RSI

USDCAD looks for triple top The Canadian dollar slipped against the greenback after the BoC paused its rate increases. The pair is seeking to confirm a break above the 1.35 handle. After hitting slight resistance at the said level, the…
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AUDUSD keeps the high ground The strength of the US dollar has taken a breather as price action has been lifted. The pair has recouped some losses from this year’s sell-off after bouncing off 0.6540, which coincides with the 20-day…
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AUDUSD breaks support The Australian dollar remains bearish after breaking through the 0.66 handle. A brief uptick could shift sentiment, however, a lift back to 0.6660 is required. This level sits on the 20-day moving average, making it…
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USDJPY breaks another resistance The Japanese yen tumbled over a buoyant dollar. The dollar’s surge has now slightly exhausted as prices touched 148.00. This is a sign that the mood has remained cautious for now and an opportunity to…
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USDCAD ignoring bearish divergence The Canadian dollar continues to lose ground to a resurgent greenback. The pair has moved over 200 pips since the start of the year. A break at the 1.34 level led to another rally, with 1.35 becoming…
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EURUSD breaks 1.09 The Euro struggles to maintain its dominance over the dollar as the Fed nears the end of its tightening. The pair broke the 1.09 level as a bearish RSI divergence suggests a deceleration in the momentum. Support could…
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EURUSD finds bullish route After mixed CPI data, the US dollar steadied itself for the next Fed meeting. On the chart, the euro has bounced off the 20-day SMA as it sought to preserve its gains. A sharp break above 1.0970 has attracted…
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USDCHF begins fightback The US dollar consolidates gains as the market looks ahead to the upcoming CPI data. The pair continues its way up after clearing 0.8400. A series of higher lows still indicate strong buying pressure. A bullish…
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GBPUSD bounces back The pound has seen firm gains against the dollar as it approaches multi-month highs. With price action continuing in a bullish channel, the 1.27 handle becomes the next validation to the upside. If there is no…
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SPX 500 continues to tumble The S&P fell for a third consecutive session as the attempt at record highs looks like a distant memory. As the index shed another 200 points, the next target becomes 4.6k, the previous swing high six months…
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