Latest Analysis

Technical Analysis – Copper futures gain downside momentum below MAs

Copper futures are steadily plotting lower highs and lows beneath the simple moving averages (SMAs), whose bearish demeanours are underpinning the negative price action.

NZDUSD is reversing quickly to the upside after the sharp plummet towards a fresh two-and-a-half-month low of 0.

GBPUSD continues to freefall from the 1.4100 area and far below the 200-period simple moving average (SMA), as the after-effects of Wednesday’s hawkish FOMC meeting seem to be lingering.

Technical Analysis – USDCAD marks best week for 2021; rally slows near familiar resistance

USDCAD had its most constructive week since March 2020, rallying by 1.7% to a seven-week high of 1.2382. The bull run has snapped the one-month-old trading range and sent the price above its 20- and 50-day simple moving averages (SMAs), but a familiar heavy obstacle is currently threatening to put breaks on the rally.

Technical Analysis – GBPJPY tumbles with strong momentum below 153.00

GBPJPY plunged to a new one-month low of 152.89 today, falling below the 20- and 40-day simple moving averages (SMAs) in the short-term.

Technical Analysis – JP 225 index finds footing after yesterday’s strong pullback

The Japan 225 index (Cash) has improved marginally above the 50-period simple moving average (SMA) and is now tackling the converged Ichimoku lines around 29,168.

Technical Analysis – US 30 index retreats below SMAs in short-term

The US 30 (Cash) index posted a negative correction movement after it topped at 34,881 in the beginning of the month.

EURJPY is residing in the vicinity of the 132.00 handle with sellers flirting with the minor uptrend line, pulled from the 125.

Technical Analysis – EURUSD in broken pieces after FOMC damage

EURUSD was one of the biggest victims of the hawkish FOMC policy announcement, with the price collapsing by more than 1.

USDCHF is extending yesterday’s gains, which catapulted the price up from around 0.8990, after having recoiled a tad off 0.

Technical Analysis – WTI futures pull back from 32-month peak

WTI futures were in a high-flying condition in the previous days, recording a fresh 32-month peak of 72.81.

Technical Analysis – AUDUSD fails to escape range trajectory despite plunge

AUDUSD tumbled in the wake of the hawkish FOMC policy announcement late on Wednesday, but the bearish wave was not strong enough to violate the 0.

Technical Analysis – GBPJPY consolidates around 155 handle

GBPJPY is currently lacking directional momentum, resting on the 50- and 100-period simple moving averages (SMAs), which are endorsing a more sideways price trajectory.

EURGBP has been trading in a short-term descending triangle over the last two months with the top border at the 0.

Gold has located its footing in the support zone of 1,844-1,852 after steadily fading from the 1,900 vicinity, breaking a tentative uptrend line - pulled from the 1,678 trough - and piercing below the 200-period simple moving average (SMA).

Technical Analysis – NZDUSD remains neutral above 0.71

NZDUSD has been in a sideways move over the last two months with upper boundary the 0.7313 resistance and lower boundary the 0.

Technical Analysis – USDJPY aims to grow bullish after trendline bounce

USDJPY stepped on the 20-day simple moving average (SMA) and the ascending trendline and reversed a large part of the latest pullback from a two-month high of 110.

Technical Analysis – EURCHF’s upward attempt may be short-lived

EURCHF is challenging the 20-period simple moving average (SMA) once again, providing some positive signals.

WTI crude oil futures have moved back and forth above the 20-period simple moving average (SMA) and the 32-month peak of 71.

USDCAD is resting on the 200-period simple moving average (SMA) around 1.2125 following the deflection off the roof of a sideways market that has lasted for around a month.

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