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...