Relative Strength Index – TOP DAILY NEWS

GBP/USD trades near 1.2570 as volume stays low throughout the vacation week. The United States Dollar Index DXY remains steady around 108.15, revealing little motion. Fed's progressive rate of interest cuts expectations weigh on the Greenback. The GBP/USD set has actually seen a modest increase to 1.2550, as low trading volume identifies the marketplace today due to the upcoming Christmas vacations. The set has actually been combining, with very little rate action as the marketplace adapts to a peaceful vacation duration. The United States Dollar Index (DXY) is mainly flat, hovering above 108.00, revealing no substantial modifications as traders wait for more financial information. In the wider photo, the United States Dollar keeps a strong footing. Expectations for a slower rate of...

NZD/USD continues to trade within a coming down channel pattern, showing a continuous bearish predisposition. An upward correction is suggested as the 14-day RSI is placed listed below the 30 mark. The set might check the coming down channel's lower border at 0.5630 level. The NZD/USD set edges lower to near 0.5650 throughout the European hours on Monday. The technical analysis of the everyday chart recommends a continuous bearish predisposition as the set is restricted within a coming down channel pattern. In addition, the NZD/USD set stays listed below the 9- and 14-day Exponential Moving Averages (EMAs), signaling weak short-term rate momentum, which might suggest that the cost is most likely to continue experiencing down pressure. The 14-day Relative Strength Index (RSI) stays ...

Tag: Relative Strength Index

GBP/USD strikes 1.2550 in the middle of low trading volume

NZD/USD Price Forecast: Remains controlled near 0.5650, coming down channel’s lower limit