RSI

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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USDJPY bounces off support The US dollar grinds higher after moving away from February’s firm support. Optimistic CPI data saw a return to form for the greenback as price action moved against the Yen. A subsequent break above 147.40…
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GER 40 Index hits another high The GER 40 index (DAX) topped another record as the index shrugged off rumours of a technical recession. With a bearish divergence underway, prices decreased slightly from 17900. 17650 is critical support…
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GBPUSD looks for another push higher The pound had another optimistic bounce as the Sterling Bounces Back. On the chart, the pair is still striving to hold above February’s high of 1.2700, a critical ceiling to break. A bearish breakout…
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US 30 tests critical support After the recent stock rally cooled, the Dow Jones ( US 30 ) looks for the next move. On the chart, the index is struggling to hold on to its gains from the few sessions as a bearish divergence opens. A break…
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XAUUSD begins consolidating Bullion steadied as the US dollar lifted briefly after days of weakness. The precious metal consolidates around the 2030 zone in the gold market as buyers look for another $40 jump. 2038 is the immediate…
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