Market Analysis
December 7, 2021
GBP/USD has struggled to recover above 1.3350. Bearish trend line has formed resistance near 1.3280. The British Pound, US Dollar pair tested resistance near 1.3350. GBP/USD struggled to gain...
December 7, 2021
Talking Points: After a drop to a new 13-month low, the NZD/USD pares its losses. Monthly declining resistance and sustained trading below the 15-week-old horizontal line keep bears hopeful. A...
December 7, 2021
Crude oil price is back up above $70 per barrel as the market reacts to Saudi Arabia’s decision to hike its official selling prices to customers in Asia and the US. Despite the recent plunge, the...
December 6, 2021
Talking Points: Within a bearish chart pattern, the AUD/USD consolidates recent losses. Bulls are being tested by the monthly resistance line and the 200-day simple moving average (SMA). The...
December 6, 2021
EUR/USD tested support near 1.1300. Bullish trend line has formed support near 1.1270. The Euro, US Dollar pair started to correct higher from near 1.1186. EUR/USD broke above the 1.1300 level, but...
December 6, 2021
The Bitcoin (BTC/USD) price made a hard landing during the weekend as concerns about its demand fell. The coin declined to a low of $42,000, which was the lowest level since October 1. This price was...
December 3, 2021
USD/JPY started a fresh decline below the 113.50 support level. It broke below a major bullish trend line with support near 114.20. The US Dollar, Japanese Yen pair started a fresh decline from...
December 3, 2021
The Canadian dollar strengthened slightly against the U.S Dollar on Thursday but held near its lowest level in over two months, as investors assessed the global economic impact of the Omicron...
December 2, 2021
The Turkish lira is not done sliding. The USD/TRY rose to an all-time high of 14.00 on Wednesday. Similarly, the GBP/TRY and EUR/TRY pairs jumped to all-time highs of 18.30 and 15.87, respectively....
December 2, 2021
Crude oil price started a downside correction below $75.00. Bearish trend line has formed resistance near $70.20. After testing resistance near $80.00, the Crude Oil, US Dollar price started a fresh...
December 1, 2021
Talking Points: AUD/USD extends its recovery from the yearly low and re-establishes the intraday high. The imminent upside is guarded by previous support from November 2020. The channel’s...
December 1, 2021
Silver price has been on a decline for two weeks. A week ago, it extended its losses by dropping below the crucial level of $24. In the new week, the US dollar and Chinese industrial data are the key...
December 1, 2021
USD/CHF tested resistance near 0.9375 before correcting lower. Support from the 100-MA (red) and 200-MA (blue) broken. The US Dollar, Swiss Franc pair started a fresh decline from above the 0.9350...
November 30, 2021
Price movements for Gold at the beginning of the week have been rather subtle. Notably, it ended the past week on a low amid the strengthening US dollar. In the new week, the focus will be on the...
November 30, 2021
GBP/USD is struggling to break above the 1.3350 resistance level. Bearish trend line has formed resistance near 1.3355. The British Pound, US Dollar pair started a major decline below 1.3500. GBP/USD...
November 30, 2021
Talking Points: On the weekly chart, XRP falls below important Ichimoku levels. The divergence of key oscillators could indicate near-term support. However, a 34 % decrease is still a possibility....
November 29, 2021
EUR/USD found support near 1.1186 and started to recover higher. Bearish trend line broken near 1.1200. The Euro, US Dollar pair tested support near 1.1180. EUR/USD started to recover, with the quote...
November 29, 2021
Talking Points: After the largest daily drop in a year, DXY is struggling to find a clear direction. Buyers are encouraged by bullish MACD indications and the 10-SMA, and previous resistance from...
November 29, 2021
Wall Street’s three main indexes ended sharply lower on Friday as news of a new COVID variant worried investors around the world. The World Health Organization (WHO) on Friday designated a new...
November 26, 2021
USD/JPY started a major increase above the 114.00 level. A rising channel has formed support near 114.50. The US Dollar, Japanese Yen pair started a bullish rally from the 112.80 support level....
November 26, 2021
Talking Points: The AUD/JPY pair rallies off its weekly low but fails to hold its ground. In October, Australia’s retail sales increase the greatest in 2021. Bears remain optimistic as the pair...
November 26, 2021
The USD/MXN pair has gained for the past seven straight days as investors reflect on the overall strong dollar. The pair is trading at 21.80, which is the highest it has been since November 4th last...
November 25, 2021
Talking Points: Following the RBNZ’s cleanout, NZD/USD bulls are going in to test the bears. The attention is on the 50 % mean reversion around 0.6920. The bird fell out of the sky, according...
November 25, 2021
EUR/GBP started to decline after testing resistance near 0.8600. Bullish trend line broken at 0.8530. The Euro, British Pound pair started to decline from near 0.8600. Multiple support levels were...
November 24, 2021
AUD/USD started to decline after testing resistance near 0.7550. Bearish trend line has formed resistance near 0.7275. The Aussie Dollar, US Dollar pair started a major decline from above the...
November 24, 2021
Talking Points: After a two-day comeback from the monthly low, WTI loses its upward momentum. Japan is watching for the United States and China to unleash their oil reserves, but the markets are...
November 24, 2021
The US dollar index (DXY) bullish trend accelerated ahead of the latest US GDP and inflation numbers. It is trading at $96.55, which was the highest level since July 2020. The DXY has jumped by more...
November 23, 2021
GBP/USD tested support near 1.3350 before correcting higher. Bearish trend line broken with resistance near 1.3440. The British Pound, US Dollar pair turned bearish after testing resistance near...
November 23, 2021
Talking Points: Bears take control of the USD/CAD as the USD loses ground. Following new highs, the USD has moved into a sideways consolidation. In early Asian trading, the USD/CAD is trading flat...
November 23, 2021
The USD/CHF price has been in a major bullish trend in the past few weeks as investors price in more divergence between the Federal Reserve and the Swiss National Bank (SNB). The pair is trading at...