Tag: 100day

Capped by 100-day SMA; negative signals dictate

USDCAD recently redirected back under the mid-Bollinger band and the 50-day simple moving average (SMA), after its progress was curbed by the 100-day SMA and upper Bollinger band. The slipping 50- and 100-day SMAs continue to back the prevailing negative picture.  

The short-term oscillators mirror the strength in negative momentum, keeping the bias negative. The MACD, in the positive region, has slipped below its red signal line and is nearing its zero mark, while the downward-sloping RSI continues falling in the bearish section. Moreover, in the oversold territory, the stochastic %K line is sinking further under its red %D line, endorsing additional weakness in the pair.

To the downside, early support may originate from the 1.3126 barrier and the adjacent lower Bollinger band. If selling interest were to continue, the near eight-month bottom of 1.2993 and neighbouring 1.2950 crucial barrier – stretching back to December 31 – could challenge the

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Fades from restrictive line to 100-day SMA

Gold has found some footing on the 100-day simple moving average (SMA), after deflecting off a preventive line drawn from the all-time high of 2,074 and dropping below the Ichimoku cloud. The paused bearish Ichimoku lines transmit weakness in negative momentum, while all SMAs maintain a bullish tone.

That said, the MACD and the RSI reflect the stall in downwards price action, while the stochastics aim to improve. The MACD has eased in bearish territory, while the RSI floats above the 30 mark. The stochastic %K line has nudged above its red %D line but has yet to confirm its desire to shift bullish.

To the downside, tough support may occur from the 100-day SMA at the 1,848 immediate low, before a prohibitive section from the inside swing high of 1,818 to the 1,828 barrier. Deteriorating past these obstacles, the key 1,789 trough may attempt to halt further loss of

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Locates foothold, stalling sell-off at 100-day SMA

GBPJPY has discovered strong support from the 100-day simple moving average (SMA) of 135.54, located at the Ichimoku cloud’s lower boundary. The falling Ichimoku lines are backing the plunge in the price, while the 50- and 100-day SMAs aim to restore the pair in positive ground.

The short-term oscillators are also displaying conflicting signals in momentum, hinting that price may shift into a sideways market for a while. The MACD is extending its dip under its red signal line, below the zero mark, while the RSI in bearish territory, is improving slightly ahead of the 30 level. The stochastics %K line has pushed above the %D line in the oversold region but has yet to confirm bullish tendencies in the price.

If price acquires traction off the 100-day SMA at 135.54, heavy resistance may commence from the 200-day SMA at 137.23 and the 50-day SMA at 137.83 overhead, prior to

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