Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend/SMAs: 4H simple moving averages slope lower and sit above price as dynamic resistance, capping rebounds. Structure: A prior rising trendline break keeps bears in control. Momentum (RSI): Continues to …
Read More »CAD Attacks Resistance 3/11/2025
The pair kept its positive momentum, grinding higher to test 1.4030 resistance. Technical outlook Structure: A 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 further upside. Base case (bullish while above …
Read More »Pound Maintains the Bearish Path 3/11/2025
Sterling extended its downtrend into last week’s close, meeting the 1.3105 target and printing a 1.3097 low. Technical outlook RSI: Back out of oversold but still sending negative momentum signals—consistent with bearish control. SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Ongoing …
Read More »Gold Set for Further Corrective Downside 3/11/2025
Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend & SMAs: The 4H simple moving averages slope lower and cap rebounds as dynamic resistance—consistent with a bearish structure. Structure: A prior rising trendline break keeps downside risk in …
Read More »CAD Attacks the Downtrend Line 31/10/2025
The pair extended a constructive rebound, tagging a 1.4014 high. Technical outlook Price is challenging a descending trendline, with the simple moving averages now underpinning price from below. RSI is unwinding prior overbought readings rather than breaking down—consistent with scope for further upside. Base case (bullish while above 1.3960/1.3940) Holding …
Read More »Pound Loses Ground Against the Dollar 31/10/2025
The pair logged heavy losses in the prior session, printing a 1.3117 low. Technical outlook RSI: Remains negative in the short term despite oversold readings—consistent with downside risk. SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Stability below 1.3210 keeps the bearish …
Read More »Gold Seeks a Near-Term Cue as the Correction Persists 31/10/2025
Price action is choppy: yesterday’s rebound topped at $4,046 after a dip to $3,915, but no clean trend has emerged. Technical outlook The 4H simple moving averages slope lower and sit above price, acting as dynamic resistance and capping recovery attempts. An earlier rising trendline break keeps bears in control. …
Read More »CAD Faces Downside Pressure 28/10/2025
USD/CAD’s rally stalled at the 1.4000 psychological barrier, with volatility elevated as the level repeatedly repels upside attempts. Technical outlook Price has broken the ascending support line, shifting near-term structure from higher lows to a corrective/downward bias. Simple moving averages have rolled over and now sit above price, acting as …
Read More »Pound Hovers Around Resistance 28/10/2025
Cable staged a strong early-week rebound after defending 1.3300. However, momentum is stalling beneath nearby resistance. Technical picture RSI (H4) is edging into overbought territory and rolling over, a cautionary sign of waning upside momentum. Price action remains capped below 1.3380–1.3390, tempering the rebound and keeping risk of a pullback …
Read More »Gold Slides Under Intensifying Selling Pressure 28/10/2025
Gold extended its decline in the prior session, in line with the bearish view, approaching the projected $3,985 target and printing a low at $3,963. Technical outlook Price remains below the 50/100 SMA cluster on H4, keeping moving averages as dynamic resistance and capping rebound attempts. The ascending trendline has …
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