Bullish Gold Price Outlook Mired by Recent Developments in RSI
Gold Price Talking Points The price of gold may continue to retrace the decline from earlier this month as the precious metal holds above the January low ($1517), but recent… Read more »
Tag: RSI
NZD/USD Rate Outlook Undermined by Bearish RSI Behavior
New Zealand Dollar Talking Points NZD/USD attempts to retrace the decline from earlier this month, but the exchange rate may continue to chip away at the correction from the 2019… Read more »
Gold Tests for Support as RSI Sits in Overbought Territory
Gold Price Talking Points The price of gold holds above the monthly low ($1518) despite easing tensions between the US and Iran, and the precious metal may test for support… Read more »
Sellers lurk around 61.8% Fibonacci amid overbought RSI
GBP/USD stays mildly bid below near-term key resistance, above 200-bar SMA. Overbought RSI conditions, repeated failures to clear the upside barrier indicate a pullback. GBP/USD trades modestly changed to 1.3255… Read more »
Bullish AUD/USD Behavior to Persist as RSI Pushes Into Overbought Zone
Australian Dollar Talking Points There appears to be a shift in AUD/USD behavior as it closes above the 200-Day SMA (0.6900) for the first time since 2018, and recent developments… Read more »
All eyes on resistance-turned-support amid overbought RSI
AUD/JPY seesaws around the multi-month top, prices recently completed five consecutive positive weeks. A three-week-old rising support line could challenge sellers during the pullback. AUD/JPY trades around 76.45 amid Monday’s… Read more »
Overbought RSI, 61.8% Fibonacci check buyers
AUD/JPY retraces after a strong performance during the previous day. Sustained run-up beyond 200-DMA, 50% Fibonacci retracement favor the Bulls. A daily closing beyond 61.8% Fibonacci retracement becomes necessary for… Read more »
NZD/USD Correction Unravels as RSI Falls Back from Overbought Zone
New Zealand Dollar Talking Points NZD/USD struggles to retain the advance from the monthly low (0.6424), and recent developments in the Relative Strength Index (RSI) warn of further losses as… Read more »
EUR/USD Rate Forecast: RSI Offers Bearish Signal
EUR/USD Rate Talking Points EUR/USD continues to pullback from the weekly high (1.1175) despite another uptick in Germany’s IFO Business Climate survey, and the exchange rate may exhibit a more… Read more »
USD/CAD Rate Fails to Test October, RSI to Offer Bearish Signal
Canadian Dollar Talking Points USD/CAD struggles to hold its ground following the failed attempt to test the October high (1.3348), and the Relative Strength Index (RSI) may offer a bearish… Read more »