Oversold RSI questions bears targeting 2016 low
Oversold RSI can trigger pullback to early June, 21-DMA. Break of the latest low can recall 2016 bottom on the chart. Failure to sustain the break of July 2016 lows,… Read more »
Tag: Bears
AUDUSD Chart Shows Bears in Control
AUDUSD TECHNICAL OUTLOOK – TALKING POINTS Spot AUDUSD tumbled 131 pips this past week following a hard rejection of the 0.7000 handle – a hefty area of resistance which previously… Read more »
Bears Need a Break Below the Weekly Support
GBP/JPY Price Outlook, Charts and Analysis Boris Johnson’s growing chances to be the UK’s next PM weigh on Sterling (GBP) price. Eyes on BOE Governor Carney’s speech today. GBP/JPY looking… Read more »
Ascending trend-line, channel support to challenge bears amid oversold RSI
Short-term supports could limit further declines amid oversold RSI. 200-HMA and 38.2% Fibo. restrict near-term upside. Despite trading near the week’s lows surrounding 122.15, EUR/JPY might find it hard to… Read more »
Bulls and bears jostle between 100-HMA, immediate support-line
100-HMA can limit bounce off 38.2% Fibonacci retracement. 10-day old ascending trend-line caps the downside. Having bounced off 38.2% Fibonacci retracement of May-end to June-start upside, the GBP/USD remains modestly… Read more »
200-HMA, 10-day long support-line on the bears’ radar, RSI oversold
The rise of the Japanese Yen (JPY), due to its safe-haven status, drags the quote to weekly lows. 200-HMA and short-term ascending trend-line appear on bears’ radar. Oversold RSI questions… Read more »
China Sends Warning Signal to Yuan Bears Before G20 Meeting By Bloomberg
© Bloomberg. Yi Gang Photographer: Qilai Shen/Bloomberg (Bloomberg) — China’s central bank is making it clear to yuan bears that short-term declines are no sure thing, especially in the run… Read more »
Bears keep lurking around latest highs, rising channel in play
Multiple failures to cross nearby high favor chances of pullback. Short-term ascending trend-channel can question heavy downpour. Despite following three-week-old ascending trend-channel, the EUR/GBP pair is still to cross latest… Read more »
USD Bears Getting ‘Hammered’ On Hopes Of Trade Turnaround
News that U.S. Congress could challenge Trump’s tariffs on Mexico saw a reversal of fortunes for a bruised , creating a series of potential reversal patterns for some U.S.D markets…. Read more »
WTI crude oil trades to new session lows. Bouces but bears still in control.
Bearish inventory data pressures the price The weekly DOE inventory data showed a larger than expected build in inventories (6771K vs -2000K expected). That sent the price of crude oil… Read more »