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The erratic recovery from the low of 1.2642 does suggest the sellers have run out of steam, although the outlook remains bearish as long as the spot trades below 1.2815 (50-DMA). The RSI and MACD are bearish Only a daily close above the 50-DMA would revive the bull market and open doors for a break above 1.30 levels

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Volumes have been low for quite some time now, Reuters Lippers data for the week ended June 7 showed increased flows into US treasuries and global bonds. Spinning top signals bullish exhaustion… needs a bullish follow through… that would confirm a short-term top has been made. A bearish follow through on the weekly chart would open doors for a bigger correction.

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On the above hourly chart, the RSI has confirmed a bullish price RSI divergence. The spot currently trades below 0/8 Murrey Line (oversold line). Thus, a recovery to 109.76 (1-hr 50-MA + Murrey Line) looks likely. A break higher would expose 110.00-110.20 levels. The descending trend line has been breached as well.

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The bearish price RSI divergence suggests potential for a pull back to 1.1109 (May 30 low). Only a daily close below 1.1109 would signal bullish invalidation.

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Bearish divergence if followed by a downside break from the rising channel would signal the rally from 1039 (June 13 low) has topped out at 1879. The stock could then proceed to test demand around 1543 (April low).

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The trend line has been breached... it is a strong signal that gold has regained its safe haven status and could extend gains to $1345-1378 levels if the UK election yields a hung parliament.

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A rising bottom formation and a bullish break from the symmetrical triangle formation amid gold rally, coupled with a bullish RSI suggests the Aussie is heading higher to 0.76 and possibly to 0.77 levels over the next couple of weeks.

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Today's bearish outside day/bearish engulfing candle marks the failure to break above the rising channel hurdle. The RSI is overbought on all three time frames - daily, weekly and monthly. Watch out for a pull back to 9532 and 9367 levels in the short-term

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50-DMA has topped out and is now sloping downwards. The rising trend line was breached in mid-May. An attempt to take back the rising trend line failed. We also have a bearish breakdown of the triangle formation. The bearish price chart suggests bank stocks could lose altitude in the coming days. This goes will with the flattening of the treasury yield curve.

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Pair’s rebound from last week’s low of 1.2769 if followed by a daily close back above the rising trend line hurdle would open doors for a revisit to 1.30 (zero figure) and 1.3048 (May 18 high). On the downside, only a daily close below 1.2769 would revive the bearish move.

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The bearish price RSI divergence and multiple daily candles with long upper shadows suggests potential for a re-test of the strong support at 7447 (previous record highs)

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Rejection at the sliding trend line resistance followed by a sell-off on the weak US payrolls data suggests the sell-off from the recent high of 114.36 has resumed. However, bears are still advised to wait for a daily close below 200-DMA before hitting the pair with fresh offers. the 200-DMA (sloping upwards) is seen at 110.14.

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Nothing to worry here. But worth noting the index is flirting with the upper end of the rising channel with overbought RSI. No reason to worry as long as the rising channel is intact

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Back to back candles with long tails and a move back above the critical rising trend line despite strong US ADP report suggests the pull back might have ended at 1.2769 and the spot could be heading back to 1.30 levels by Friday's NY close.

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Close below the rising trend line coupled with a bearish MACD signals potential for a sell-off to 0.93-0.91 levels. Bearish invalidation seen only above 0.99 handle.

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A classic bull flag pattern coupled with upward sloping 50-DMA and 200-DMA. The cross looks more likely to witness a bullish break. The immediate resistance is seen around 144.00 levels.

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What we have here is a potential double top around 1.1250. Golden crossover confirmed in late May is bad news for bulls at least in the short-term, given it is a laggard indicator and often acts as a contrary indicator. Also take note of the bearish MACD divergence. The spot looks set to 1.1109 (double top neckline)

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Pair’s recover from the low of 1.1109 on Tuesday and a bullish follow through to 1.1230 today has established another higher low, however, the spot needs to close above 1.1268 to confirm continuation of the rally towards 1.1366 levels. On the downside, only a daily close below 1.11 handle would open doors for a a deeper retracement to sub 1.10 levels.