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Relative Strength Index (RSI)

Analyzing GBP/USD: Price Continues Downward TrendIn Wednesday's US trading session, the GBP/USD pair plunged to a two-month low at 1.2520 after the release of CPI inflation data. This increased selling pressure and raised concerns about the UK's economy and monetary policy. Despite some signs of short-term adjustment, GBP/USD continues its downward trend, as evidenced by prices declining towards the Simple Moving Averages (SMA). Furthermore, the Relative Strength Index (RSI) saw a higher increase during the European trading session, but it still remains below 40, indicating strong selling pressure. A minor short-term adjustment and rally are expected, but it is not strong enough to change the downward trend of this currency pair.
by Stephen_Anders
Technical Analysis: Signs of Price Adjustment in EUR/USDIn Thursday's trading session, the EUR/USD pair lost momentum, dropping to around 1.0745 due to the CPI inflation data boosting the value of the US Dollar (USD) and exerting pressure on the EUR/USD pair. The decision on interest rates by the European Central Bank (ECB) is expected to maintain stability at record high levels. From a technical standpoint, on the 4-hour chart, the EUR/USD continues to show downward prospects as it remains below the Simple Moving Averages (SMA), a clear sign of the strength of the downward trend. The Relative Strength Index (RSI) has also decreased to near oversold levels around 32, indicating the potential for a price correction to the upside.
by Daisy_Anna
"EUR/USD Analysis: Price Fluctuations in the Upcoming PeriodIn Thursday's Asian trading session, EUR/USD pair remained around the 1.0740 level. Following the release of CPI inflation data, the US Dollar (USD) strengthened significantly, exerting pressure on this currency pair. On the 1-hour chart, the Simple Moving Average (SMA) 20 is trending downwards, indicating that the downward trend may continue. This signals a negative outlook for the price of this currency pair. Additionally, the Relative Strength Index (RSI) is in overbought territory, suggesting that the price may undergo a correction and rebound from previous declines. This could alter the direction of the currency pair in the near future.
by Stephen_Anders
Gold Price Fluctuations Following US CPI Inflation DataIn Wednesday's US trading session, the sharp decline of Gold after reaching a new peak at $2,365 has rendered the market unstable and caused sudden volatility. This was spurred by the release of US Consumer Price Index (CPI) data, generating uncertain signals in the market. However, upon examining the 4-hour time chart, we can still observe signs of maintaining the upward trend. The Simple Moving Average (SMA) is still trending upwards with a steep slope and no signs of adjustment. Simultaneously, the Relative Strength Index (RSI) remains stable around the 60 level, indicating diminishing selling pressure after the market has calmed down. This stability could be a signal that prices are likely to surge in the near future.
OANDA:XAUUSD
by Daisy_Anna
Technical Analysis: Market Fluctuations XAUUSDXAU/USD dropped sharply after reaching a new high of 2.365 USD in Wednesday's US trading session following the release of US Consumer Price Index (CPI) data, which unsettled the market and caused sudden volatility. Analysis from the 4-hour chart indicates that XAU/USD is trading below both the simple moving averages (SMA) 20 and 50. This is a clear sign of selling pressure in the market. If the price continues to decline and crosses below the SMA 100, we may witness an extended period of price decline. Furthermore, the Relative Strength Index (RSI) is trading around the 50 level, indicating a balance between buying and selling. If the price continues to trade around this level and drops below the 40 level, we might see a new downward trend in the market.
OANDA:XAUUSD
by Stephen_Anders
Technical Analysis Signals Strong Bullish Trend for USD/JPYIn the past two days, USD/JPY has maintained below 152.00. However, after the release of the United States' Consumer Price Index (CPI) data, this currency pair underwent a sharp increase, surpassing the 152.00 threshold and reaching 152.64. Based on technical indicators, we can observe that the USD/JPY price is experiencing a strong upward trend. This upward movement is illustrated by the price surpassing the Simple Moving Averages (SMA) by a significant margin, indicating a robust and stable uptrend. Furthermore, the Relative Strength Index (RSI) is also indicating overbought conditions, suggesting that the market may undergo a short-term correction before a strong upward momentum resumes.
by Daisy_Anna
SPY Channel BreakThe S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological level for traders especially going into the end of the week. If bulls are still serious about the bull market they'll defend $500. The PPO trend indicator shows the green PPO line trending below the purple signal line which indicates a short-term bearish bias in price. The trend would be considered bearish in the medium to long-term if both lines cross below the horizontal 0 level. The TSI momentum indicator shows the green RSI line trending below the purple signal line which indicates a short-term neutral trend or slowdown in momentum. The RSI line crossing below the horizontal 50 level also indicates a short-term slowdown in momentum. The green RSI line is also trading below its lower Bollinger Band; in general you want to be short when the RSI line is below the lower BBand. With the hot inflation numbers that came out traders are probably starting to realize that there likely won't be a rate cut by the Federal Reserve in June, and maybe no cuts at all this year. The Fed is responsible for maintaining steady prices and low unemployment. Until unemployment rises the Federal Reserve is not likely to cut rates with persistent inflation.
AMEX:SPYShort
by PrepForProfit
NIFTY DAILY - 10/4/2024Nifty opens gap up and traded range bound throughout the session. Nifty made new record high in last trading hour. Index has formed a small body green candle with upper and lower shadows. Currently RSI is trading at 67. Nifty is able to break the resistance of 22720 level so, further resistance can be 22863 level with support of 22518 level. Today’s Advance Decline ratio of NIFTY50 Advance - 32 Decline - 18 FII Sell + 2278.17 crore DII Buy + 163.36 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
GBP/USD Plummeting in US Session Following US Inflation DataThe GBP/USD currency pair has shifted from an upward trend to a sharp downward trend, pushing the decline to the crucial level of 1.2600 during Wednesday's US trading session. This is a result of the strength of the US dollar, particularly following the release of inflation data from the United States. On the 4-hour chart, the Relative Strength Index (RSI) has decreased to around the 40 level, a clear indication of the consolidation of the downward trend. Additionally, the price has crossed and touched the simple moving averages (SMA), a strong signal indicating that the downward trend may continue in the near future.
by Daisy_Anna
GBP/USD Continues Sideways Amid US CPI DataThe British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the 4-hour chart, the Relative Strength Index (RSI) indicates that this currency pair remains high and nearing overbought levels. This suggests a strong upward trend and the potential for continued price increases for GBP/USD.
by Stephen_Anders
Technical Analysis: Potential Upside for EUR/USD In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index (RSI) continue to support the upward trend of the EUR/USD pair. Prices are trading above the SMA lines, while the RSI is above the 50 level, indicating a slight upward trend. Sustaining prices around this level and the RSI advancing towards the 60 mark could lead to a stronger upward momentum in the near future.
by Daisy_Anna
Crossover Trade - NMDC📊 Script: NMDC 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 Already Crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 224 🟢 Target 🎯🏆 - 243 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NMDCLong
by radha_23
Analyzing Gold Price Trends: Downtrend or Upwardtrend The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index (RSI) is trading near overbought levels, but it's uncertain whether prices will adjust towards the 20-day Simple Moving Average (SMA). Any downward adjustments could find strong support at $2,300, and if prices continue to decline, XAU/USD may be pushed towards significant support levels around $2,267-$2,265.
OANDA:XAUUSD
by Stephen_Anders
Analyzing Short-Term Trend Correction of USD/JPY In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may be accelerating, potentially leading to a more significant correction in the downward trend. Furthermore, the Relative Strength Index (RSI) is trading around the level of 40, indicating that the strength of the downward momentum is still being maintained. If the price continues to trade within this range and further declines, it could indicate that a strong downward trend is forming.
by Stephen_Anders
Analysis Trend Maket of USD/JPYUSD/JPY began to retreat after reaching a high of 152.00 in Tuesday's US trading session, bringing the pair down to 151.75. This adjustment followed comments from BoJ Governor Ueda. On the chart, technical indicators have shown signs of support for the downward trend. Specifically, prices have broken through the SMA 20 and SMA 50 moving averages, indicating a short-term downward phase. If prices continue to decline and surpass the SMA 100, a more significant downturn could be anticipated in the near future. However, USD/JPY remains volatile due to intervention from the Japanese government and the Bank of Japan (BoJ) in the forex market to stabilize the yen. The Japanese government has stated that it will not accept a decline in the yen at this level as it could impact businesses. Therefore, they tend to intervene in the price range between 150.00 and 152.00. Therefore, investors need to consider and analyze various factors such as global economic and political news along with fluctuations in the price of this currency pair to ensure the most effective trading.
by Daisy_Anna
GBP/USD's Strong Uptrend in the Upcoming PeriodGBP/USD is trading back and forth around the 1.2660 level and remains within the trading range of Monday. After breaking through this range, the price continues to rise strongly with no signs of a decline in the . Looking at the chart, we can see that both technical indicators, SMA and RSI, are supporting the upward trend for this currency pair. Especially the SMA 20, it is gradually trending upwards and is far away from other SMAs such as SMA 50 and SMA 100. This indicates that the price is in a prolonged uptrend. On the other hand, looking at the Relative Strength Index (RSI) indicator, we notice that it is in the overbought zone. This predicts that there may be a price correction, causing the price to retreat in the short term. However, this does not guarantee the end of the upward trend, but rather a minor adjustment before the price continues to rise strongly.
by Daisy_Anna
GBP/USD Forecast: Potential Upside in the Upcoming PeriodGBP/USD continues to move sideways, awaiting inflation data from the United States for a new direction. The GBP/USD exchange rate is trading around the 1.2660 level and remains within Monday's trading range. Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) are supporting an upward trend for this currency pair. The price is currently trading above the SMA, and the RSI is around 60, indicating a strong maintenance of the upward trend. If the price breaks above the 1.2660, it could continue to rise towards upper resistance levels. However, pressure from the US Dollar (USD) is keeping the price sideways. So, will the price continue to rise or fall? Let's discus
by Stephen_Anders
Technical Analysis: Positive Signals for EUR/USD GrowthEUR/USD is holding steady at 1.0850 at the beginning of Tuesday in Europe. This is explained by the weakening of the US dollar (USD), which has pushed the EUR/USD exchange rate sharply higher, once again bringing it back to the 1.0860 area at the start of the week. Based on technical indicators, we see positive signs for the rise of EUR/USD. The simple moving average (SMA) is adjusting prices and indicating signs of an upward trend. Additionally, the Relative Strength Index (RSI) is trading above the 50 level, which is also a positive sign. This index shows that buying pressure is increasing, potentially adding to the upward pressure on prices in the market. However, investors still need to carefully consider risk factors, including the global economic situation and political fluctuations. A thorough evaluation of potential profit and risk is the key to making effective investment decisions.
by Stephen_Anders
EUR/USD Market Analysis in the Upcoming PeriodEUR/USD is holding steady at 1.0850 at the start of Tuesday in the European trading session. The recent downturn of the US Dollar (USD) has pushed the EUR/USD exchange rate significantly higher, returning to the 1.0860 area at the beginning of the week. This is another evidence of the strong influence of the USD on the global market, as its fluctuations can cause major movements in the forex market. Furthermore, based on technical analysis, the price is currently trading above the Simple Moving Average (SMA) lines, with the SMA 20 trending upwards. This indicates that the upward trend is likely to be maintained strongly. However, it's important to remember that the market is always volatile and unexpected changes may occur. Therefore, closely monitoring and carefully evaluating new information and market developments are crucial to making well-rounded and effective trading decisions.
by Daisy_Anna
Descending Triangle Breakout - MAHLOG📊 Script: MAHLOG 📊 Sector: Logistics 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart. 📈 It is trading at upper band of BB and giving breakout of it. 📈 Already Crossover into MACD. 📈 Double Moving Averages giving Crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. Weekly Chart ⏱️ C.M.P 📑💰- 444 🟢 Target 🎯🏆 - 485 ⚠️ Stoploss ☠️🚫 - 428 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MAHLOGLong
by radha_23
3
Technical Analysis: Gold's Price ontinues to SurgeThe price of gold continued to soar to record highs at the beginning of the week in the Asian region. Subsequently, it underwent a correction to $2,303 before resuming its upward trajectory. In the Asian trading session on Tuesday, the price of gold maintained its upward momentum near $2,350. The increase in the price of gold is supported by the Federal Reserve's delayed interest rate hikes, keeping the US dollar on the defensive amid signals from officials at the Federal Reserve. The upward trend in XAU/USD is clearly depicted on the 4H chart, showing continuous growth above all its moving averages. The simple moving average (SMA) 20 has been steadily rising but remains much lower than the current level and higher than longer-term levels, indicating a clear upward trend. Additionally, the Relative Strength Index (RSI) is operating around overbought territory, forecasting the possibility of a price correction or at least a consolidation phase.
OANDA:XAUUSD
by Daisy_Anna
Gold Prices Surge Beyond $2,330 Amid Market VolatilityAfter surpassing the 2.300 threshold, the price of gold experienced a slight decline, but during the Friday trading session in the United States, the market witnessed a brief downturn. Subsequently, gold prices rebounded and continued to surge strongly, surpassing the 2.330 mark to establish a new peak. Despite positive indications of growth in the US Dollar (USD) continuing in the market, gold prices are still supported by political tensions in the Middle East region. From a technical standpoint, indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI) indicate that the upward trend is still being maintained. The SMA 20 is on a steep upward trajectory, with no clear signs of decline. Additionally, the Relative Strength Index (RSI) hovering around the 80 level indicates that the price surge is still robust. However, the RSI is currently in overbought territory, signaling that the market may undergo a period of price adjustment and transition into a downtrend phase.
OANDA:XAUUSD
by Ariana_alila
The price of XAUUSD Continued Surge Sets New HighsThe price of gold experienced a slight decrease after reaching the $2,300 mark. However, during the Friday trading session in the US, there was a brief downturn in prices. Nevertheless, it quickly rebounded, continuing its upward trajectory and reaching a new peak at $2,330. Despite signs of market support for the strengthening of the US dollar, XAUUSD continues to benefit from political tensions in the Middle East. From a technical perspective, key indicators such as SMA and RSI both clearly reflect the strength of the upward trend. The SMA 20 is still on the rise with a significant slope, showing no signs of decline. Meanwhile, the Relative Strength Index (RSI) is trading around the 80 mark, having surpassed the overbought threshold, indicating the robustness of the uptrend. However, it's worth noting that signals of excessive buying are emerging, demanding caution from investors.
OANDA:XAUUSD
by Daisy_Anna