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Market Analysis (Page 23)

2023-10-19
AUDUSD bears again approach 0.6285 key support

AUDUSD continues its decline from the weekly peak, heading towards the lower boundary of a three-week descending triangle near 0.6285

2023-10-18
GBPUSD stays pressured on UK inflation day

GBPUSD prints mild losses below 1.2200 during early Wednesday as market players await the UK inflation data.

2023-10-17
EURUSD stays in bear’s jaws ahead of US Retail Sales

EURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day.

2023-10-16
Brent Oil buyers need validation from $92.50

Brent oil buyers pause following their largest daily increase in six months, with overbought conditions reflected in the RSI (14) prompting a pullback.

2023-10-13
Gold eyes the first weekly gain in three, focus on $1,885

Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday.

2023-10-12
GBPUSD rebound appears elusive below 1.2510

GBPUSD seesaws at a three-week high ahead of the UK data dump, probing a six-day winning streak.

2023-10-11
EURUSD recovery fades below key resistance surrounding 1.0630

EURUSD bulls struggle at a weekly high while waiting for inflation clues from Germany and the US, as well as the Fed Minutes, on Wednesday.

2023-10-10
USDJPY retreats within two-month-old rising wedge

USDJPY began the trading week on a back foot within a two-month-old rising wedge bearish chart formation.

2023-10-09
USDCAD bears attack resistance-turned-support near 1.3650

USDCAD remains pressured for the third consecutive day after reversing from a 6.5-month high marked last week.

2023-10-06
EURUSD pares losses within five-week-old bearish channel

EURUSD stays defensive within a short-term bearish chart pattern after recovering from the Year-To-Date (YTD) low in the last two consecutive days.

2023-10-05
Gold price recovery remains elusive below $1,880

Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815.

2023-10-04
GBPUSD appears vulnerable to test multi-month-old support line

GBPUSD remains pressured at the lowest level in seven months as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September.