BTC/USD registers a four-day decline for the first time since September, with the recent decline in Bitcoin pulling the Relative Strength Index (RSI) below 70 to indicate a textbook sell signal.
BTC/USD Outlook
BTC/USD trades to a fresh weekly low ($62340) as the RSI continues to fall back from overbought territory, and a break/close below the $62220 (23.6%...
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open.
USD/CHF may retrace the decline from the monthly high (0.8893) as it breaks out of the range bound price action from earlier this week.
USD/CHF Rate Outlook
USD/CHF trades to a fresh weekly high (0.8840) following the string of failed attempt to close below the 0.8770 (61.8% Fibonacci extension) to 0.8800 (50% Fibonacci extension) region, and the exchange rate...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
The recent rebound in the US Dollar Index (DXY) appears to have stalled as it’s now little changed from the start of the week, and a further decline in price may push the Relative Strength Index (RSI) into oversold territory for the first time since July.
DXY Outlook
DXY consolidates after failing to defend the February low (102.90) and the Greenback may...
The price of gold slips to a fresh weekly low ($2153) as it snaps a nine-day advance, and a further pullback in bullion may trigger a textbook sell-signal in the Relative Strength Index (RSI) should the oscillator fall below 70.
Gold Price Outlook
Keep in mind, the price of gold registered a fresh record high ($2195) as it cleared the December range, and the...
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open.
GBP/JPY falls toward the 50-Day SMA (187.71) as it trades to a fresh monthly low (187.97).
GBP/JPY Outlook
GBP/JPY struggles to hold above the former-resistance zone around the January high (188.94) as it weakens for the fifth consecutive day, with a breach below the moving average opening up the 186.50 (38.2% Fibonacci retracement) to 186.60 (50% Fibonacci...
AUD/JPY appears to be stuck in a narrow range, but the exchange rate may track the positive slope in the 50-Day SMA (97.37) as it holds above the moving average.
AUD/JPY Rate Outlook
AUD/JPY may attempt to retrace the decline from the February high (99.06) if it breaks out of the opening range for March, with a break/close above the 98.77 (2022 high) to 99.00...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
BTC/USD retraces the decline from the record high ($69165) to keep the Relative Strength Index (RSI) in overbought territory.
BTC/USD Outlook
BTC/USD seems to be coiling above the December 2021 high ($59102) as it holds within the weekly range, and Bitcoin may continue to register fresh record highs as long as the RSI holds above 70.
Psychological areas of...
USD/CHF consolidates after clearing the February high (0.8886), while the Relative Strength Index (RSI) appears to be diverging with price as the oscillator reverses ahead of overbought territory.
USD/CHF Rate Outlook
Unlike the developments from last month, the RSI holds below 70 even though USD/CHF registered a fresh yearly high (0.8893) at the start of...
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open.
The price of gold climbs to a fresh yearly high ($2120) as it stages a four-day rally, while the Relative Strength Index (RSI) pushes into overbought territory for the first time this year.
Gold Price Outlook
The price of gold approaches the 2023 high ($2147) with a break/close above the $2141 (50% Fibonacci extension) to $2150 (100% Fibonacci extension)...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
ETH/USD breaks out of the range bound price action from last week to keep the Relative Strength Index (RSI) in overbought territory.
ETH/USD Outlook
ETH/USD extends the series of higher highs and lows from earlier this week to register a fresh yearly high ($3473), and the rally may persist as long as the RSI holds above 70.
A breach above the April 2022 high...
BTC/USD breaks out of the range bound price action from last week to register a fresh yearly high ($57453), with the recent advance in Bitcoin pushing the Relative Strength Index (RSI) back into overbought territory.
BTC/USD Outlook
BTC/USD extends the advance from the start of the week to mark the largest two-day rally since December, and the move above 70 in...
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open / monthly-close.
