GOLD
#OPINIONLEADER# The daily chart for the XAU/USD pair shows that it has bounced for a second consecutive day from around a bullish 20 SMA, which advances above directionless longer ones. Technical indicators, in the meantime, have turned higher after approaching their midlin
AUD/USD
AUD/USD extends bounce off the seven-week-old support line, suggesting further advances towards the 100-SMA level of 0.7280. However, any further upside will be challenged by the monthly peak of 0.7315. Alternatively, pullback moves remain elusive beyond the stated support line of 0.7170
USD/JPY
#OPINIONLEADER# A clear bounce off 50-DMA level near 114.30 directs USD/JPY towards another attempt to cross the 20-DMA hurdle of 115.00. The support aligned with the weekly low 113.50. The USD/JPY pair keeps downward momentum in the day. #USD/JPY#
GBP/USD
#OPINIONLEADER# #GBP/USD# The Relative Strength Index on the four-hour chart, which is currently floating around 47, would need to recover to 50 and hold there for buyers to show interest. 1.3650 align as the next hurdles. On the downside, addition
EUR/USD
#EUR/USD# In the 4-hour chart, the EUR/USD pair is trapped between flat 100 and 200 SMAs, while the 20 SMA heads firmly lower well above the current level. At the same time, technical indicators remain within negative levels, the Momentum heading lower and the RSI stable at
Market Insights 20 January 2022
AUD/USD is easing back below 0.7250, paring upbeat Aussie employment data-led strong gains, as the persistent strength in the US Treasury yields limits the upside. Australia's Unemployment Rate dropped sharply to 4.2% in December. PBOC cut LPR once again. Gold consolidates the biggest daily gains si
XTI/USD
#OPINIONLEADER# A continuation of the surge of the commodity price was highly likely to test the resistance of the 2018 and 2021 high level at $86.00. If the price moves above the historical high, the crude oil benchmark would be located at levels not seen since 2014
GOLD
#OPINIONLEADER# In the 4-hour chart, the picture is neutral-to-bullish as technical indicators remain directionless near oversold readings, while the metal is far above its moving averages, with the 20 SMA crossing above the 100 SMA, both around $1,806. Further gains
AUD/USD
#OPINIONLEADER# A clear upside break of 50-DMA and a downward sloping resistance line from mid- November joins firmer RSI and bullish MACD signals to keep AUD/USD buyers hopeful. However, the 100-DMA surrounding 0.7290 challenges the Aussie pair’s further advances targeting
USD/JPY
#OPINIONLEADER# The #USD/JPY# pair seesawed between tepid gains and remained confined in a narrow trading band below mid-115.00s. On the 4-hour chart, the price path could resemble something as illustrated above where the various structural lev
GBP/USD
#OPINIONLEADER# Even if GBP/USD loses traction after the CPI data, the near-term outlook will remain bullish as long as buyers defend 1.3600, where the 20-period SMA on the four-hour chart and the lower limit of the ascending regression channel is located. On the upside, in
EUR/USD
#OPINIONLEADER# The daily chart hints at additional gains, as the pair retains daily gains, now well above a mildly bullish 20 SMA, while technical indicators head firmly higher within positive levels. The 100 SMA maintains its bearish slope around the 61.8% retracement at
Market Insights 13 January 2022
#OPINIONLEADER# AUD/USD has risen sharply as the US dollar plummets below critical daily support. However, the W-formation is compelling, especially with the DXY now stabilizing at deeper support. There are prospects of a bullish correction in the US dollar for the sessions
