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WTI futures create downside rally towards long-term ascending trend line. West Texas Intermediate oil futures plunged over the last sessions, moving towards the long-term ascending trend line in the 4-hour chart. Also, they hold below the 20- and 40- simple moving averages (SMAs), while the technical indicators are confirming the recent negative structure in the near-term. The RSI
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GBP/USD rallies to exit from sideways movement; bearish outlook in the medium-term. GBP/USD has reversed back down after the pullback on the 1.3255 resistance level, while it dipped sharply on Monday below the 23.6% Fibonacci retracement level of the down-leg from 1.4375 to 1.2660, near 1.3066. Also, cable is holding well below the 20-
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EUR/GBP jumps considerably; bullish correction may be in progress. EUR/GBP has advanced considerably today and is set to complete the third consecutive green day, recording a new two-week high near the 0.8850 resistance level. Short-term momentum indicators are supporting this bullish mood. The RSI is already above its neutral 50 line and
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Gold in neutral bias after challenging a 3-month high. Gold prices posted significant losses on Monday, diving below the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, which is ready to post a bearish crossover in the near future. The price holds in a neutral bias after the jump above of the
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EUR/USD holds above 1.1430 level but still below moving averages. EUR/USD rebounded on the 1.1430 support and on the 50.0% Fibonacci retracement level of the up-leg from 1.0340 to 1.2550 near 1.1450 on Friday, creating a sharp bullish day. Currently, the price seems to be steady and the technical indicators are
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DAX 30 (GER 30) index looking bearish in the short- and medium-term. The DAX 30 index has lost considerable ground after late August’s peak of 12,460.50, eventually falling to a near two-year low of 11,395.00 on October 11. It is currently trading approximately 200 points above this nadir. The Tenkan- and Kijun-sen
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EUR/AUD downside pressures intact in a sideways channel in the near-term. EUR/AUD has declined considerably over the last couple of weeks after it found strong resistance obstacle on the more than three-year top of 1.6350. The price dipped below the simple moving averages (20- and 40-SMA) which are ready to post a
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S&P 500 index finds support at trendline; outlook still cautiously positive. The S&P 500 index (US 500) posted considerable losses in early October, falling below its 50- and 200-day simple moving averages (MA) before finding support near a long-term uptrend line drawn from the lows of February 2016, and subsequently rebounding somewhat.
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GBP/JPY has been edging higher over the last couple of sessions in the 4-hour chart, following the rebound on the one-month low of the 145.80 support level. The RSI indicator is confirming this movement as it is approaching the threshold of 50. Furthermore, the %K line of the stochastic oscillator created
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FTSE China A50 (CHI50) stock index set for the biggest daily jump of the year; neutral in the short-term. FTSE China A50 stock index is currently building its biggest green candle of the year in the four-hour chart and in the daily timeframe as well, reversing losses which led the price to a one-month
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