Forex - Chart USD/PHP Updates: Overbought daily tools hindering upmove


Published at 03:41 (GMT) 3 Aug

 

Chart USD/PHP Updates: Overbought daily tools hindering upmove (GMNC8501)

03 Aug USD / PHP Daily

02::42 GMT - Overbought daily tools with bear-divergence sighted on daily Stochastic hindering upmove with prices staging a retreat and dips continues to attract buyers unless lower support at 45.570 is taken out to inspire corrective pullback. [W.T]
R5: 46.15 9 Jul 2010 low
R4: 46.06 27 Jul 2010 high
R3: 45.95 29 Jul 2010 high
R2: 45.80 Objective of flag
R1: 45.745 31 Jul high

S1: 45.57 27 Jul high, break
S2: 45.55 30 Jul low
S3: 45.44 29 Jul low
S4: 45.405 24 Jul low
S5: 45.31 * 15 Jun/21 Jul highs

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD advances to near 1.0750 as risk appetite regains balance

EUR/USD advances to near 1.0750 as risk appetite regains balance

EUR/USD extends its winning streak for the third successful day, trading around 1.0730 during the Asian session on Friday. The risk-sensitive currencies like the Euro gain ground as risk appetite regains balance ahead of US Nonfarm Payrolls.

EUR/USD News

GBP/USD advances to 1.2550, all eyes on US NFP data

GBP/USD advances to 1.2550, all eyes on US NFP data

The GBP/USD pair trades on a stronger note around 1.2540 amid the softer US Dollar on Friday. The US Federal Reserve Chair Jerome Powell delivered a modest dovish message after the meeting on Wednesday, which weighs on the Greenback.

GBP/USD News

Gold lacks firm near-term direction, remains stuck in a range ahead of US NFP

Gold lacks firm near-term direction, remains stuck in a range ahead of US NFP

Gold price struggles to gain any meaningful traction amid mixed fundamental cues. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support. Bets for a delayed Fed rate cut and a positive risk tone cap gains ahead of the US NFP.

Gold News

Solana price pumps 7% as SOL-based POPCAT hits new ATH

Solana price pumps 7% as SOL-based POPCAT hits new ATH

Solana price is the biggest gainer among the crypto top 10, with nearly 10% in gains. The surge is ascribed to the growing popularity of projects launched atop the SOL blockchain, which have overtime posted remarkable success.

Read more

US NFP Forecast: Nonfarm Payrolls gains expected to cool in April

US NFP Forecast: Nonfarm Payrolls gains expected to cool in April

The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.

Read more

Majors

Cryptocurrencies

Signatures