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Market Analysis (Page 5)

2024-09-04
GBPUSD: Falling wedge teases buyers ahead of UK/US data

The GBPUSD currency pair is currently at its lowest point in over a week as traders wait for important data releases on Wednesday.

2024-09-03
USDJPY: Bears flex muscles within five-week-old triangle as key data loom

The USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern.

2024-09-02
GBPJPY: 200-SMA again challenges buyers amid sluggish start to the key week

GBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA).

2024-08-30
Gold: Buyers await triangle breakout, Fed inflation to refresh all-time high

Gold prices are currently stable within a triangle pattern that's been forming for a week.

2024-08-29
EURUSD: Rising wedge signals bullish exhaustion, focus on German inflation, US GDP

EURUSD pares its biggest daily loss in 11 weeks early Thursday, bouncing back from a key support level and the 50-EMA.

2024-08-28
USDJPY: Off 13-month-old support during short-term downtrend

USDJPY has bounced back from a key support level that’s been in place for 13 months but remains in a short-term downtrend.

2024-08-27
GBPJPY bulls need validation from 192.00 and Japan data

The GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday.

2024-08-26
GBPUSD hovers at 29-month high on UK Bank Holiday

GBPUSD licks its wounds at the highest level since March 2022 as the overbought RSI line jostles with an upside break of the ascending resistance line.

2024-08-23
Gold bounces off resistance-turned-support, Jackson Hole in the spotlight

Gold prices have ended a two-day drop as traders look ahead to the key Jackson Hole Symposium in Wyoming.

2024-08-22
EURUSD jostles with 13-month-old resistance, PMI, Fed’s Powell eyed

EURUSD traders are taking a break at its highest level since July 2023 as they await August PMI data for the Eurozone and the US.

2024-08-21
USDJPY sellers keep eyes on 144.00 and FOMC Minutes

The USDJPY pair is currently recovering from its lowest point in two weeks and breaking a three-day losing streak.

2024-08-20
GBPUSD buyers can ignore pullback from one-month high

GBPUSD snaps a three-day winning streak by easing from its highest level in a month as the US Dollar licks its wounds at the multi-month low.