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Market Analysis (Page 18)

2024-01-23
USDJPY fades bounce off 100-SMA on BoJ status quo

USDJPY pair’s recovery needs to surpass Friday’s peak of around 148.80 to activate fresh buying.

2024-01-22
“Double Doji” lures big-time NZDUSD bulls as key week begins

NZDUSD pair’s recovery appears overdue and bulls should remain cautious.

2024-01-19
Gold price recovery lacks momentum within bearish channel

Gold price lacks clear directions after bouncing off the lowest level in five weeks.

2024-01-18
EURUSD rebound needs validation from 1.0940 to convince bulls

EURUSD extends recovery from a five-week low, as well as justifies the impending bull cross on the MACD indicator.

2024-01-17
GBPUSD bears approach key supports as UK, US data loom

GBPUSD remains pressured at the lowest level in eight days after breaking a five-week-long trend line support.

2024-01-16
USDCAD jumps to one-month high ahead of Canada inflation

USDCAD rises for the fourth consecutive day while poking the 200-SMA as the pair traders await Canadian inflation data.

2024-01-15
USDJPY floats above 200-SMA but rising wedge breakout lures bears

USDJPY stays on the defensive after a two-week uptrend, printing mild gains around 145.00.

2024-01-12
EURUSD bulls remain unconvinced despite recent rebound

EURUSD remains mildly bid within a 10-week-old bullish channel as market players seek more clues.

2024-01-11
Gold sellers need validation from $2,017 and US CPI

Gold price remains on the back foot for the second consecutive week, so far, as traders await the key US inflation data.

2024-01-10
AUDUSD lures bears amid softer Aussie inflation, 0.6670 eyed

AUDUSD struggles to defend the bounce from a two-month-old rising support line.

2024-01-09
USDJPY extends pullback from key EMA confluence below 144.00

USDJPY drops half a percent to 143.55 during the early hours of Tuesday’s Asian session.

2024-01-08
GBPUSD fades bounce off 200-SMA

GBPUSD prints mild losses around 1.2700 early Monday, after snapping a three-week uptrend in the last.