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Market Analysis (Page 19)

2024-01-05
Gold eyes first weekly loss in four but bulls stay hopeful beyond $2,010

Gold price stays defensive while keeping the previous day’s recovery.

2024-01-04
USDJPY defends falling wedge breakout above 143.00, eyes further upside

USDJPY remains dicey around 143.30 as traders await the key US employment clues early Thursday.

2024-01-03
EURUSD licks its wounds at fortnight-low ahead of Fed Minutes

EURUSD dropped the most in three weeks on Tuesday after a downside break of an ascending trend line from mid-November.

2024-01-02
GBPUSD retreat appears elusive beyond 1.2650

GBPUSD extends the late 2023 pullback from a five-month-old horizontal resistance area towards 1.2700.

2023-12-29
USDJPY stays pressured towards 141.00 on last trading day of 2023

USDJPY fades the previous day’s corrective bounce off a five-month low amid sluggish markets on the final trading day of 2023

2023-12-28
EURUSD justifies four-month-old resistance break at multi-day top

EURUSD remains firmer at the highest level since late July while justifying the previous day’s upside break.

2023-12-27
Gold price fades upside momentum within bullish channel

Gold price snaps a three-day winning streak within a fortnight-old rising trend channel.

2023-12-26
GBPUSD retreats within bullish pennant amid holiday-thinned trading

GBPUSD struggles to defend the previous weekly gains as bulls lack incentive amid Christmas holidays in the UK.

2023-12-22
Gold buyers attack $2,055 resistance with eyes on Fed inflation

Gold price braces for the second consecutive weekly gain despite sluggish trading.

2023-12-21
EURUSD gyrates within bullish pennant

EURUSD seesaws within a week-long bullish pennant formation, bracing for the second weekly gain.

2023-12-20
GBPUSD bulls struggle to keep reins as UK inflation loom

GBPUSD retreats toward 1.2700 ahead of the UK inflation release on Wednesday.

2023-12-19
USDJPY bulls prod 200-EMA resistance after BoJ status quo

USDJPY prints a three-day uptrend while extending the previous week’s recovery from the lowest level since late July.