Stability below inverted flag warrants downside to near 0.9450

A downside break of an inverted flag has bolstered the Swiss franc bulls. The 20- and 50-EMAs are trending southwards, which signals a bearish bias. The RSI (14) has shifted into a bearish range which adds to the downside filters. The USD/CHF pair is juggling in a narrow range of 0.9581-0.9625 in the early Asian … Read more

Advances towards 1.3000 on symmetrical triangle breakout

A symmetrical triangle breakout has strengthened the greenback bulls for an upside move towards 1.3000. The formation of positive diversion on the RSI (14) has confirmed a bullish reversal. The greenback bulls have surpassed the 50-EMA which confirms a short-term uptrend. The USD/CAD pair has overstepped the crucial hurdle of 1.2963 firmly in the Asian … Read more

Bull cross represents by 20- and 50-EMAs supports kiwi

Kiwi bulls look firmer above 23.6% Fibo retracement placed at 0.6286. The 20- and 50-period EMAs have displayed a bull cross at 0.6265, which strengthens the antipodean. A determining move by the RSI (14) above 60.00 will confirm an upside momentum. The NZD/USD pair has turned sidesways after a vertical upside move on Wednesday. The … Read more

Pullback looks likely towards 0.6430, downside remains favored

A pullback towards the supply zone in a 0.6420-0.6423 range will be a bargain sell. The RSI (14) has shifted into a bearish range of 20.00-40.00, which bolsters the greenback bulls. The 20- and 50-EMAs are sloping lower, which adds to the downside filters. The NZD/USD pair is juggling in a narrow range of 0.6382-0.6391 … Read more

Turns sideways on momentum loss, 200-EMA stays solid

Aussie bulls look firmer above the 200-EMA at 0.7153. A Symmetrical Triangle formatting is advocating a rangebound move ahead. The RSI (14) has shifted into the 40.00-60.00, which signals a volatility contraction. The AUD/USD pair has to witness a minor rebound after slipping below the crucial support of 0.7200 in the late Tokyo session. On … Read more

Pound bulls look firmer above 200-EMA, 1.2700 eyed

The formation of a Rising Channel is advocating pound bulls. A break above the 200-EMA for the first time in the past three months adds to the upside filters. The RSI (14) is established in a 60.00-80.00 range, which signals more gains ahead. The GBP/USD pair is witnessing topsy-turvy moves in a narrow range of … Read more