Microstrategy ($MSTR): Higher extension is favoured
Today, I am following up on the article I posted in May 2021, which was looking for Microstar to bottom imminently for the next leg higher. You can view this … Read More
Tag: Technical Analysis
Tests weekly ascending channel support, just below mid-1.3900s
GBP/SUD stalled its recent strong move up near the 61.8% Fibo. level resistance. The risk-off impulse benefitted the safe-haven USD and capped any further gains. A sustained break below the … Read More
Room for a move to 1.1975
EUR/USD records new tops beyond 1.1900 on Friday. Further upside is seen re-testing peaks around 1.1975. EUR/USD finally surpasses the 1.1900 hurdle and clinches new highs at the end of … Read More
US Dollar Index Price Analysis: Further retracement likely
DXY gives away further ground below the 92.00 yardstick. Further selling could drag the index to the mid-91.00s. DXY remains under pressure, although sellers remain unable to drag the index … Read More
Interim hurdle aligns at 130.70
EUR/JPY keeps business near recent tops. Further upside should meet a minor support at 130.67. EUR/JPY resumes the upside and leaves behind Thursday’s small losses amidst inconclusive price action. If … Read More
GBP/USD keeps bullish tone and aims for 1.40
GBP/USD Analysis: Bulls remain in control, move beyond 1.4000 mark awaited The GBP/USD pair reversed an intraday dip to the 1.3935 region and turned positive for the fifth consecutive session … Read More
Remains poised to test 100-DMA, focus on US/Canadian data
USD/CAD drops further to hit three-week lows below 1.2450. Bears target 100-DMA at 1.2368 amid renewed downside pressure. RSI remains below the midline, allowing room for more declines. Key US, … Read More
Price consolidates in a downward channel near 0.9070
USD/CHF pauses the previous two day’s decline on Friday. Bulls take support near the lower trend line of the descending channel. Momentum oscillator tilts in favor of the bearish momentum. … Read More
Sellers attack six-week-old support around $6.46
USD/CNH fades bounce off short-term horizontal support, keeps 200-SMA breakdown. Bearish MACD backs the sellers to aim for mid-June top. Monthly resistance line adds to the upside filters. USD/CNH flirts … Read More
Monthly resistance line rejects bulls around 0.7000
NZD/USD consolidates the heaviest daily gains in two weeks. Bullish MACD, failures to stay below 0.6920 keeps buyers hopeful. 200-DMA adds to the upside barriers, September 2020 tops may lure … Read More