The GBPUSD currency pair has shown significant bullish momentum, culminating in a test of the critical 1.3496 resistance level. This analysis examines the key technical indicators, including WMAs and RSI, to forecast potential scenarios.
The DAX40 is at a critical technical juncture, testing key support around 23860 as its RSI approaches oversold conditions.
📊 Market Overview EUR/USD staged an impressive rebound after dipping to 1.1625 during the early hours of August 19. The pair found a firm footing at this support level and has since pushed higher, reclaiming ground above the 30-period exponential
The ESP35 index retraced to the 23.6% Fibonacci level at 14,230 following resistance near 14,407. With RSI dipping to 33, short‑term oversold conditions emerge—but bulls must hold 14,230 to prevent a deeper slide toward 14,105 or 14,025.
HSI50 continues to trade just under the 25,000 resistance after surging earlier this week. A shallow pullback toward 24,768 remains possible, but rising moving averages and elevated RSI suggest bullish control persists for now. Watch for breakout or rejection signals
SMI20 has rebounded from the 11,886 zone, climbing back to test the 61.8% Fibonacci resistance at 11,926. With RSI momentum turning higher and price holding above short-term averages, bulls are eyeing a breakout toward the 11,970 and 12,005 resistance zones.
Gold (XAU/USD) rebounds toward 3,344 but faces resistance at the 23.6% Fibonacci retracement. The uptrend remains intact while the price holds above 3,330 and the 200-WMA. Bulls need a breakout above 3,344 to open the way to 3,365 and 3,375,
USD/JPY surges beyond 146.60, extending its bullish breakout with strong momentum. Supported by rising moving averages and positive RSI, the pair eyes the next upside targets at 147.20 and 147.85. As long as price holds above 145.75, the bullish trend
DAX40 drops sharply from the 24,170 peak, retracing to the 61.8% Fibonacci level at 23,760. Buyers have re-entered near this key support, though overall momentum remains fragile. A rebound toward 23,970 and 24,010 remains possible if support holds, while a
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