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Market Analysis (Page 24)

2023-10-03
AUDUSD stays pressured around yearly low on RBA status quo

AUDUSD is trading near 0.6335, close to its yearly low following the Reserve Bank of Australia's decision to keep its cash rate unchanged, in line with expectations.

2023-10-02
USDJPY renews one-year high near 150.00

USDJPY extends Friday’s rebound from the nine-week-old rising support line while printing the fresh high of the year 2023.

2023-09-29
EURUSD bounces off 10-month-old support but remains bearish

EURUSD pares weekly losses ahead of the key inflation data from the Eurozone and the US.

2023-09-28
Gold bears cheer death cross, trend line break to aim for mid-$1,800s

Gold licks its wounds at the lowest level in more than six months after falling the most since late July the previous day.

2023-09-27
AUDUSD drops toward yearly low despite upbeat Australia inflation

AUDUSD breaks a three-week-old rising support line despite upbeat Australian inflation data.

2023-09-26
GBPUSD jostles with multi-month-old support around 1.2200

GBPUSD stays depressed at the six-month low even as bears struggle with a horizontal area comprising multiple levels marked since early February.

2023-09-25
USDJPY bulls struggle within rising wedge, focus on 147.30

USDJPY stays defensive at an 11-month high as market players await this week’s key Japan inflation data.

2023-09-22
Gold price consolidates within symmetrical triangle above $1,900

Gold price bounces off a one-week-old rising support line within a symmetrical triangle comprising levels marked since late July.

2023-09-21
GBPUSD sellers keep their eyes on 1.2200 and BoE decision

GBPUSD extends losses, hitting a 5.5-month low, breaching the 200-day SMA, and testing the 61.8% Fibonacci retracement from March to July.

2023-09-20
EURUSD stays defensive near key support line on Fed day

EURUSD retreats from recent rebound as investors prepare for the US Federal Reserve's monetary policy update this Wednesday.

2023-09-19
USDCAD sellers need validation from 1.3430 and Canada inflation

USDCAD stays pressured at the lowest level in a month after breaking a six-week-old horizontal support.

2023-09-18
USDJPY edges higher within multi-month-old bullish channel

USDJPY defends a two-week uptrend within an ascending trend channel established since early March.