USD/CAD staged a bullish rebound after defending the 1.4000 psychological floor. Technical outlook SMAs: Have turned higher beneath price, adding constructive momentum. RSI: Prints positive signals, aligning with further upside attempts. Base case (bullish while above 1.4000) Holding 1.4000 keeps the topside favored. A clean break/4H close above 1.4065 would …
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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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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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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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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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A bullish rebound is attempting to take control after price held above the 1.4000 psychological floor. Technical outlook SMAs: Price is trading above the simple moving averages, lending support to upside attempts. RSI: Momentum signals are constructive, consistent with further recovery potential. Base case (bullish while above 1.4000) Former resistance …
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The pair is trying to base, but 1.3190 resistance is capping upside and limiting consolidation attempts. Technical outlook RSI: Despite oversold readings, momentum signals remain negative, underscoring a dominant downtrend. 50-SMA (4H): Price still above the average, offering some underlying support—hence the mixed setup. Trade map (wait for confirmation) Bearish …
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Gold confirmed the bearish trigger highlighted previously: a clean break below $4,055/$4,050 shifted near-term structure lower and extended losses toward the $4,004 area. Technical outlook Trend/50-SMA: Price is below the 50-SMA, which now acts as dynamic resistance, reinforcing downside control. Momentum (RSI): Firm negative signals support continued selling pressure. Base …
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USD/CAD is under pressure after two steep down sessions, now testing the 1.4000 psychological support. Technical outlook Trend/SMAs: Price is tracking a sharp downtrend, capped by descending simple moving averages that act as dynamic resistance. RSI: Clear negative momentum signals align with the bearish structure. Base case (bearish while below …
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