davidscutt

davidscutt

45000 and Dow Jones bulls have not been the best of friends over the past year, with the index repeatedly rejected at the level going back to November after the Presidential election. But that hasn’t been enough to deter the bulls from having another crack, with the price back knocking on the door again following the latest rally. RSI (14) is trending higher but...

davidscutt

Silver’s latest run ended abruptly on Monday, with the metal reversing hard, breaking its recent uptrend and forming a bearish evening star three-candle pattern. With RSI (14) and MACD momentum readings now neutral rather than bullish, the focus shifts to price action over holding a set bias. If the signal from recent price action proves reliable—a big “if” with...

davidscutt

Bearish divergence between RSI (14) and price should have GBP/USD traders alert to the risk of a potential partial reversal of the recent bullish move. Those contemplating the setup could look to sell around current levels or slightly higher, with a stop placed above the recent high of 1.3207 for protection. Bids may emerge around 1.3140—the high set last...