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Market Analysis (Page 17)

2024-02-09
GBPUSD struggles with support-turned-resistance to pare weekly loss

GBPUSD snapped a two-day winning streak on Thursday while retreating from a previous support line stretched from November 22.

2024-02-08
Gold again retreats from 200-SMA but bears need validation from $2,020

Gold price fades bounce off a two-month-old rising support line, failing to cheer the US Dollar’s weakness.

2024-02-07
USDJPY portrays bullish consolidation, further downside expected

USDJPY buyers are hesitant to enter the market unless there's a daily close above the horizontal resistance level near 148.80-90.

2024-02-06
AUDUSD bears can ignore post-RBA rebound from 11-week low

AUDUSD prints the first daily gain in three while bouncing off the lowest level since mid-November.

2024-02-05
EURUSD slides beneath key support as Fed’s Powell defends hawks

EURUSD dropped to the lowest level in two months after Federal Reserve (Fed) Chairman firmly pushed back the March rate cut.

2024-02-02
Gold buyers attack key resistance line on NFP day

Gold price rose in the last four consecutive days. Moreover, Gold buyers are likely to keep the reins.

2024-02-01
GBPUSD keeps Fed-inflicted bearish consolidation in play ahead of BoE

GBPUSD remains pressured within a six-week-old descending triangle.

2024-01-30
EURUSD tests falling wedge ahead of Eurozone GDP

EURUSD stays pressured within a three-week-old falling wedge bullish chart formation.

2024-01-29
USDJPY lures bears as FOMC, NFP week begins

USDJPY makes rounds to 148.00 early Monday as the key week comprising the US employment report begins

2024-01-26
Gold bounces off key support line ahead of Fed Inflation

Gold price stays defensive near $2,022 as bulls await the key US data to extend the previous day’s rebound.

2024-01-25
EURUSD fades bounce off 11-week-old support on ECB day

EURUSD pair managed to rebound from an upward-sloping support line from early November.

2024-01-24
GBPUSD rebounds within bullish triangle as UK, US PMIs loom

GBPUSD floats above the 200-bar Exponential Moving Average (EMA) as traders brace for the monthly activity data.