TipTVFinance

TipTVFinance

Pair’s recovery from 1.4969 on Tuesday and a bullish follow through today suggests the bearish price-RSI divergence established earlier this month may have been negated. The pair could target 1.5213 and beyond if the RSI breaks the falling trend line.

TipTVFinance

Pound’s sharp recovery from the low of 1.2769 indicates the bears are still having a tough time despite the breach of the key rising trend line on Friday. On the higher side, we wait for a clear break above 1.2871, while on the downside we would want to see a daily close below 1.2775. The 100-pip range of 1.2871-1.2775 is no man’s land.

TipTVFinance

The bearish breakdown from the symmetrical triangle pattern if confirmed on a daily closing basis would open doors for a sell-off to 8.1753, 7.945 levels. The RSI is perfectly positioned below 50.00 levels in favor of the bears.

TipTVFinance

Yet again the spot has failed to hold above 1.30 handle and is now trading around 1.2950 levels. With the RSI pointing lower, the pair is likely to test 1.2870 levels over the next 24-48 hours. On the higher side, only two consecutive daily close above 1.30 would revive the bullish view and open doors for 1.32-1.33 levels.

TipTVFinance

Failure to hold above 1.30 for last three straight sessions followed by a drop to 1.297 levels today in the wake of a golden cross (50-DMA & 200-DMA bullish crossover, often a lagging indicator/contrary indicator) coupled with the daily RSI turning lower from the overbought territory suggests a potential for a pull back to 1.2870 levels. Only a daily close below...

TipTVFinance

The daily RSI is overbought plus we have a golden cross – bullish 50-DMA & 200-DMA cross. This is a laggard indicator, which means it often works well as a contrary indicator. Thus, we are expecting a short-term top around 1.1284.

TipTVFinance

The bullish 50-DMA and 200-DMA crossover (golden cross) followed by a daily close above 1.30 for the first time since September 2016 suggests the spot is likely to to extend the gains 1.3080-1.31 levels. The daily RSI isn't necessarily overbought here, which suggests enough room for a another 100-pip rally.

TipTVFinance

The daily RSI is bullish, an upside break from falling channel could yield $989-$1000 levels

TipTVFinance

GBP/USD is struggling to push through 1.3009 (127.2% Fib expansion). We have already seen a failure to hold above 1.30 yesterday. A similar action today would open doors for a more pronounced sell-off to 1.2950 levels. A daily close above 1.30 today would open up upside towards 1.3150-1.3180 region.

TipTVFinance

Nice base formation around 205 followed and a rebound from the 200-DMA with RSI nicely positioned above 50.00 levels, suggests potential for a rally to 225 levels in the short-term.

TipTVFinance

The stock price is still in the hunt for 50-DMA seen today at 456 levels. Bullish invalidation is seen only below 430 levels. The RSI is still sloping higher and still short of the overbought territory.... thus shows room for a rally.

TipTVFinance

The stock price looks set to test $75.00 levels (target as per the measured height method) in the wake of a flatter yield curve and a head and shoulders breakdown pattern

TipTVFinance

A daily close above 1.30 in the wake of a golden cross (bullish 50-DMA & 200-DMA crossover) and a bullish RSI would open doors for a more sustained rally to 1.31 levels. Failure to hold above 1.30 today would signal fresh sell-off to 1.2850 levels.

TipTVFinance

$1254 is the confluence of 23.6% fib retracement of Dec low - April high & 50% fib retracement of Apr high - May low. Two consecutive daily close above $1264.50 (61.8% fib retracement of Apr high - May low) would open doors for a rally to $1300 levels

TipTVFinance

Friday's close below 2.3% would confirm a falling top pattern and open doors for sell-off to 2.0%... that is a 30 bps drop. The obvious casualty of a weak close would be the Dollar-Yen pair - it could revisit 110.00 levels.

TipTVFinance

The 2-year long rising trend line has been breached. the RSI is sloping downwards as well and is below 50.00. A daily close below the trend line would open doors for a sell-off to 0.96 handle.

TipTVFinance

Bearish break from the rising wedge pattern coupled with a bearish RSI divergence suggests the share price could test the 50-DMA support at 3171 in the next few days.

TipTVFinance

The USD/CAD is likely to breach 1.3654 and test the rising trend line support seen at 1.3590. The 4-hour 50-MA has topped out and we also have a descending triangle pattern.