Activity

  
Avatar

Up Trend


After forming a bullish engulfing candlestick pattern on the daily chart on Tuesday, the USDCAD pair continued to advance yesterday and finished above the 20day SMA (currently placed at 1.2727/30) at 1.2870, after hitting a high at 1.2887. Daily RSI and stochastic indicators are showing loss of upward potential, suggesting at a bearish technical picture. A possible signal line crossover from above by the 2H MACD coupled with the RSI and stochastic grinding lower, reflects at a weak intraday bia…
Read full story
Translate to English Show original
Avatar

Up trend

Read full story
Translate to English Show original
Avatar

Up trend


[…
Read full story
Translate to English Show original
Avatar

Up trend


he EURJPY pair traded with a bullish tone in the last session and settled at 122.95, following a high at 123.56. On the daily chart, the RSI is heading north while the stochastic is moving lower, hinting at a mixed technical outlook. However, 2H & 4H RSI and stochastic indicators are pointing downwards, suggesting at bearishness over intraday basis. Key support to be watched is located at the 2H 20SMA (currently placed at 122.84/80), followed by the next ones at the 122.64/60 and 2H lower Bolli…
Read full story
Translate to English Show original
Avatar

UP Trend

After forming a bearish engulfing candlestick pattern on the daily chart on Tuesday, the AUDUSD pair traded lower for a second consecutive session yesterday and closed at 0.7457, following a low at 0.7447. Daily RSI and stochastic indicators are trading with a bullish tone, hinting at the presence of bullish momentum in the coming session. Formation of a bullish harami candlestick pattern on the 8H chart coupled with the RSI & stochastic indicators sharply pointing north, further validating the …
Read full story
Translate to English Show original