Latest Analysis

NZDUSD recently found some positive traction around the 0.6900 level, rising to challenge the 50- and 100-period simple moving averages (SMAs) and the Ichimoku cloud.

Technical Analysis – USDCAD recoils beneath 200-SMA but upside still active  

USDCAD’s seven-week uptrend from the 6-year lows remains structurally intact with shaped higher lows and highs, in spite of the fresh pullback from the peak of 1.

GBPUSD is retreating after a significant positive correction from the four-and-a-half-month low of 1.3570.

Technical Analysis – GBPJPY proceeds higher after bullish doji

GBPJPY is pushing for another green day, justifying the bullish dragonfly doji candlestick formed on Tuesday following the bounce on the 4 ½-month low of 148.

Technical Analysis – USDCHF ranges between 23.6% and 76.4% Fibonacci levels

USDCHF is struggling to dip beneath the 100-day simple moving average (SMA) at 0.9155 following the recent evaporation of upside momentum.

Technical Analysis – EURJPY flirts with 130.00 mark; falling trend line holds

EURJPY has been trading higher over the last couple of days, keeping its footing around the 130.00 level and above the short-term simple moving averages (SMAs).

Tesla stock price has been trading within a descending triangle since January 25 and is currently meeting the downtrend line near the 20-day simple moving average (SMA) at 661.

Technical Analysis – AUDUSD uptick from near 8-month low may be short lived

AUDUSD is striving to extend above the curbing boundary of 0.7372-0.7422 after buyers re-emerged around a near 8-month low of 0.

EURUSD has been holding in a descending channel since June 16 and is currently attempting to climb above the short-term simple moving averages (SMAs) near the 1.

Technical Analysis – WTI oil futures power up to 70 but some caution remains

WTI oil futures (September delivery) bounced forcefully near the critical resistance-turned-support zone of 66.

Technical Analysis – GBPJPY powers up as negative risks endure     

GBPJPY has pushed over the 150.65 barrier and is making efforts to test the resistance band of 151.30-151.

Gold has been falling hard in recent sessions, slipping below the crucial levels such as the 38.2% Fibonacci retracement level of the down leg from 1,916 to 1,750 at 1,813 and the short-term SMAs as well as the key 1,800 barrier.

Technical Analysis – USDJPY extends bounce at 109 above SMAs

USDJPY has managed to find a foothold around the 109.00 handle, lifting the price back above the simple moving averages (SMAs) and the 110.

Technical Analysis – NZDUSD forms a bearish move near 8-month low

NZDUSD plummeted to a fresh eight-month low at 0.6880 on Tuesday, breaking below the sideways channel that had been holding since February 26.

Technical Analysis – EURCHF aims for a rebound as bearish trend jitters strengthen

EURCHF paused again around the bottom of the four-month-old descending channel following the slump below the long-term supportive trendline and the dip towards a five-month low of 1.

USDCAD has stabilized above the 1.2729 low after aggressively stretching to a five-and-a-half-month high of 1.

WTI oil futures (September delivery) experienced the worst one-day loss since September on Monday, falling more than 2.

Technical Analysis – GBPUSD dives beyond 200-MA and key troughs

GBPUSD has slipped underneath the 200-day simple moving average (SMA) at 1.3707 and the March and April troughs at 1.

Technical Analysis – EURJPY hits 4-month low; pivot area could be nearby

EURJPY raised the odds for a bearish trend reversal following the drop below the long-term ascending trendline and the Ichimoku cloud, with the 20- and 50-day simple moving averages (SMAs) further enhancing the bearish case after their recent intersection.

The US 500 stock index has continued to deteriorate from the region of its all-time highs of 4,392, slipping below the simple moving averages (SMAs), before finding some footing around the 4,232-4,241 support zone.

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