Technical Analysis / Page 292

Technical Analysis – AUDUSD refreshes downward forces, bearish risks grow

Posted on January 27, 2022 at 10:04 am GMT

AUDUSD has dipped back beneath the Ichimoku cloud rekindling the dominant bearish tone, after the 100-day simple moving average (SMA) directed the price lower. The gradual decline in the SMAs is suggesting the downward trend in the pair may endure. The Ichimoku lines are indicating that negative forces have been jump started, while the short-term oscillators are skewed to the downside. The MACD is pushing lower beneath its red trigger and zero lines, while the RSI is gliding lower in [..]

Technical Analysis – USDCHF unlocks 2-week high with strong rally

Posted on January 27, 2022 at 9:13 am GMT

USDCHF is rallying to a fresh two-week high of 0.9868, creating several bullish sessions. The price overcame the short-term simple moving averages (SMAs) with the technical indicators holding in the overbought region. The RSI is ticking up above the 70 level, while the stochastic is pointing upwards with strong momentum. Immediate resistance is coming from the 0.9275 barrier before touching the 0.9294 high, registered in December 2021. Moving higher, the 0.9373 may halt the bullish movements, achieved in November 2021. [..]

Technical Analysis – EURUSD hits the lower Bollinger Band; bearish forces linger

Posted on January 27, 2022 at 8:44 am GMT

EURUSD continues its retreat from its January high amid persisting negative forces. Moreover, the 50-period simple moving average (SMA) is looking ready to cross below the 200-period SMA, increasing fears of a sustained bearish outlook. However, the pair is trading below its lower Bollinger Band indicating that an immediate upside move should not be ruled out. Short-term momentum indicators are reflecting a mixed picture for the index. The MACD is found below zero and its red signal line, suggesting that [..]

Technical Analysis – USDCAD crosses above 200-SMA as positive momentum strengthens

Posted on January 27, 2022 at 8:39 am GMT

USDCAD has been marching higher in the last few four-hour sessions, jumping above its 200-period simple moving average (SMA) amid intensifying positive momentum. Therefore, despite experiencing a minor pullback, the pair seems to be resuming its short-term upside trajectory. The momentum indicators reinforce that positive forces have gained the upper hand. The MACD histogram has crossed above its red signal line in the positive territory, while the RSI is hovering just above the 70-overbought mark. Moreover, the price is currently [..]

Technical Analysis – NZDUSD worsens bearish status below channel

Posted on January 27, 2022 at 8:31 am GMT

NZDUSD plunged below the 10-month-old descending channel early on Thursday, powering its broad bearish trend towards an almost 15-month low of 0.6594. Oversold conditions are present according to the RSI and the Stochastics, though the former is just piercing its 30 level and the latter shows no sign of improvement below 20. Hence, an upside reversal in the price could come with some delay, as the negative momentum in the MACD also reflects. A close below the 0.6600 round level could generate [..]

Technical Analysis – Tesla stock rises again but will the bounce hold?

Posted on January 26, 2022 at 4:23 pm GMT

Tesla’s stock switched back to the green territory this week following the quick rebound on the 200-day simple moving average (SMA) at 855, with the price currently battling for a break above the 950 key level ahead of the company’s earnings release (after the market close). The latest upside reversal in the RSI and the Stochastics is still under examination given that the MACD continues to lose ground below its zero and signal lines. What is even more discouraging is the progressing [..]

Technical Analysis – US 100 index’s decline halts but outlook remains bearish

Posted on January 26, 2022 at 10:05 am GMT

The US 100 stock index (cash) has been experiencing a major sell-off since the beginning of the year but recently the price managed to cease its dip at the 13,720 region. Although the index has not yet managed to recoup a significant part of its losses, positive momentum seems to be strengthening. The momentum indicators are endorsing the cautiously positive near-term bias. The stochastic oscillator is sloping upwards after posting a bullish crossover, while the RSI has managed to rebound from the [..]

Technical Analysis – Apple stock ticks up ahead of earnings session

Posted on January 26, 2022 at 9:42 am GMT

Apple stock is releasing its earning on January 27 and has been in a descending movement after the pullback off 182.75. However, it is creating a positive movement over the last few sessions. The price is finding strong support at the 100-day simple moving average (SMA), remaining beneath the Ichimoku cloud. The MACD oscillator is losing ground below its trigger and zero lines, while the RSI is approaching the oversold territory. If the stock moves higher, the next resistance could [..]

Technical Analysis – USDJPY constricted by MAs but bearish tone yet to dominate

Posted on January 26, 2022 at 9:36 am GMT

USDJPY is currently being squeezed between the 50- and 100-day simple moving averages (SMAs), also finding its feet on the lower Bollinger band in recent sessions, following the correction from the 5-year high. The longer-term SMAs continue to endorse the broader uptrend, while the slightly weakened incline of the 50-day SMA is reflecting the latest retreat in the pair. The short-term oscillators are sending mixed messages in directional momentum. The MACD is falling beneath its red trigger and zero lines, [..]

Technical Analysis – GBPJPY meets resistance at 200-SMA; bearish forces persist

Posted on January 26, 2022 at 8:47 am GMT

GBPJPY continues its retreat from its early-January high amid persisting negative forces. Moreover, the pair has recently crossed below its 200-period simple moving average after breaking under its 50-period SMA, supporting its cautiously bearish outlook. Short-term momentum indicators are reflecting a mixed picture as the RSI is located below its 50 neutral mark. However, the MACD is found above its red signal line despite being in negative territory, which indicates that the negative momentum might be fading. Should the bears [..]

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