RSI

USDCHF drifts lower The US dollar pulled back after the recent Fed decision, which saw the pair jump over 100 pips. The pair now continues downward in search of bids as short-term sentiment remains pessimistic. As the relative strength…
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FTSE 100(UK 100) seeking support The FTSE 100 rebounded on the recent sell-off, but it looks likely to test the recent low at 8125. A cup and handle formation has brought the index to its first key resistance at 8350, which coincides…
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USOIL continues the bull run WTI gained over 3% as the market focused on the upcoming OPEC+ meeting. The recent recovery has seen over $4 added to the black gold's value as price action breaks the 80.00 level. Now that bears have thrown…
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XAUUSD tests demand zone Gold corrected after reaching oversold levels as prices ventured towards the $2300 area. The metal is now testing the 2335 zone near the base of the previous breakout rally. An initial bounce is a sign of…
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XAUUSD tests support Gold falls from its recent record high as traders await numerous Fed speakers and meeting minutes. A fall below the daily support 2400 will dent the bullish mood, prompting buyers to trim their exposure in fear of a…
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USD/JPY becomes symmetrical The JPY  feels the squeeze as the greenback's strength begins consolidating. The pair has developed a symmetrical triangle pattern as price action decreased to 151.00 after the recent rally ended. A break…
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GBPUSD another day, another drop As the dollar regained strength against its competitors, the pound took another tumble, exacerbating the ongoing USD pressure. With the BoE giving less indication than the Fed about cutting rates, 200…
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XAUUSD (gold) wipes off $50 XAUUSD (gold) continues losing ground from its record peak after the anticipated selloff begins. The price is striving to hold onto 2200, with the RSI falling into the neutral zone. The bearish mood remains…
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XAUUSD Price remains elevated XAUUSD price has slightly declined after the recent rally, which saw multiple peaks and record highs. The RSI’s double top in the overbought area suggests that bulls could use some breathing room. On the…
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EURUSD hitting resistance The US dollar gained over 80 pips as traders prepared for a dovish Fed testimony. A drop below 1.0930 shows strong bearish intent that the greenback is recovering. As the RSI dropped into oversold territory, a…
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