#overbought#

Comments from Morgan Stanley's chief investment officer on Bloomberg Wednesday Says the risk that a pick up in US treasury yields may spark a correction for US equities is being overlooked: "The market is overbought and the market is probably a little bit overvalued quite frankly because interest ra

GBP/USD prints four-day winning streak while taking the bids above 1.3100. Sustained trading beyond a four-month-old rising trend line and a 7.5-month-long falling support line favor buyers. March month high lures the bulls while bears will stay away unless breaking 1.2990. GBP/USD refreshes the in

AUD/NZD remains on the front foot while extending recoveries from 10-day SMA. Immediate resistance line probes the bulls targeting September 2018 high. Overbought RSI doubts further run-up beyond the nearby upside barrier. AUD/NZD picks up bids near 1.1015 amid the initial Asian session on Friday.

GBP/JPY eases from 5.5-month high, takes a U-turn from ascending trend line established since March 02. Overbought RSI conditions suggest pullback, 61.8% Fibonacci retracement adds to the support. Bulls can aim for the early-February low beyond a sustained rise past-140.00. GBP/JPY drops to 139.56,

USD/CHF consolidates on Wednesday's 1.2% rise - the biggest daily gain in five months.  Fed minutes dashed hopes for additional measures like yield curve control.  USD/CHF is trading near 0.9155 at press time, having gained over 1.2% on Wednesday – the biggest single-day gain since March 19.  The o

GBP/USD seesaws in a choppy range between 1.3065 and 1.3080 off-late. Overbought RSI conditions limit short-term upside, sellers have strong supports to break before retaking controls. 1.3200 become the key resistance, June high can please the bears during notable downside. GBP/USD struggles to car

EUR/USD continued scaling higher on Monday amid a broad-based USD weakness. The continuous rise in COVID-19 cases fueled speculations of a dovish Fed outlook. Overbought conditions prompted some profit-taking ahead of the FOMC meeting. The EUR/USD pair prolonged its recent strong bullish momentum a