Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 16 - 11:55 AM

Ether - Longs See Some Rays Of Hope But Still Have Work To Do

By Christopher Romano  —  Aug 16 - 09:45 AM
  • Ether rallied back above the 10-DMA Friday, traded up to 2628.80

  • US housing data sank yields US2YT=RR, US$ on higher prospect of Fed cuts

  • Gold XAU= rally to a record high above $2494.00 may have helped buoy Ether

  • Ether consolidation of recent gains, rising daily RSI highlight upside risks

  • Monthly RSI is falling however and gives longs some worries

  • Ether longs likely need break of resistance near 2800 for greater control

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!