Analysis Team

AUD/JPY fades latest bounce-off two-week low but stays above key technical supports. Bullish candlestick formation, upbeat RSI favor buyers eyeing monthly top. Two-month-old support line, 21-day SMA restrict immediate downside. AUD/JPY fizzles recent recovery moves while easing to 84.24 amid the initial Asian session on Tuesday. Even so, the quote stays above an ascending trend

Silver portrays corrective pullback after bearing the heaviest losses in 13 days. 50-day SMA, descending trend line from February 01 becomes a tough nut to crack for the bulls. Bears eye 14-week-long support line during fresh downside. Silver refreshes intraday high to $25.77, up 0.15% intraday, during Tuesday’s Asian session. In doing so, the white

GBP/USD refreshes intraday low during the four-day downtrend. Bearish MACD directs sellers to short-term rising trend line, 50-day SMA. Bulls need to cross one-month-old resistance line for fresh entry. GBP/USD drops to the day’s low of 1.3846, down 0.12% intraday, amid Tuesday’s Asian session. In doing so, the cable prints a four-day losing streak after

USD/TRY stays firm following the heaviest run-up in 31 months. Sustained bounce off early-month top, bullish MACD signals back buyers. 61.8% Fibonacci retracement levels, November 2020 levels lure bulls. USD/TRY picks up bids near the intraday high of 7.8450, currently up 0.50% near 7.8390, during early Tuesday. In doing so, the quote justifies its U-turn

EUR/USD bounces off intraday low to again attack 100-SMA. Downward sloping RSI probes buyers inside a fortnight-old pattern. Monthly bottom adds to the downside filters, Powell-Yellen Testimony eyed. Following its pullback from 100-SMA during the early Asian session on Tuesday, EUR/USD remains depressed around 1.1925, down 0.05% intraday, ahead of the European session. In doing

Open interest in Gold futures markets rose for the second session in a row on Monday, this time by just 302 contracts in light of preliminary readings from CME Group. On the other hand, volume shrunk for the second consecutive day, now by around 19.4K contracts. GOLD STILL TARGETS $1,760/OZ Gold prices started the week on

CME Group’s flash data for Crude Oil futures markets saw open interest shrinking for the sixth consecutive session at the beginning of the week, now by around 14.7K contracts. In the same line, volume receded for the second straight session, now by around 705K contracts. WTI DOES NOT RULE OUT A MOVE BELOW $60.00 Prices

According to advanced prints for Natural Gas futures from CME Group, traders trimmed their open interest positions by nearly 4.7K contracts, reaching the second session in a row on Monday. Volume, instead, went up by around 56.5K contracts, partially reversing the previous drop. NATURAL GAS REMAINS SUPPORTED BY THE 200-DAY SMA Natural Gas prices added to

EUR/JPY fades Monday’s advance and breaches 129.00. Next on the downside emerges the 127.70 region. EUR/JPY breaks below the 129.00 support and extends the corrective downside to the 128.90/80 band on turnaround Tuesday. Despite the knee-jerk, the positive bias in the cross remains unchanged for the time being. Against that, further upside still remains on the