Sterling extended losses in line with our prior view, breaking 1.3075 and printing a 1.3038 low. Technical outlook SMAs: Sitting overhead as dynamic resistance, curbing rebound attempts. RSI / pattern: Momentum remains negative and a bearish structure persists, reinforcing the daily downtrend. Base case (bearish continuation) A decisive break/4H close …
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WTI reversed lower after failing to hold above $60.00, sliding to a $58.70 low. Technical outlook 50-SMA (4H): Price is trading below the average, adding downside pressure. Pattern/structure: A developing bearish setup (with lower highs) supports continuation risk to the downside. Base case (bearish while below $60.00 / $60.45) A …
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Gold faded after a $4,132 spike in U.S. hours, sliding to $4,038 as sellers regained control. Technical outlook SMAs: Overhead and acting as dynamic resistance, likely capping recovery attempts. RSI: Continues to flash negative momentum, underscoring weak upside follow-through. Base case (bearish while below $4,110 / $4,117) Maintaining trade below …
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The pair extended its slide in line with our bearish view, meeting the 1.1520 target and printing 1.1510. Technical outlook Trend/SMAs: Price remains below the simple moving averages and under a descending trendline, keeping recovery attempts capped. RSI: Attempting to unwind oversold, but downtrend dominance persists. Base case (bearish while …
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The index logged sharp losses in the week’s first session, posting a 46,397 low. Technical outlook 50-SMA (4H): Rolling over above price and acting as a descending ceiling (dynamic resistance), reinforcing the daily downtrend. RSI: Remains negative despite oversold readings, underscoring strong near-term bearish momentum. Base case (bearish while below …
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Selling pressure dominated the USD/CAD pair after it encountered resistance at 1.4060, forcing it into negative trading. Technical Outlook – 4-Hour Timeframe The simple moving averages have returned to exert downward pressure on the price and are acting as a dynamic resistance level. This is further supported by negative signals …
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GBP/USD — 4H Technical Update The setup is broadly unchanged: price action is muted and the downtrend remains the dominant theme. Technical outlook RSI: Still printing negative signals despite oversold readings—evidence of persistent bearish momentum. 50-SMA (4H): Price is holding above the average, providing some underlying support—hence the mixed picture. …
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WTI caught a bid after basing near $59.30, with buyers regaining traction. Technical outlook 50-SMA (4H): Price has reclaimed and is stabilizing above it, adding positive momentum. RSI: Turning constructive, supporting the recovery attempt. Base case (bullish bias while above $60.10 / $59.80) Holding $60.10—and more broadly $59.80—keeps the topside …
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Recent profit-taking followed prior rallies, with downside pressure reinforced by price action below the simple moving averages and an RSI reset from overbought. At the same time, price is still tracking an ascending support line, so the near-term read is mixed. Best to trade the levels: Bearish continuation (preferred only …
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The pair remains range-bound below 1.1600, failing to hold above the psychological barrier. Technical outlook Structure/SMAs: A break below the prior ascending channel plus SMAs turning overhead shifts bias lower. Momentum: Indicators are starting to lean bearish, consistent with fading upside. Base case (bearish trigger) A decisive break/4H close below …
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