USDJPY has rebounded from its 0.786 retracement at 151.75.
The strength indicator RSI is still showing positive sentiment with no divergence. That is a strong suggesting USDJPY is to rebound higher. An RSI close back above 60 threshold will confirm the bullish rebound picture.
A bullish move over the next couple of weeks to the 0.618 retracement at 157.05 is in...
USDCHF key support at 0.90! A break below is likely to fuel a sell-off down to the 0.382 retracement of the uptrend since its December low i.e., down to 0.8883.
Around that level both the 200 and 100 daily Moving Average are coming up adding to the support.
RSI has been illustrating divergence for a few weeks by now indicating uptrend exhaustion
However, if...
GBPUSD spiked to the 0.786 retracement at 1.2622 only to collapse back below the 0.618 retracement.
RSI failing to close above 60 threshold thus still showing negative sentiment, and with no divergence indicating GBPUSD is likely to resume downtrend and push lower in coming weeks.
A break below 1.2465 will confirm the bearish trend has resumed with downside...
EURUSD spiked late last week above the 55 and 200 daily Moving Averages and close to the 0.786 retracement at 1.0824 before retracing back below the 0.618 retracement at 1.0776. In three tries, EURUSD failed to close above the 0.618 retracement and RSI failed to close back above 60 thresholds. All Moving Averages are declining, putting a drag on EURUSD. The cross...
Gold (XAUUSD) is back below key support at 2,319 after failing to close above 2,350, which would have confirmed the resumption of an uptrend. If Gold breaks below 2,291, it is likely to face a sell-off down to between 2,260 and 2,255, and possibly even lower to around 2,207, which is the 0.786 retracement of the leg up since March.
The strength indicator RSI has...
USDCAD seems to be attracting bids just above the 0.618 retracement and support at 1.3618.
Since RSI is still showing positive sentiment with no divergence, break above 1.3731 combined with an RSI close back above 60 threshold will confirm USDCAD has resumed uptrend with upside potential to 1.3928, possibly higher
A daily close below 1.3618 will reverse this...
AUDUSD spiked higher to the 0.786 retracement at 0.6584 and the 100 daily Moving Average only to rejected.
The strength indicator RSI also tested and got rejected at the 60 threshold
A daily close above is necessary for AUDUSD to establish a bullish trend.
AUDUSD seems likely to resume downtrend, and a daily close below 0.6485 could fuel a sell-off down to...
EURUSD seems indecisive about whether to advance to the 0.618 retracement at 1.0777, currently hovering around the 0.382 retracement near 1.07.
The daily RSI has closed above its falling trendline, suggesting that EURUSD may climb higher, possibly up to the 0.7896 retracement at 1.0825.
However, the declining 55 and 200 daily Moving Averages may pose...
USDJPY is caught range-bound in a tight range between 151.95 and 150.84. A daily close above or below these levels is necessary to indicate the next direction.
A close above 151.95 suggests short-term upside potential to the 1.618 projection at 153.60. Conversely, a close below 150.84 indicates that a correction down to support at around 149.20 is quite likely,...
Ethereum ETHUSD is testing key resistance at around USD 3,677 and the 0.618 retracement.
A break above is likely to fuel a rally towards all-time highs at around USD 4,092. Some resistance at the 0.786 retracement at USD 3,870.
If breaking above USD 4,092, there is further upside potential to the 1.382 projection at USD 4,486, possibly to the 1.618 projection at...
Bitcoin BTCUSD is breaking bullish out of its corrective symmetrical triangle pattern and is currently above minor resistance at around USD 71,790.
If breaking above all-time highs at around USD 73,835, Bitcoin has upside potential to the 1.618 projection of the top to the bottom of the triangle at USD 81,909, but could move as high as to the 1.764 projection at...
EURUSD is experiencing considerable volatility, partly due to conflicting signals from its daily moving averages (DMAs). With the 21 DMA rising, the 55 DMA declining, the 100 DMA rising, and the 200 DMA almost flat, the currency pair lacks a clear directional trend across short-, medium-, and long-term perspectives.
Fibonacci retracement levels are key in...
Third time is a charm. USDCHF broken above key resistance after two previous tries following the SNB's rate decision. 0.90-0.91 in the horizon, maybe even 0.92 level
USDCHF After being rejected yesterday at the resistance and 0.618 retracement at 0.89 USDCHF is propelling higher today following SNB rate decision.
UDCHF is now seemingly headed towards the...
EURCHF is experiencing a significant bullish movement, currently testing the resistance at around 0.9775 after surpassing a minor resistance at 0.97.
This bullish move follows the pair's break above a falling trendline that dates back to January 2022 and its break back above the 200 Daily Moving Average, signaling a strong upward momentum.
On the weekly chart,...
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view.
If rejected at the resistance, AUDJPY is likely to slide back to 97
The GBPJPY pair is testing the 0.618 retracement at 190.04. The RSI shows positive sentiment and has broken above its falling trendline, indicating that GBPJPY is likely to break above the 0.618 retracement and move higher. If the RSI closes back above the 60 thresholds, GBPJPY is likely to break above the February peak at 191.33 and move towards the 1.382...
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88.
If it fails to close above...
The USDJPY pair has rebounded to the 0.618 retracement and key resistance at around 149.20. If it is rejected and fails to close above, the pair could slide back to 148.15 possibly lower.
A daily close above 149.20 level indicates short-term potential to reach the February peak at around 150.84, with the 2022 peak at 151.95 also in sight.
The RSI is showing...
