RSI

USDJPY awaits bearish divergence The Japanese yen struggled as USD CPI data came in hotter than expected. The pair’s latest push moved over the psychological level of 150.00, which now acts as fresh support. A subsequent break above…
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USDCAD CPI breaks upper channel The Canadian dollar retreated against the greenback as CPI data pushed prices higher. The recent consolidation before the news release moved slightly lower as a false spike bounced off the 1.3400 level.…
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US 30 not slowing down The Dow Jones maintains its upward momentum, defying any signs of slowdown. The recent 500-point surge encountered robust buying activity above the daily resistance level of 38400. Despite a bearish divergence…
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EURUSD drops another 100 pips The US dollar continues to soar after January’s jobs report far exceeded estimates. The pair broke through the previous psychological support of 1.08 after another 100 pip decline. A drop below the bearish…
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GBPUSD breaks support The pound fell through the floor as NFP data saw a strong move for the USD. The near-term outlook supports the recovery theme after the pair bounced back towards 1.26. The recent 200 pip drop could look for signs of…
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EURUSD under renewed pressure The pair plunged after a progressive NFP raised hopes that the Fed could begin rate cutting sooner rather than later. The euro gave up recent gains on the chart as price action fell away from the 1.09 level.…
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EURUSD remains in a downtrend The US dollar continues to surge against its major rival as the Fed signals a dovish future. The euro remains pressured under the 20-day SMA as it sought to preserve its gains above December’s high above…
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USDCAD gives up gains The Canadian dollar recouped losses after hitting a firm double top. The pair recovered to the downside on the chart as the 1.3400 level was tested. A break above the previous resistance of 1.3460 could ease some…
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AUDUSD stuck in consolidation The Australian dollar continues its sideways trend as traders remain hopeful of a cut in the Feds rate. A tentative bounce off the 0.65 handle fuelled bulls enthusiasm and could lay the foundation for an…
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USDCHF falters at recovery Next week, the US dollar builds a base ahead of the Fed’s interest rate decision. An initial pop above 0.8725 has prompted short-term sellers to cover some of their bets. 0.87 along the 20-day moving average…
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