, consolidating its rebound off 5½-year lows marginally below the tough resistance trendline drawn from the 1.

Technical Analysis – Gold finds resistance around the 200-day SMA within upward sloping channel

Gold have developing slightly higher over the last five weeks, holding within an upwardly sloping channel.

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