Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
Also notice in the chart below that there’s a high amount of volume-by-price in the $50 to $65 zone, so that range should be supportive on pullbacks.
It continued to form higher lows, suggesting buyers returned strongly to undergird deep pullbacks.
On the 4 hour chart, we can see that the latest leg higher diverged with the MACD which is generally a sign of weakening momentum often followed by pullbacks or reversals.
Source: https://www.forexlive.com/technical-analysis/gbpjpy-technical-analysis-20231129/
On the daily chart, we can see that since the bounce on the red 21 moving average, GBPUSD rallied with almost no pullbacks.
Source: https://www.forexlive.com/technical-analysis/gbpusd-technical-analysis-bullish-20230714/
Still, geopolitical unrest in the Middle East could help support WTI and Brent on pullbacks over the coming weeks and months.
The red long period was acting as support for the pullbacks, but now the moving averages have crossed to the downside which is a bad omen for the buyers and a good sign for the sellers.
Source: https://www.forexlive.com/technical-analysis/eurusd-technical-analysis-20230511/
The shares of Dow (DOW) are up 11% so far in 2023, with a floor at the $55.50 level containing several pullbacks since January.
Source: https://www.forbes.com/sites/greatspeculations/2023/03/08/blue-chip-chemical-stock-has-room-to-run/
We can also notice that the latest leg higher which is usually a sign of weakening momentum often followed by pullbacks or reversals.
We can also see that GBPUSD on this timeframe has been diverging with the MACD, which generally indicates a weakening momentum that is often followed by pullbacks or reversals.
Source: https://www.forexlive.com/technical-analysis/gbpusd-technical-analysis-shift-in-sentiment-20230530/