Mildly bid above 166.00, 13-day-old hurdle eyed

GBP/JPY picks up bids to portray a three-day uptrend. Sustained break of weekly resistance line directs buyers towards a fortnight-old hurdle. Convergence of the key SMAs, resistance-turned-support and an immediate upward sloping trend line highlight 165.40 as the key support. GBP/JPY refreshes intraday high near 166.40 during the third positive daily performance amid Tuesday’s Asian … Read more

Mildly bid around $103.50 inside bearish pennant

WTI dribbles inside a bearish chart pattern around six-week low. Steady RSI and sustained trading below 100-HMA favor bears. Eight-day-old resistance line adds to the upside filters. WTI crude oil traders lick their wounds near $103.50, up 0.15% intraday, heading into Friday’s European session. In doing so, the black gold remains inside a two-day-old bearish … Read more

Retreats towards 1.2950 inside weekly bullish channel

USD/CAD snaps two-day uptrend, stays pressured towards immediate support line. Bullish chart pattern, steady RSI keeps buyers hopeful, 1.3080 is the key hurdle. Downside break of mid-month low could convince bears. USD/CAD extends pullback from 1.3017 towards dropping back inside a weekly ascending trend channel formation. That said, the Loonie pair stays depressed at around … Read more

Bearish bias remains intact below 0.8600

EUR/GBP pares recent losses while bouncing off key Fibonacci retracement level. 200-HMA, previous support challenge buyers, bears eye fresh weekly low. Downbeat RSI, sustained break of short-term triangle keep sellers hopeful. EUR/GBP picks up bids to 0.8590 while consolidating the biggest daily loss in a week during Friday’s Asian session. In doing so, the cross-currency … Read more

Descending triangle keeps buyers hopeful around 1.2250

GBP/USD dribbles inside a bullish chart pattern after two-day inaction. Firmer RSI, horizontal support add strength to the bullish bias. 100-SMA acts as an extra filter to the north, bears could aim for yearly low on breaking 1.2160. GBP/USD treads water around 1.2260 during Friday’s Asian morning, following the last two days’ dormancy inside a … Read more

Bears march towards weekly support near 0.6875

AUD/USD remains depressed around intraday low, extending the previous week’s pullback towards monthly low. One-week-old trend line may offer intermediate support but the 0.6855 level is crucial for bears to watch. Convergence of 50-SMA, two-week-old resistance line challenge buyers. AUD/USD holds lower ground near 0.6890 heading into Thursday’s European session. In doing so, the Aussie … Read more

Sellers need validation from $101.00

WTI remains on the back foot around six-week low. Upward sloping trend line from mid-March challenges further downside. 100-DMA, previous support line late 2021 guard recovery moves. WTI crude oil prices keep the previous day’s downside break of the 100-DMA, despite bouncing off the three-month-old support line. That said, the black gold drops for the … Read more

Sellers keep eyes on 1.2180 support

GBP/USD fades bounces off intraday low, stays pressured around weekly bottom. Fortnight-old resistance line, 100-EMA guard immediate run-up, RSI hints at sideways grind. Weekly support line restrictions downside targeting yearly low. GBP/USD licks its wounds around 1.2250 while fading the recent bounce off intraday low during Thursday’s Asian session. Even so, the cable pair remains … Read more

Snaps two-day uptrend as bears approach 1.0490 support

EUR/USD takes offers to refresh intraday low after breaking weekly triangle the previous day. Impending bear cross on the MACD, sustained pullback from the 200-SMA keeps sellers hopeful. Bulls need validation from 1.0645 to retake control, weekly support line probes immediate declines. EUR/USD renews intraday low as bears attack 1.0500 threshold on their return after … Read more

Bears poke 0.6940 support with eyes on monthly low

AUD/USD takes offers to renew intraday low, pares weekly gains. Short-term triangle restricts immediate downside below the key SMAs. Steady RSI, failures to cross moving averages keep bears hopeful. AUD/USD holds lower ground near 0.6950, after refreshing daily lows with 0.6944, as traders jostle inside a short-term triangle during Wednesday’s Asian session. In addition to … Read more