RELATIVE STRENGTH INDEX INDICATOR – Analytics & Forecasts – 9 February 2023
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought […]
GBP/USD Yields to US Dollar Strength, Where to Next?
GBP/USD – Prices, Charts, and Analysis The US dollar pushes higher but is starting to look overbought. UK Q4 GDP on Friday is the next focus for Sterling traders. Recommended by Nick Cawley How to Trade GBP/USD The US dollar is pushing further ahead in early European turnover, buoyed by Friday’s blowout NFP report and […]
Can The GER40 Keep Its Strength?
GER40, Daily GER40, Daily As attention turns to the approaching Fed and ECB announcements, the GER40 index maintains stability near its best level since September last year. The German blue-chip index is in a bull market, having risen more than 28% from a low of 11859.45 in 2022, joining other European indexes that have recently […]
Kiwi drops post-testing strength of the consolidation breakdown
NZD/USD has dropped firmly after sensing deep selling interest while testing the consolidation breakdown. Investors’ risk-taking capacity is dropping ahead of the interest rate decision by the Fed. The 20-EMA has acted as a major barricade for the New Zealand Dollar. The NZD/USD pair has resumed its downside journey after a pullback move to near […]
USD/JPY rises back above 128.50 on broad US Dollar strength, ahead of the BoJ’s meeting
The USD/JPY traded below 128.00 for the first time since June 2022. USD/JPY traders are bracing for the Bank of Japan’s monetary policy meeting on Wednesday. USD/JPY Price Analysis: Downward biased; it could test 125.00 in the near term. The USD/JPY recovered after hitting an eight-month low around 127.21, reclaiming 128.00 and advancing sharply toward […]
Former BOJ policymaker says excessive dollar strength likely to be corrected
<ul><li>US interest rates are declining, so don't expect yen to weaken much further</li><li>Widening of yield band is an extension of existing BOJ policy</li><li style="" class="text-align-justify">Given Japan's economic fundamentals, difficult to envisage a fundamental change in monetary policy</li></ul><p style="" class="text-align-justify">The takeaway from her comments is that what the BOJ has done is fitting with their policy […]
Gold Prices (XAU/USD) Battered by USD Strength Ahead of NFP Report
Gold (XAU/USD), USD Talking Points Ahead of NFP’s Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold Prices Surrender to Dollar Strength Ahead of NFP Report – Hawkish Fed Weighs on XAU/USD Gold prices have pulled back from their recent high as rate expectations and recession risks continue to drive sentiment. With the […]
Currency Strength Analysis for Better Forex Trades on SmartTrader
Reading the strength of a currency can be a useful tool for Forex traders. It can help them predict which direction a currency will move in the future. In this article, we discuss how to analyze currency strength on your SmartTrader trading platform. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and […]