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Market Analysis (Page 46)

2022-09-01
USDJPY renews 24-year high with eyes on 141.60

USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998.

2022-08-31
EURUSD rebound needs validation ahead of Eurozone inflation

Having refreshed the multi-year low the previous week, EURUSD rose during the last two days.

2022-08-30
GBPUSD portrays falling wedge at multi-month low

GBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up.

2022-08-29
AUDUSD prepares for more downside below 0.6900

AUDUSD reversed before the 100-DMA hurdle on Friday. The bears, however, jostle with the five-week-old horizontal support area surrounding 0.6860-50 afterward.

2022-08-26
Gold teases bears as Fed Chair Powell braces for Jackson Hole

Gold fades the bounce off 61.8% Fibonacci retracement of July-August moves as traders await Fed Chair Jerome Powell’s appearance at the annual Jackson Hole Symposium.

2022-08-25
NZDUSD stays on the way to refreshing yearly low

NZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA.

2022-08-24
EURUSD has more downside room unless hitting 0.9700

EURUSD dropped to the lowest since late 2002 during the four-day downtrend.

2022-08-23
GBPUSD bears prepare for fresh yearly low, 1.1620 in focus

GBPUSD dropped consecutively during the last four days to approach the yearly low marked in July.

2022-08-22
NZDUSD rebound appears unconvincing below 0.6250

NZDUSD bounces off a five-week low as it extends the corrective pullback from a weekly falling channel’s support line.

2022-08-19
GBPUSD bears stay on the way to 1.1890

GBPUSD extended pullback from 100-SMA to refresh monthly low, before the recent corrective pullback near 1.1900.

2022-08-18
AUDUSD bears keep reins with eyes on 0.6800

AUDUSD broke a one-month-old bullish channel after witnessing a downbeat Aussie Wage Price Index.

2022-08-17
Gold bears jostle with key EMAs ahead of FOMC Minutes

Gold consolidates the previous four-week uptrend by retreating from the 61.8% Fibonacci retracement of the June-July move from Monday itself.