WTI rises to new highs since October 2014. At the March rising trend line, an overbought RSI challenges the bulls. The convergence of the monthly support line, and the DMA of 10 restricts the immediate fall. WTI bulls remain dominant, renewing seven-year highs during early Monday morning. That said, black gold is around $ 84.15, […]
Tag: Chartism
Flirt with the 0.8700 level within the weekly bearish channel
The EUR / GBP retraces within a bearish pattern and returns the initial gains of the Asian session. The seven-day support line and the 200-hour SMA offer support. The bulls will look for new entries above 0.8720. EUR / GBP is moving around the 0.8700 level at the start of the European session on Wednesday. […]
Bulls need validation of 0.7110
The NZD / USD hits a fresh three-week high and sustains the break to the upside of the key short-term resistance line, now turned into support. The 200 SMA and early March lows limit further rally, as the 0.7020 level becomes the key support. The NZD / USD reaches a new high since March 23 […]
Aiming for fresh multi-month lows around 0.8550
EUR / GBP remains lower and hovers around the intraday low. The falling RSI, the bearish triangle, and a sustained breakout of the monthly support line favor bears. The 100 hourly SMA and the two-week downtrend line offer resistance to the upside. EUR / GBP remains under pressure as it attacks the daily low near […]
The bulls fight the seven-week hurdle around the 107.00 level
USD / JPY remains firm near the highest level since July 2020. The overbought RSI and a bearish MACD tests the pair’s bulls near the top line of an ascending channel. Buyers target July high, 200 SMA adds to downside filters. USD / JPY remains positive for the second day in a row as it […]
Monday’s dragonfly doji keeps XAG / USD bulls hopeful above $ 22.00
Silver remains slightly higher above the $ 22.50 level. The near oversold RSI conditions can help silver make recovery moves. A confluence of the 10-day SMA and the three-week downtrend line offers a strong barrier to the upside. Silver prices () XAG / USD moved above the $ 22.50 level during the Asian session on […]
Rises above 1.3350 after Monday’s inverted hammer
GBP / USD rises above 1.3350 as it justifies the formation of a bullish pattern the day before. The MACD signals and the sustained move above the 10-day SMA are also favoring buyers. GBP / USD climbed above the 1.3350 level during the Asian session on Tuesday. The pair registers a U-turn from the 10-day […]