Technical Analysis / Page 272

Technical Analysis – AUDUSD returns above 200-MA, minor uptrend intact

Posted on March 10, 2022 at 9:11 am GMT

AUDUSD has pushed back above the 0.7300 handle and is recouping previously lost ground following the pullback from the 0.7431-0.7474 resistance border. The longer-term SMAs continue to retain a negative bearing but the 50-day SMA, which has been developing a positive incline, is hinting that the positive trajectory in the pair is sturdy for now. The short-term oscillators are mixed but are leaning slightly towards a continued upside development in the price. The MACD, in the positive region, is persisting [..]

Technical Analysis – US 30 index dives below SMAs in short-term

Posted on March 10, 2022 at 8:50 am GMT

The US 30 (cash) index failed again to touch the one-year low of 32,200 and returned higher but the near-term bias is still bearish. The 40- and the 200-day simple moving averages (SMAs) posted a death cross, confirming the bearish outlook. The RSI indicator is flattening below the 50 level, while the %K and the %D lines are ticking higher after the bullish cross. Further losses should see the latest low of 32,200 being tested before tumbling to the next support level of 30,530. If the [..]

Technical Analysis – EURUSD crosses above its 50-SMA; outlook remains bearish

Posted on March 10, 2022 at 8:38 am GMT

EURUSD has powered back higher, crossing above its 50-period simple moving average (SMA) as positive momentum resurfaced. However, the pair continues to record successive lower lows and lower highs, supporting its overall bearish outlook. Short-term momentum indicators reflect a positive bias for the index, as the RSI is hovering above its 50 neutral mark. The MACD is found above zero and its red signal line, which indicates that the positive momentum in the price might be gaining further steam. The [..]

Technical Analysis – NZDUSD neutral with bullish potential

Posted on March 10, 2022 at 8:23 am GMT

NZDUSD shifted to the sidelines after Monday’s advance faltered near the 200-day simple moving average (SMA) and at a three-month high of 0.6924. Despite yesterday’s festive mood in the FX space, the pair could barely extract any gains, remaining constrained within its weekly range and the 0.6800 territory. That said, the technical picture is still promising. The 20- and 50-day SMAs have registered a bullish cross for the first time since October, while the RSI and MACD oscillators maintain a [..]

Technical Analysis – Google’s stock bounces back after decline

Posted on March 10, 2022 at 8:22 am GMT

Google’s share price has been trending downwards in the short term, generating a clear structure of lower highs and lower lows. However, the stock managed to pare part of its losses since further downside moves were rejected at the lower Bollinger Band. The momentum indicators suggest that the stock’s near-term bias is turning cautiously positive. The stochastic oscillator has posted a bullish crossover, while the RSI is charging higher and seems ready to overpass the 50-neutral threshold. Should the positive [..]

Technical Analysis – XRPUSD aims for a bullish triangle breakout

Posted on March 9, 2022 at 4:35 pm GMT

XRPUSD (ripple crypto) has been oscillating back and forth within the 0.7000 – 0.800 region so far this month, of what looks to be now transforming to a symmetrical triangle. While that kind of triangle is a neutral signal for the market, and the bearish crosses within the simple moving averages (SMAs) on the four-hour chart are dashing hopes for any trend improvement, the good news is that the price is set for a close above the triangle’s upper trendline [..]

Technical Analysis – Gold corrects to 1,975 level but bullish risks linger

Posted on March 9, 2022 at 3:34 pm GMT

Gold’s negative impetus has eased after an aggressive retreat down to the 1,975 level, which is the 50.0% Fibonacci retracement of the up wave from 1,878 until the 19-month high of 2,070. That said, the climbing simple moving averages (SMAs) continue to endorse the more than one-month bull run. The short-term oscillators are reflecting the recent increase in negative momentum. The MACD, deep in the positive region, is falling further below its red trigger line, while the strong negative charge [..]

Technical Analysis – EURCHF posts bullish correction above 7-year low

Posted on March 9, 2022 at 11:22 am GMT

EURCHF is posting its third consecutive green day following the rebound off the seven-year low of 0.9970. The pair is ready to hit the red Tenkan-sen line of the Ichimoku cloud at 1.0208, and if there is a successful move beyond it, it may confirm a bullish correction. The RSI is pointing upwards below its 50 neutral level, while the MACD is weakening its negative momentum below its trigger line. Any moves higher could initially retest the 1.0300 psychological level ahead of the 20- and 40-day simple moving averages [..]

Technical Analysis – USDJPY nears 116 mark as bullish pressures increase

Posted on March 9, 2022 at 9:47 am GMT

USDJPY is creeping higher toward the 116.00 handle and the five-year high of 116.34 after recently bouncing off the Ichimoku cloud. The bullish simple moving averages (SMAs) are defending the broader positive structure. Currently, the Ichimoku lines are not exhibiting a convincing directional force, while the short-term oscillators suggest positive momentum is strengthening. The MACD, in the positive region, has pushed back above its red trigger line, while the RSI is improving in bullish territory after vibrating around the 50 [..]

Technical Analysis – Nvidia’s stock crosses below its 200-SMA; bearish outlook

Posted on March 9, 2022 at 8:43 am GMT

Nvidia’s stock has taken a heavy hit over the last few trading sessions, crossing below its 200-day simple moving average (SMA) as negative forces linger. Moreover, the stock continues to be trading below its November downtrend line, supporting an overall bearish outlook. The short-term momentum indicators are reflecting a negative bias too as the RSI is steady below its 50 neutral mark. Also the MACD is found below zero and below its red signal line, which indicates that the negative [..]

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