Technical Analysis

The index extended its anticipated decline, posting a 46,895 low. Technical outlook 50-SMA (4H): Now above price and acting as dynamic resistance, limiting recovery attempts. RSI: Still negative; trying to unwind oversold, but momentum remains fragile. Base case (bearish while below 47,240) Maintaining trade beneath 47,240 keeps the downside in …

USD/CAD extended its advance in line with prior bullish calls, tagging the 1.4120 target and printing a 1.4140 high. Technical outlook Structure: The break above the descending trendline is intact. SMAs: Simple moving averages have rotated beneath price, providing support. RSI: Easing from overbought without breaking down—consistent with scope for …

The pair attempted to claw back recent losses, but the recovery remains fragile. Technical outlook RSI: Overbought resets are fading, with the indicator still sending negative signals. 50-SMA (4H): Capped the bounce near 1.3165, reinforcing overhead resistance. Structure: Ongoing stability below 1.3175 keeps the bearish bias intact. Base case (bearish …

Futures are attempting to rebound after posting a $57.70 low, but the broader setup remains fragile. Technical outlook SMAs & structure: Simple moving averages sit overhead and a descending trendline persists—both acting as dynamic resistance and limiting upside. Base case (bearish while below $60.00) As long as price holds beneath …

Gold briefly shook off selling pressure after probing the $3,928 support, rebounding toward the $4,000 area. Technical outlook SMAs: Attempting to rotate beneath price, offering support from below and mild positive momentum. RSI: Turning constructive after a reset, aligning with scope for further recovery attempts within a broader corrective downtrend. …

The pair staged an intraday bounce after tagging the 1.1480 bearish target, but price action still looks like a resistance retest rather than a trend change. Technical outlook SMAs/structure: Price remains below the simple moving averages and under a descending structure—capping upside attempts. RSI: Pushed into overbought on the rebound, …

The index faded in the prior session after failing to confirm a breakout above 47,820, shifting the near-term bias to the downside. Technical outlook 50-SMA (4H): Has rolled over above price and now acts as dynamic resistance. RSI: Turning lower with negative signals, though attempting to unwind oversold readings. Base …

The bullish setup remains intact: price has held above the 1.4000 psychological floor, hit our first target at 1.4040, and printed a 1.4076 high. Technical outlook Structure: A break above the descending trendline is holding. SMAs: Simple moving averages have rotated beneath price, providing support. RSI: Easing from overbought without …

Sterling continues to grind lower in line with our bearish view, edging toward the 1.3100 target (last at 1.3108). Technical outlook Momentum: RSI has exited oversold but remains negative, consistent with bearish control. Trend/SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Ongoing …

Price action has been mixed with a slight dip, but the corrective uptrend remains intact. Technical outlook SMAs: Still trending beneath price, supporting momentum. RSI: Attempting to turn higher, consistent with scope for another push up. Base case (bullish while above $60.45) Holding $60.45 keeps the upside favored. A decisive …