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Market Analysis

Can EUR/GBP Push Higher?

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...

Japanese Interest Rates Unchanged, What Next for USD/JPY?

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...

US Dollar Index (DXY) Tests Resistance Around 93.50

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...

Gold (XAU/USD) Sees a Recovery Towards 1,780 USD

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...

Will AUD/USD Continue to Slide?

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...

Is GBP/USD Set for Further Losses?

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....

What Will an Evergrande Restructure Mean For China’s Economy & Yuan?

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...

Ethereum (ETH) Bears Take Control, As They Target 2,500 USD

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....

USD/CAD Bulls Take a Break Around 1.2810

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...

Will EUR/USD Decline Continue?

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...

NZD/USD Bears Target the 100-Day Simple Moving Average

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...

Can USD/JPY Break Resistance at 110.00 and Push Higher?

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...

Sudden Rise in U.S Retail Sales sees Gold Take a Beating, What’s Next?

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...

Will EUR/GBP See Further Losses?

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...

AUD/JPY Hovers Around 80.10 Following Aussie Data Release

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...

Crude Oil Looks Set for Fresh Rally as it Climbs Above $70

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...

The S&P 500 Struggles Around a Three-Week Low

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...

Weak U.S CPI Data sees DXY Pared Back, Focus Now on Retail Sales Data

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...

Can GBP/USD Push Higher?

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...

Silver Rebounds with a Bear Cross, What’s Next?

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...

Polkadot (DOT) Could Rebound to an All-Time High of Around 50 USD

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...

Will the EUR/USD Continue to Fall?

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...

Gold (XAU/USD) Bulls Target 1,805 USD

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...

USD/JPY Fails to Break Resistance

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...

Crude Takes a Hit as China Releases Oil From its National Reserve

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...

USD/CNH Sitting in Tight Range as CPI and PPI Data Draws Near

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,...

Silver (XAG/USD) Sees Support Around 24.00 USD As the Bears Take a Break

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....

Can USD/CAD’s Recovery Continue?

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...

NASDAQ The Only Winner as Wall Street Feels The Pinch

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...

Will AUD/USD Climb Higher?

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...