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Rsi-2

Up Trend Is Resuming !-As you can see, the pair is having trouble breaking below a major demand area at 1.6800 , which isn’t surprising since it lines up with a 38.2% Fibonacci retracement, with RSI almost hitting oversold levels. -Based on the long wicks below the area, it looks like forex bulls are defending the support very well, Not only that, but a bullish divergence has also popped up to reinforce a bullish trade! -Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 1.6980 -n any case, just make sure to practice proper risk management, a’ight?
Long
by YaseenG.Housari
GBPAUD ShortLovely retrace on the daily to the golden Fibonacci level of 618. Complete rejection, in addition to rejecting a key support/resistance line at the level of ~1.64. 1. Rejection of 0.618 Fib level on the daily retracement 2. Rejection of ~1.64 level 3. Massive RSI divergence across all time frames (4h and below) 4. 4H RSI is extremely high (~80). Only happens a few times/year. Typically leads to a massive drop. No target set yet, but according to Fib extensions, 1.58 looks doable, especially with Brexit talks next week. FX_IDC:GBPAUD FX:GBPAUD OANDA:GBPAUD
Short
by EagleByte
1
Peso and Dollar Tap DancePeso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect. Mexico Central Bank sold off dollars to stymie skid . Meanwhile, speculators know that the Peso is squat . I think the Peso is squat. Technically, the Peso is squat. Technically, we are due for a retrace and the classic Triple Tap Price Action may conclude. I look for a potential reversal from it when RSI is Your Friend . Note: I mostly go long and buy breakouts on this pair, because your True Best Friend Is The Trend (and the Peso is still squat).
by dead2live