Tag Archives: fomc minutes

USD/CAD turned lower after failing at 1.4060, with price action slipping into negative trades and stabilizing around the 1.4000 pivot as sellers probe for follow-through. Technical:The pair broke its ascending support line, and simple moving averages have flipped to overhead resistance, reinforcing a near-term bearish tilt on the 4-hour chart …

GBP/USD has been range-to-lower, fulfilling the 1.3360 target within the anticipated bearish trajectory. Technical:RSI continues to emit short-term negative signals. Intraday price action remains below the 1.3400 psychological barrier, keeping topside attempts constrained and preserving downside pressure. Base case (downside continuation):Bias stays lower while below 1.3400. A decisive break below …

Gold (XAU/USD) sold off sharply after failing to reclaim the $4,380 pivot, in line with the prior bearish bias. The drop forced a retest of $4,245 and extended to a $4,005 low before stabilizing. Technical:A clear double-top has formed, reinforcing short-term seller control. Price holds below down-sloping SMAs, which are …

USD/CAD stays bid, pressing the 1.4050 barrier as buyers attempt a topside break following a constructive start to the session. Technical:RSI has turned higher, flagging improving momentum. Price holds above the 50-period SMA, which is lending dynamic support and aligning with attempts to clear 1.4050. The 1.4000 zone remains the …

GBP/USD remains under bearish control after slipping through the 1.3400 pivot, trading near 1.3387 at the time of writing as sellers press the downside. Technical:The RSI has turned lower, confirming firm negative momentum on the 4-hour chart. Intraday stability below 1.3400 keeps the pressure skewed to the downside and limits …

In the prior note we flagged indecision and said an hourly close above 4,280 would confirm bullish continuation toward 4,350. Since then, gold has held above 4,245, turning that area into a key support while price compresses beneath nearby resistance. Technical (4H):Price action is clearly above 4,245, reinforcing role-reversal support …

USD/CAD has flipped softer after several sessions of gains, with sellers probing for control in the near term. Technical:RSI has turned lower, signaling fading upside momentum. Price has also broken an ascending trend line, adding to negative pressure. Below, 1.4050 is acting as near-term resistance that caps rebounds. Base case:While …

GBP/USD has turned positive intraday after a brief hold above 1.3400 (psychological support), but the recovery looks fragile into nearby resistance. Technical:RSI is hovering near overbought, hinting at fading momentum. The 50-period SMA sits near 1.3450, acting as overhead resistance and reinforcing a cautious tone on the 4-hour chart. Base …

Gold (XAU/USD) swung sharply on Friday, spiking to $4,380 before retreating to a $4,185 low into the close. The tape remains choppy but underpinned by safe-haven demand. Technical (4H):Price is holding above $4,200, which has flipped into key support and provides a firm floor against deeper pullbacks. Up-sloping SMAs confirm …

USD/CAD is correcting lower in a bearish sub-trend within the broader uptrend, as markets consolidate recent gains ahead of policy headlines. Technical:RSI is attempting to exit oversold, hinting at base-building for a rebound. Price continues to hold above the 50-period SMA, keeping the larger bullish structure intact. The 1.4000 zone …