RSI Offers Bearish Signal Ahead of Powell Testimony
EUR/USD Rate Talking Points EUR/USD struggles to hold its ground ahead of the update to the US Consumer Price Index (CPI), and the exchange rate may continue to give back… Read more »
Tag: RSI
Bull Flag Takes Shape as RSI Breaks Out
Gold Price Talking Points The price of gold attempts to break out of the range-bound price action from the previous month, with the Relative Strength Index (RSI) highlighting a similar… Read more »
Buyers lurk around 23.6% Fibo. amid bullish RSI divergence
EUR/JPY refrains from declining below 23.6% Fibonacci retracement of the current month upside. Buyers await noticeable recovery to cheer bullish RSI divergence on the H4 chart. With the bullish RSI… Read more »
Gold Susceptible to Larger Correction as Bearish RSI Pattern Persists
Gold Price Talking Points The price of gold struggles to retain the advance from the start of the month amid hopes of a looming US-China trade deal, and failure to… Read more »
EURUSD Fails to Test 2019 Low, RSI Flashes Bullish Signal After ECB
EUR/USD Rate Talking Points EURUSD fails to test the 2019-low (1.0926) even though the European Central Bank (ECB) unveils a slew of new measures to insulate the monetary union, and… Read more »
Gold Price Outlook Mired by Bearish RSI Signal
Gold Price Talking Points The price of gold gives back the bullish reaction to the weaker-than-expected US Non-Farm Payrolls (NFP) report, with the precious metal at risk of facing a… Read more »
RSI Snaps Bullish Formation Following BoC Meeting
Canadian Dollar Talking Points USDCAD trades to fresh monthly lows following the Bank of Canada (BoC) meeting, and recent developments in the Relative Strength Index (RSI) foreshadow a further decline… Read more »
Gold Price Forecast Remains Bullish as RSI Approaches Overbought Zone
Gold Price Talking Points The price of gold remains bid even though China looks to negotiate with the US “in a calm manner,” and the precious metal may continue to… Read more »
RSI Offers Bullish Signal for British Pound
British Pound Talking Points GBPUSD breaks out of the range-bound price action from earlier this month, with recent developments in the Relative Strength Index (RSI) foreshadowing a larger correction in… Read more »
GBPUSD Rate Rebound in Focus as RSI Climbs from Oversold Territory
British Pound Talking Points GBPUSD attempts to retrace the decline from earlier this month even though the UK repeals the European Communities Act from 1972, and recent price action raises… Read more »