Silver prices look to extend the slide as they cling to the 21-day SMA. The XAG / USD has broken a symmetrical triangle on the daily chart. The drop looks more convincing amid a bearish RSI. Silver (XAG / USD) is moving within a familiar range on Wednesday, defending the $ 24 level as bears […]
Tag: SupportResistance
Go back to test the 100-day SMA
AUD / USD falls back to the support of the 100-day SMA, while the 50-day SMA limits the rise. The USD strengthens as risk aversion deepens. Investors are expecting fresh signs of a breakout in either direction. As risk-off sentiment intensifies during Wednesday’s European session, amid further lockdowns likely to be imposed in France and […]
BTC / USD targets $ 15,000 level, overbought conditions warrant caution
BTC / USD well positioned to break above the $ 15,000 level. Formation of a possible bullish flag on the daily chart. The overbought RSI warrants a pullback before the uptrend resumes. He Bitcoin (BTC/USD) It is positive again above the $ 13,000 level on Monday, reversing a temporary setback observed on Sunday. The number […]
LTC / USD poised to surge above the $ 60 level as network usage soars
LTC / USD has settled above a significant technical barrier. On-chain metrics imply that price is positioned for further growth. He Litecoin (LTC/USD) It is the eighth largest cryptocurrency with a current market capitalization of $ 3.8 billion and an average daily trading volume of $ 3.7 billion. The cryptocurrency has gained more than 23% […]
Bullish pennant breakout and gold cross on 1-hour chart point to further gains
GBP / USD is targeting a breakout above 1.3200 amid Brexit optimism. Breakout of a bullish pennant and a gold cross are confirmed on the 1 hour chart. The RSI on the 1 hour chart remains bullish still below the overbought region. Amid the official resumption of Brexit negotiations and hopes for a possible mid-November […]
XAU / USD buyers take a breather around the weekly resistance line
Gold remains close to the daily highs around the $ 1,920 level. Sellers will look for entries below the three-week support line. The monthly high offers additional resistance for the bulls before key horizontal resistance. Gold prices are holding near their daily highs, around the $ 1,920 region, at the start of the European session […]
Regaining the 50-day SMA is critical to unleashing the further rally
GBP / USD is poised for a technical breakout on the daily chart. The RSI remains bullish, but the 50-day SMA is a tough nut to crack. The Brexit stalemate extends as the focus shifts to new US stimulus aid. With the deadlock in the Brexit trade deal between the European Union and the United […]
Risks seem skewed to the downside amid Brexit concerns
GBP / USD continues to face resistance at the 100 hourly SMA. A possible bearish flag is drawn on the 1 hour chart. The UK says no to more trade talks with the EU. Fears of a no-deal Brexit persist. GBP / USD is in a consolidation phase to the downside early in the European […]
The path of least resistance is to the downside
USD / CAD is targeting a breakout of the ascending triangle on the 15-minute chart. The pair is moving below all key simple moving averages. The RSI is pointing lower, below the 50.00 level. USD / CAD has recovered slightly from a drop to the weekly lows of 1.3169, but the outlook does not look […]
Bulls target 1.3000 amid bullish technical setup
GBP / USD bulls are hopeful amid a technical breakout and a bullish RSI. A sustained move over 1.2960 is needed to target 1.3000. Brexit negotiations will focus investors’ attention on Monday. GBP / USD is building on Friday’s strong recovery from levels below 1.2900 as the bulls hold out hope for some positive developments […]
