RSI Triggers Overbought Signal Ahead of FOMC
Gold Price Talking Points The near-term breakout in the price of gold appears to have stalled ahead of the 2018-high ($1366), but recent developments in the Relative Strength Index (RSI)… Read more »
Tag: RSI
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 »
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 »
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 »
Sellers wait for 5-week old resistance-line, overbought RSI to sneak in
The near-term upside can be questioned by immediate trend-line, overbought RSI. 1.0550 seem immediate support during the pullback. The AUD/NZD pair’s recovery from 1.0495 might find it hard to remain… Read more »
USDCAD Bull Trend Unravel, RSI Approaches Oversold Territory
Canadian Dollar Talking Points USDCAD stands at risk of exhibiting a more bearish behavior ahead of the Federal Reserve interest rate decision on June 19 as the exchange rate snaps… Read more »
Rises above 200-HMA, RSI favors further gains
USD/JPY is printing session highs above the 200-hour moving average (MA). The 14-day RSI is reporting a descending channel breakout. The USD/JPY pair is solidly bid at press time amid… Read more »
Struggles to hold the rally amid overbought RSI
The overbought RSI, near-term resistance question buyers. Near-term support-line in the spotlight. Having flashed the fresh five-month on Monday, the EUR/GBP pair struggles to extend the northward trajectory as it… Read more »
Gold Price Breakout Triggers Overbought RSI Reading
Gold Price Talking Points The recent breakout in the price of gold appears to be gathering pace as Federal Reserve officials respond to the shift in U.S. trade policy, and… Read more »
Buyers again aim for 61.8% Fibo. amid overbought RSI
Overbought RSI can again question optimists around 61.8% Fibonacci retracement. 200-day SMA offers strong downside support. Despite failing to clear 61.8% Fibonacci retracement during late-Friday, EUR/GBP again aims to conquer… Read more »