Tag Archives: fomc minutes

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 …

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 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 …

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 …

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 …

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 …

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 …

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 …