USD/CHF consolidates after clearing the February high (0.8886), while the Relative Strength Index (RSI) appears to be diverging with price as the oscillator reverses ahead of overbought territory.
USD/CHF Rate Outlook
Unlike the developments from last month, the RSI holds below 70 even though USD/CHF registered a fresh yearly high (0.8893) at the start of...
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open.
The price of gold climbs to a fresh yearly high ($2120) as it stages a four-day rally, while the Relative Strength Index (RSI) pushes into overbought territory for the first time this year.
Gold Price Outlook
The price of gold approaches the 2023 high ($2147) with a break/close above the $2141 (50% Fibonacci extension) to $2150 (100% Fibonacci extension)...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
ETH/USD breaks out of the range bound price action from last week to keep the Relative Strength Index (RSI) in overbought territory.
ETH/USD Outlook
ETH/USD extends the series of higher highs and lows from earlier this week to register a fresh yearly high ($3473), and the rally may persist as long as the RSI holds above 70.
A breach above the April 2022 high...
BTC/USD breaks out of the range bound price action from last week to register a fresh yearly high ($57453), with the recent advance in Bitcoin pushing the Relative Strength Index (RSI) back into overbought territory.
BTC/USD Outlook
BTC/USD extends the advance from the start of the week to mark the largest two-day rally since December, and the move above 70 in...
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open / monthly-close.
GBP/JPY trades to a fresh yearly high (191.32) as it extends the rally from last week, with the Relative Strength Index (RSI) flirting with overbought territory as it climbs to its highest reading since November.
GBP/JPY Outlook
At the same time, the 50-Day SMA (185.89) now reflects a positive slope following the three-week rally in GBP/JPY, and a move above...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
AUD/JPY extends the advance from last week to test the 2023 high (98.61).
AUD/JPY Rate Outlook
AUD/JPY pushed above the 50-Day SMA (96.94) earlier this month to clear the January high (97.88), with the moving average starting to reflect a positive slope as the exchange rate registers a fresh yearly high (98.62).
A more definitive breach above the 2023 high...
Sr. Technical Strategist Michael Boutros highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
@MBForex
ETH/USD registers a fresh yearly high ($3002) as the Relative Strength Index (RSI) holds in overbought territory, but a move below 70 in the oscillator may accompany a near-term correction in Ethereum like the price action from last year.
ETH/USD Outlook
ETH/USD stages a four-week rally as it extends the advance from the start of the month, with a break/close...
USD/CHF initiates a series of lower highs and lows as it continues to pull back from a fresh yearly high (0.8886), with the Relative Strength Index (RSI) indicating a sell signal as it falls below 70.
USD/CHF Rate Outlook
USD/CHF is under pressure following the failed attempts to break/close above the 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2%...
Following today’s US data releases, the dollar index has now reached the top of a key support area between 104.00 to 104.27. This area converges with the high from December and point of origin of this week's breakout. The DXY will need to stay above this pivotal area to maintain its bullish bias. Failure to do so would be a bearish outlook, particular when you...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
The price of gold clears the January low ($2002) to register a fresh yearly low ($1984), and bullion may attempt to test the December low ($1973) as the 50-Day SMA ($2031) no longer reflects a positive slope.
Gold Price Outlook
The recent weakness in the price of gold has pushed the Relative Strength Index (RSI) to its lowest level since October, and a move...
GBP/JPY clears the January range to register a fresh yearly high (190.08), with the recent rally in the exchange rate pushing the Relative Strength Index (RSI) towards overbought territory.
GBP/JPY Outlook
GBP/JPY moves away from the 50-Day SMA (184.68) as it extends the advance from the start of the month, and a move above 70 in the RSI is likely to be...
Sr. Technical Strategist Michael Boutros highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
@MBForex
