GBP/USD at resistance. New sell-off?
The GBP/USD pair rallied in the short term as the US reported lower inflation today. The bias is bullish, so a new upside movement was natural. In th…
Showing posts with the label resistanceShow all
Japanese Yen Forecast: High Bar for USD/JPY to Crack Resistance
US Dollar, Japanese Yen, USD/JPY – Outlook: USD/JPY TECHNICAL OUTLOOK – NEUTRAL Developments on the technical charts suggest that the bar is rising …
Dollar strengthens and pushes Dollar index above short-term resistance.
Red line -resistance (broken) Blue line- bullish divergence The Dollar index is trading above the upper wedge boundary. Price is showing signs of …
Oil steadies, gold eyes resistance
Oil steadies after strikes in Poland Oil prices are softer on Wednesday after a brief bout of volatility late Tuesday following reports of missile …
Trading Signal for GBP/USD on November 11-14, 2022: sell below 1.1780 (strong resistance - 21 SMA)
Early in the American session, the British Pound (GBP/USD) is trading at around 1.1760 and above 8/8 Murray (1.1718). We can see a strong bullish bi…
EURUSD extends above the 200 hour MA/trendline resistance
100 hour MA at 0.99688 EURUSD runs above the 200 hour MA The EURUSD has now moved above the 200 hour MA and a topside trend line after brea…
The USDCAD is higher again, but some upside resistance at 2022 high stalls the rally
Key level at 1.3160 - old trend line USDCAD backs off from 2022 highs The USDCAD moved to a high of 1.3207 today and in the process got wit…
AUDUSD got the break higher after holding some key support. Resistance target stalls rise.
Correct to the 38.2% of the move down from the August high AUDUSD holds floor support but stalls at 38.2% on correction In the morning fore…
MA stock price gets rejected at major resistance.
Red line - resistance Green line- support In a recent analysis of ours about our technical view on the chart of MA stock, we warned traders that p…
USDCHF moves into topside swing area resistance
The 61.8% retracement is also being tested USDCHF trades to retracement and swing area resistance The USDCHF is trading their high levels i…
USDJPY corrects higher and moves toward intraday resistance
Yields bounce off low levels US 10 year yield bounces higher The US yields have seen a bounce back to the upside which helped to slow the U…
EURUSD breaks above key resistance.
Green line- resistance (broken) Blue lines- Fibonacci extension targets EURUSD has broken above 1.0285 key resistance and provided a bullish signa…
Trading Signal for USD/JPY for August 10 - 11, 2022: sell below 132.81 (5/8 Murray - strong resistance)
Early in the American session, the Japanese yen fell below the psychological level of 135.00. A few days earlier, USD/JPY was consolidating within a …
Trading Signal for GOLD (XAU/USD) for August 2 - 3, 2022: sell below $1,785 (weekly resistance - 5/8 Murray)
Early in the American session, gold (XAU/USD) broke the line 5/8 Murray and is now testing the weekly resistance at 1,785. Gold maintains its uptren…
EURUSD backs off resistance, but price action remains contained as buyers/sellers battle.
The EURUSD remains contained within the trading range with buyers and sellers battling it out. The ECB decision is tomorrow which will impact the …
Bitcoin: attention at resistance
Bitcoin rallied in the short term and now is trading at 20,859. It has climbed as much as 21,017 today where it has found temporary resistance. BTC/U…
Support & Resistance
The Support & Resistance MetaTrader indicator can display the support and resistance lines that the price forms on a certain time frame. These ca…
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