Latest Analysis

Technical Analysis – WTI futures recover lost ground; buyers gain confidence

WTI oil futures are piloting higher past the 50-period simple moving average (SMA) and the Ichimoku cloud.

Technical Analysis – EURJPY improves from 9½-month low, but negative risks remain

EURJPY is struggling to progress past the falling red Tenkan-sen line at 128.44 after rebounding from around the 127.

EURCHF is currently trading below its 200-period simple moving average (SMA), which together with the pair's successive lower lows reflect an overall bearish outlook.

USDJPY experienced a vast sell-off after the price peaked at the 4½-year high of 115.51. Since then, the pair has been moving without a clear direction, but the recent cross above the 50-day simple moving average (SMA) suggests that bullish forces have gained the upper hand.

Technical Analysis – GBPUSD turns up from 13-month trough; remains in descending channel

GBPUSD has been trading within a downward sloping channel since June 1, while more recently, it hit a fresh 13-month low of 1.

Technical Analysis – US 500 index attempts to push higher

The US 500 stock index (Cash) is trying to recoup previously lost ground from the decline off the 4,720 level until the one-and-a-half month low of 4,494.

Technical Analysis – AUDUSD meets key support, but trendline breakout still required

AUDUSD is still in a clear downtrend in the four-hour chart despite the latest reflection near the November 2020 low of 0.

Technical Analysis – Gold consolidates as merged MAs curb advances

Gold is currently edging sideways not too far below the 1,800 mark after managing to find its feet around the 1,757-1,768 support base, following the latest plunge in the commodity from the 1,877 high.

Brent crude oil futures (February delivery) have been plummeting in the short term after their long-term rally peaked at the 7-year high of 85.

Technical Analysis – GBPAUD hits the upper Bollinger Band; bullish forces persist

GBPAUD powered back higher after its early November low amid strengthening positive momentum. The price is currently located above the 50- and 200-day simple moving average (SMA), reinforcing the bullish short-term sentiment.

Technical Analysis – EURUSD struggles to surpass 20-day SMA; looks bearish

After being rejected from the 1.1387 resistance level, EURUSD remains below the 20-day simple moving average (SMA) in the short-term.

Technical Analysis – GER 40 moves sideways after retreating from all-time high

GER 40 stock index (cash) has been charging upwards since February, recently posting a new record high at 16,296.

GBPUSD is continuing its descending trend, recording successive lower highs in the four-hour chart. Moreover, the price is trading below the 50- and 200-period simple moving average (SMA), reinforcing the bearish sentiment for the pair.

Technical Analysis – USDCAD eyes critical resistance border

USDCAD is extending a one-and-a-half-month ascent above the Ichimoku cloud and towards the resistance ceiling of 1.

CADJPY is returning higher, after the fall to a new two-month low of 87.80 and is approaching the 200-day simple moving average (SMA).

Technical Analysis – GBPJPY sets a foothold but bears still around

GBPJPY is capped by the descending line at 150.50, which has been hindering market actions since mid-May, questioning the oversold signals coming from the RSI and the Stochastics.

Technical Analysis – US 30 index bears dominate, keeping descent intact

The US 30 stock index’s (Cash) bearish outlook appears to be unwavering as the price continues to plot lower highs and lows.

Technical Analysis – NZDUSD consolidates around the 0.6800 mark, bearish tone remains

NZDUSD is edging sideways across the 0.6800 mark as clear directional impetus has softened after the pair stretched to a near 13-month low of 0.

Technical Analysis – EURJPY’s recent rebound is not enough; remains in descending channel

EURJPY is fluctuating within the one-month-old falling channel, testing resistance from the falling lines of the Ichimoku indicator and the 20-period simple moving average (SMA) near 128.

Technical Analysis – AUDUSD heads for key support base, bearish tone grows

AUDUSD has been declining for a month now and is tracing the lower Bollinger band, managing to log a near 13-month low of 0.

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