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Technical analysis report 14-09-2022

14 Sep 2022 12:19 PM

EUR/USD is trending lower, and momentum is in negative territory, suggesting the bears are in control. If the down trend continues, it might target 0.9954 or 0.9930. RSI is edging higher, implying the price bias is to the upside, resistance might be encountered at 1.0038 or 1.0100.

GBP/USD is moving lower, and momentum is in negative territory, suggesting the sellers are in control. If the negative trend continues, it might target 1.1459 or 1.1404. The RSI is moving higher, implying the price bias is to the upside, resistance might be encountered at 1.1580 or 1.1636.

USD/JPY has pulled back from the 24-year high posted last week, but the long-term uptrend is intact. A rally from here, could see it hit 144.00 or 145.00. Positive momentum is falling, and the RSI is dropping, this speaks to bearish sentiment. Support might be found at 141.59 or 140.84.

The UT100 tumbled yesterday, the RSI is falling, and momentum is negative, this suggests bearish sentiment. Further losses could see it target 11971 or 11917. A rebound could run into resistance at 12232 or 12318.

WTI is trending higher, and the RSI is rising too, and that indicates the price bias is to the upside. A rise from here could see it hit 88.91 or 90.11. Momentum has turned negative, suggesting the bears are now in control, 85.75 or 84.68 might act as support.

Gold is in decline. The MACD indicator shows us that momentum is negative, and the RSI is falling, this suggests bearish sentiment. A fall from here, could see it target 1691 or 1688. Should gold rebound, it might encounter resistance at 1711 or 1723.

Despite the sell off yesterday, silver remains in its wider uptrend, and if the positive move continues, it could target 20.00 or 20.26. The short-term trend is lower, and the RSI is falling, suggesting the price bias is lower. Support might be found at 19.22 or 18.93.

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