WTI witnessed some heavy promoting for the second consecutive session on Thursday. Oversold situations on hourly charts helped ease the bearish strain, for now. The set-up helps prospects for extra…
Tag: SMA
Prints a month of battle under 50-week SMA, 61.8{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} Fibonacci retracement
WTI stays under a confluence of key SMA, Fibonacci retracement for fourth week in a row. Bullish MACD, sustained buying and selling past an ascending pattern line from June 19…
Clings to 200-week SMA, 1.3100 within the highlight
USD/CAD stays on the back-foot close to the seven-month low flashed on Monday. The important thing SMA probe bears forward of an ascending pattern line from April 2018. A falling…
Retraces underneath 50-day SMA; optimistic indicators intact
NZDUSD has light under the 50-day easy shifting common (SMA) from a contemporary seven-month excessive of 0.6714, considerably stalling the bullish image. Nonetheless, the strengthening 50- and 100-day SMAs coupled…
XAU/USD struggles to search out acceptance above 100-hour SMA
Gold pale an early North American session bullish spike to three-day tops. The set-up warrants some warning earlier than putting any recent directional bets. Gold did not capitalize on its…