The RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1285 and...
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9219 and 0.9201). Our preference: The upside prevails as long as 0.9219 is support.
EUR/CAD may rise 71 - 107 pips The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.4464) but under its 50 period moving average (1.4482). Our preference: Rebound.
The RSI is mixed to bullish. Weekly chart is also bullish. USD/JPY may rise to 115.50 - 116.60 Our preference: Long positions above 112.05 with targets at 115.50 & 116.60 in extension.
Indeed, the 41000 support base is likely to favor a recovery. Weekly chart is also bullish. Our preference: Long positions above 41000 with targets at 59000 & 65000 in extension.
The RSI lacks downward momentum. Weekly chart is also bullish. Our preference: Long positions above 3600 with targets at 4650 & 4865 in extension.
In 30m Charts the RSI is below its neutrality area at 50% Our preference: Short positions below 1780.00 with targets at 1765.00 & 1761.00 in extension. In Daily Charts: The RSI lacks upward momentum. Our preference: Short positions below 1820.00 with targets at 1755.00 & 1720.00 in extension. Good luck eveyrbody!
Silver may fall to 21.42-21.56, as long as 22.02 is resistance, likely decline to 21.56. Our preference: Short positions below 22.02 with targets at 21.56 & 21.42 in extension.
Short positions below 1820.00 with targets at 1755.00 & 1720.00 in extension.
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6847 and 0.6987). Our preference: The downside prevails as long as 0.6885 is resistance. Alternative scenario: The upside breakout of 0.6885, would...
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Our preference: Long positions above 22.12 with targets at 22.41 & 22.59 in extension.
The RSI is above 50. The MACD is above its signal line and positive. T he configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6477 and 1.6385). Our preference: The upside prevails as long as 1.6365 is support.
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 113.58 and 113.52). Our preference: The downside prevails as long as 113.83 is resistance. Alternative scenario: The upside breakout of 113.83,...
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9230 and 0.9220). Our preference: The downside prevails as long as 0.9232 is resistance. Alternative scenario: The upside breakout of 0.9232, would call for 0.9249 and 0.9259.
Our preference: The downside prevails as long as 1.3253 is resistance. Alternative scenario: Above 1.3253, look for 1.3292 and 1.3315. The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3243 and 1.3249).
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 48256 and 49070). Our preference: The downside prevails as long as 48760 is resistance. Alternative scenario: Above 48760, look for 50170 and 51020.
The RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively...
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8162 and 0.8282). Our preference: The downside prevails as long as 0.8187 is resistance. Alternative scenario: Above 0.8187, look for 0.8393...