Market Analysis
September 23, 2021
EUR/GBP gained momentum above 0.8500. Bearish trend line broken near 0.8540. The Euro, British Pound pair has been climbing higher after testing support at 0.8510 on September 16th. Further gains...
September 23, 2021
The USD/JPY pair rose in early trading after the latest Bank of Japan (BOJ) decision. The pair rose from the overnight low of 109.12 to a high of 109.43. The Bank of Japan concluded its two-day...
September 23, 2021
Talking Points: DXY has been trading around a one-month high and has recently been shelved. Multiple resistances pose problems for the bulls, and bears should avoid entering above the 200-day Simple...
September 22, 2021
Talking Points: Today, gold rose for the fourth consecutive session. The demand for the US dollar is bolstered by higher US Treasury rates. The increased volatility of the FOMC, as well as enhanced...
September 22, 2021
AUD/USD began its recent decline from near 0.7480. A major bearish trend line is forming with resistance near 0.7270. The Aussie Dollar, US Dollar pair failed to break above 0.7500, before starting...
September 21, 2021
GBP/USD started a fresh decline after testing resistance near 1.3900. Broke below a bullish trend line at 1.3810. The British Pound, US Dollar pair climbed above 1.3900 before turning bearish....
September 21, 2021
The central government has already sent a team to help Evergrande restructure. But this will not be a simple task. Evergrande is not a simple corporate. The complexities include a bank located in...
September 21, 2021
Talking Points: The price of ETH falls by -12.2 %, although it recovers around half of the loss. Ichimoku conditions are still extremely bearish, restricting upside pressure while increasing losses....
September 20, 2021
Talking Points: After a brief monthly high in early trading in the Asian session, the USD/CAD is steadily rising. A three-week-old resistance line, as well as a horizontal zone from July, pose a...
September 20, 2021
EUR/USD started to decline from near 1.1900. Bearish trend line has formed resistance near 1.1800. The Euro, US Dollar pair failed to break resistance at 1.1900. EUR/USD reached a high of 1.1909 on...
September 17, 2021
Talking Points: NZD/USD is still under pressure at the two-week low seen yesterday. If the price does not rise above the 100-day SMA, the RSI will direct sellers towards the 200-day SMA. For a new...
September 17, 2021
USD/JPY dropped down to 109.10 before correcting higher. Bearish trend line has formed resistance near 110.00. The US Dollar, Japanese Yen pair began to slide from near 110.20 on September 14th. The...
September 17, 2021
The gold price weakened more than 2% on Thursday and reached the lowest level in a month after the U.S. dollar climbed following a better than expected rise in U.S. retail sales for August. The...
September 16, 2021
EUR/GBP found support near 0.8510. Bullish trend line broken at 0.8575. The Euro, British Pound pair was unable to break the 0.8600 resistance level. The EUR/GBP has since corrected lower down...
September 16, 2021
Talking Points: Following the previous day’s drop, the AUD/JPY continues to lose ground on Thursdays. The RBA bulletin, unemployment figures, and consumer confidence are all important factors...
September 15, 2021
Crude oil price resumed its climb after testing support near $67.40. Bearish trend line broken near $69.40. After testing support close to $67.40, the crude oil, US dollar price started a fresh...
September 15, 2021
Talking Points: The S&P 500 consolidated yesterday’s losses during a bearish session. US Consumer Price Index (CPI) falls by the most since January but year on year figures keeps the Fed taper...
September 15, 2021
The US dollar index (DXY) pared back earlier losses after the US published the relatively weak consumer price index (CPI) data. The index declined to $92.32, which was the lowest level since...
September 14, 2021
GBP/USD broke resistance at 1.3790 and continued to climb. Support tested near 1.3800. The British Pound, US Dollar pair started to climb after the recent low near 1.3726 on September 8th. GBP/USD...
September 14, 2021
Silver (XAG/USD) consolidated the bounce off a 12-day low while easing to $23.73 during a sluggish Asian session on Tuesday. It refreshed multi-day low the previous day but failed to provide a...
September 13, 2021
Talking Points: DOT’s cross-consensus messaging approaches its first release, likely to make the interaction between Parachains flexible and future-proof. PolkaBridge’s multi-chain...
September 13, 2021
EUR/USD’s downside correction started above 1.1900. Bullish trend line broken near 1.1840. The Euro, US Dollar pair was climbing steadily after breaking resistance at 1.1800. The pair moved higher...
September 10, 2021
Talking Points: XAU/USD continues yesterday’s recovery from a two-week low and refreshes intraday high. Biden-Xi talks, vaccine optimism vs covid woes and economic concerns following the European...
September 10, 2021
USD/JPY has tested resistance at 110.50 multiple times. A bullish trend line was broken near 109.75. The US Dollar, Japanese Yen pair has twice tested resistance near 110.50. Both attempts were...
September 10, 2021
Just hours after China revealed yet another high in producer price inflation, Beijing has taken the unprecedented step of releasing oil from its national crude reserve to alleviate raw material price...
September 9, 2021
Asia-Pacific trading looks set for another risk-off session on Thursday after Wall Street stocks sank and the safe-haven US Dollar rose during Wednesday’s New York session. Rising Covid-19 cases,...
September 9, 2021
Talking Points: XAG/USD takes a breather around a one-week low following a three-day downturn. XAG/USD shows signs of weakness as the vital Daily Moving Average (DMA) forms a bearish signal....
September 8, 2021
USD/CAD formed failed to break support near 1.2500 before climbing higher. A bearish trend line was broken with resistance near 1.2580. The US Dollar, Canadian Dollar pair had been declining from...
September 8, 2021
Stocks indexes on Wall Street closed mostly lower Tuesday, though solid gains by Apple, Facebook and other tech heavyweights helped nudged the Nasdaq to another all-time high. The S&P 500 slipped...
September 7, 2021
AUD/USD climbed rapidly after testing support near 0.7100. The pair is now consolidating above 0.7420. The Australian Dollar, US Dollar pair has been in a period of steady decline since May, until it...