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Market Analysis (Page 47)

2022-08-15
USDJPY rebound has limited upside room

USDJPY bounced off 131.25-50 horizontal support area despite multiple failures to cross the 50-DMA, not to forget the monthly resistance line.

2022-08-12
GBPUSD bulls step back from key resistance ahead of UK GDP

GBPUSD retreats from the 11-week-old descending trend line as the traders await the first readings of the Q2 2022 UK GDP.

2022-08-11
EURUSD needs to cross 1.0360 hurdle to convince buyers

US inflation allowed EURUSD to extend the three-day uptrend towards refreshing the monthly peak, by also piercing a downward sloping resistance line from late March.

2022-08-10
Gold buyers brace for $1,840 ahead of US CPI

Gold remains firmer around one-month high, staying successfully above the $1,787-88 confluence comprising the 50-DMA and a five-month-old descending trend line.

2022-08-09
USDCAD bears aim for 100-DMA inside 10-month-old rising channel

USDCAD extends the week-start pullback from a three-week high inside an upward sloping trend channel established since late October 2021.

2022-08-08
NZDUSD braces for fresh 2022 low with eyes on 0.6195 break

Although 20-DMA triggered the NZDUSD pair’s latest rebound, the first weekly loss in three joined RSI retreat to keep bears hopeful.

2022-08-05
EURUSD portrays bearish set-up ahead of US NFP

Be it an ascending triangle or a pullback from 200-SMA, EURUSD bears flex muscles as markets await the US Nonfarm Payrolls (NFP) for July.

2022-08-04
GBPUSD bulls losing strength ahead of BOE

GBPUSD extends early-week pullback from a 2.5-month-old resistance line around a lower line of the bullish channel connecting multiple levels marked since mid-July.

2022-08-03
200-SMA tests NZDUSD bears after New Zealand employment data

NZDUSD justifies downbeat Q2 New Zealand job numbers while refreshing weekly low, following downside break of a three-week-old bullish channel.

2022-08-02
USDJPY bears battle with key supports

USDJPY renews its six-week low while extending the downside break of a five-month-old ascending trend line, as well as the 50-DMA. However, the pair’s further declines appear less convincing.

2022-08-01
UDUSD bulls flex muscles with eyes on RBA

Be it a weekly ascending trend channel of the bull cross, AUDUSD flashes upside signals ahead of the key monetary policy meeting of the Reserve Bank of Australia (RBA).

2022-07-29
USDJPY breaks key support ahead of Fed’s preferred inflation gauge

USDJPY broke a five-week-old support line, as well as a horizontal area around 134.25 that comprises the levels marked since June 17.