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Gold advances near 1,300; indicators look positive. Gold is extending its gains today and is currently trading near the 1297 resistance level. The price has also increased distance above the bullish cross of the 20- and 40-simple moving averages (SMA), indicating that the recent upside move might hold for longer. Momentum signals
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EUR/USD makes a soft rebound above a 21-month low. EUR/USD moved lower in the previous week but it managed to hold above the 21-month low of 1.1175, remaining in a downward sloping channel over the last three months. Prices hold below the red Tenkan-sen line, which is pointing down, suggesting a
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USD/CAD hovers into Ichimoku cloud; neutral in the short term. USD/CAD has gained some momentum this week and rebounded around the 1.3295 support for the third time since the start of March and is trying set to exit the Ichimoku cloud. Moreover, the price found strong obstacle around the 20-day simple
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USD/ZAR posts new high, turns neutral in the medium term. USD/ZAR recovered significant ground in recent months, climbing above both it's 50- and 200-day simple moving averages (SMA) to post a new five-month high of 14.74 last week. Even though the pair retreated a little afterward, the new high at 14.74
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Euro Stoxx 50 index (EU50) looks overbought above uptrend line; golden cross forming. The blue-chip Euro Stoxx 50 stock index restored bullish dynamics after meeting resistance at the 200-day moving average (MA) and hit a six-month high of 3,440 on Wednesday. While the RSI and the fast stochastics are warning over
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S&P 500 index (US 500) eases after it hit fresh 6-month high. The S&P 500 stock index is edging slightly lower after finding strong resistance at the fresh six-month high of 2885 that it completed on Wednesday. The price retains bullish action as it holds above the 50- and 200-day simple
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NZD/USD weakens the momentum; lacks clear direction. NZD/USD found strong obstacle at the short-term simple moving averages, driving the price beneath them. However, the pair is gaining some momentum, with the Stochastics returning to the upside and the MACD heading above the trigger line but still below the zero level, though
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USD/JPY capped by 200-day MA; bias positive-to-neutral. USD/JPY bounced back above 111 this week but the 200-day moving average (MA) managed to hold the bulls under control, with the market now set to close with minimal weekly gains. The short-term bias looks positive-to-neutral under the technical perspective as the RSI is
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GBP/JPY jumps higher but remains within a narrow range in the near term. GBP/JPY is looking bullish in the short-term narrow range, which has been holding since February 19, with upper boundary the 148.60 resistance and lower boundary the 143.70 support level. During yesterday’s trading session, the price successfully surpassed the
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EUR/JPY advances inside Ichimoku cloud; descending channel holds. EUR/JPY is trading higher in the 4-hour chart after it posted a bullish cross within the 20- and 40-simple moving averages (SMA). The RSI indicator is pointing to the upside in the bullish area, while the MACD oscillator is trying to strengthen its
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