USD / JPY is moving lower for the second day in a row. The false breakout of the previous daily high and the RSI retracing from the overbought area supports the bearish pattern. The 10-day SMA and bullish trend lines since January will test the pair’s bears. USD / JPY is moving slightly lower, around […]
Tag: VelasJaponesas
Pattern on 1-hour chart directs sellers towards 200 SMA
AUD / USD returns initial gains after Australian CPI data and falls to new daily lows. The bearish candlestick pattern and bearish indicators suggest further consolidation from recent gains. AUD / USD has returned the initial gains made following the release of the Australian CPI data better than expected and has fallen to fresh daily […]
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 […]