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S&P 500 (US 500) finds roof at 11-week high; holds above SMAs. The S&P 500 index has finally reversed to the upside last Friday after flirting with the 50-period simple moving average (SMA) around 2,906. The upward pattern started at the end of March, but the market needs to beat the immediate
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USD/JPY lies near the ascending line; bullish profile in the short-term. USD/JPY has been developing near the three-week ascending trend line over the last sessions, finding support at the 23.6% Fibonacci retracement level of the down leg from 111.70 to 105.98 at 107.33. The pair seems to be bullish in the very
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The Dow Jones 30 (US 30) index is creating a sideways channel with an upper boundary the 24,913 resistance and lower boundary the 22,900 support. The index is still developing above the 50-day simple moving average (SMA), however, the MACD oscillator is flattening in the positive region and the RSI is
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USD/CAD is in a trendless state within a horizontal channel since the pullback from the 4-year high of 1.4667, confined by the 1.4218 top and the 1.3854 level. Technically, the neutral bias could stay in place in the short-term as the MACD is barely moving around its zero and signal lines, while the RSI has
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AUD/USD continues to send bullish signals in the daily timeframe as the price further enhanced its two-month-old uptrend after stepping on the 0.6400 level and printing another higher high at 0.6615 on Wednesday. In the short-term, some weakness cannot be ruled out as the price is hovering around the upper Bollinger band and the
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EUR/JPY rests near the descending line, suggesting upside tendency. EUR/JPY is revisiting the descending trend line, which has been standing since January 16, despite the upside break at the end of March. The bullish picture in the very short-term looks to last for a while longer if prices overcome the critical line
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USD/CAD in horizontal mode; dives below flat MA’s. USD/CAD lost ground once again within a sideways market – that begun around April 6, – falling under the directionless simple moving averages (SMAs) and the 1.4011 level, that being the 38.2% Fibonacci retracement of the up leg from 1.2951 to the 50-month
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USD/JPY flirts with 23.6% Fibonacci; lacks direction in the near term. USD/JPY successfully surpassed the short-term simple moving averages (SMAs) in the 4-hour chart but the outlook remains neutral as it failed to jump above the 23.6% Fibonacci retracement level of the down leg from 111.70 to 105.95 at 107.33. The
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S&P 500 index (US 500) breaches MAs, attempts to resume the climb. S&P 500 stock index in previous sessions found a foothold at the advancing 200-period simple moving average (SMA) currently at the 2,789 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time-high of 3,396.64 till
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Gold unlocks new 7½-year high; positive outlook on cards. Gold prices surged to a fresh seven-and-a-half-year high of 1,763.58 earlier today, shifting the outlook from neutral to bullish. The strong upside rally is confirmed by the technical indicators which are gaining momentum. The MACD recorded a bullish crossover with its trigger line
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