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Is apple stock overbought? the answer may surprise you.

Despite a huge move higher in 2023, the stock still sits below all-time highs. The tech giant has seen its top and bottom lines decline in recent quar...

May 27, 2023, 10:31 am

Nvidia stock is the most overbought in 18 months, but that doesn't mean the rally is over

The monster rally in Nvidia Corp.'s stock following the semiconductor maker's stunningly bullish revenue outlook has produced the most oversold readin...

May 26, 2023, 3:50 pm

Usd/jpy forecast: beware of overbought levels

Investors’ concern about the fate of the US debt ceiling allowed the bulls to launch the usd/jpy currency pair towards stronger resistance levels, r...

May 25, 2023, 6:44 pm

Usd/jpy price analysis: overbought rsi caps yen pair’s upside below 140.00

USD/JPY edges higher as it renews the yearly top around 139.65-70 during early Thursday. In doing so, the Yen pair prods the 50% Fibonacci retracement...

May 25, 2023, 3:14 am

Broader us indices extend to new session lows

As the debt talks continue to muddle along, and traders getting wary of overbought conditions, the broa...

May 23, 2023, 4:51 pm

Usd/jpy: bulls to pause for consolidation before resuming

The USDJPY is consolidating under new multi-month high (138.74) as traders collected some profits after last week’s 1.65% advance. Friday’s close ...

May 22, 2023, 9:13 am

Is pultegroup overbought after double-digit gains?

Contrary to doom and gloom coming from some market prognosticators, residential home builders have been a highly investable industry in 2023. Recently...

May 22, 2023, 7:02 am

Usd/jpy rally fizzles with rsi reversing ahead of overbought zone

USD/JPY pushed above the 200-Day SMA (137.12) to clear the December 2022 high (138.18), but recent developments in the Relative Strength Index (RSI) s...

May 20, 2023, 10:14 am

Usd/jpy price analysis: yen pair retreats from six-month high near 138.50 amid overbought rsi

USD/JPY snaps six-day uptrend at the highest levels since November 2022, struggles to defend Yen buyers of late. Short-term support lines, previous re...

May 19, 2023, 2:44 am

Eur/usd outlook: break of april low pushes rsi toward overbought zone

EUR/USD extends the series of lower highs and lows from the start of the week to take out the April low (1.0788), and a further decline in the exchang...

May 18, 2023, 8:44 pm

Usd/jpy price overbought, us unemployment claims eyed

The bias remains bullish, despite temporary retreats. The US economic figures should bring high action later. After its strong rally, a retreat is fav...

May 18, 2023, 8:20 am

Nikkei 225 technical: at the risk of a multi-week pull-back

Nikkei 225 recorded a month-to-day return of +5.80% for May and hit a 33-year high. Nikkei 225 outperformed the MSCI All Country World Index on a year...

May 18, 2023, 6:56 am

Nikkei 225 technical: at the risk of a multi-week pull-back

Nikkei 225 recorded a month-to-day return of +5.80% for May and hit a 33-year high. Nikkei 225 outperformed the MSCI All Country World Index on a year...

May 18, 2023, 5:52 am

Gbp/usd price forecast: 1.2600 holding firm as bulls eye a fresh catalyst

Cable holds onto gains as US CPI and BoE approaches but bulls appear exhausted as RSI rests in overbought...

May 10, 2023, 7:58 am

Wti oil technical: evolving into minor uptrend

Last week’s intra-week loss of -17% has been recovered partially. Positive technical analysis elements sighted; “Morning Star” daily Japanese ca...

May 8, 2023, 11:24 am

Gbp/usd price analysis: overbought rsi prods cable buyers around 1.2650

Meanwhile, the May 2022 high of around 1.2665 appears immediate resistance for the Cable pair buyers to tackle to restore the market’s confidence. F...

May 8, 2023, 1:59 am

Usd/jpy price analysis: further upside hinges on daily close beyond 137.80

In doing so, the Yen pair portrays failure to cross a downward-sloping resistance line from December 2022, close to 137.80 by the press time, amid ...

May 2, 2023, 6:59 am

Fxwirepro:eur/nzd poised at critical support, looking vulnerable

EUR/NZD declined on Monday as overbought top triggered correction in the pair. Todays drop has put EUR/...

May 1, 2023, 11:44 pm

Usd/jpy price analysis: overbought rsi, 200-dma prod boj-led rise at two-month high

USD/JPY takes the bids to refresh multi-day high, cheers upside break of a descending trend line from November. Yen pair buyers may struggle as 200-DM...

May 1, 2023, 3:29 am

Eur/usd drops towards 1.1000 as ecb hawks retreat, first bank roils the mood, us nfp, fed eyed

The overbought RSI (14) line joins the EUR/USD pair’s repeated failure to provide a daily closing bey...

May 1, 2023, 12:29 am


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