Market analysis

Date: Monday 10th of August 2026

EUR/USD : US inflation and war doldrums to keep shaping market’s mood .

GBP/USD : The pound could struggle to extend a recent rebound against the dollar.

USD/JPY : Likely return to two-month low near 155.00 .

Dow Jones : Wall Street closes at a record high after best week for stocks since April .

Gold : Bullish pressure builds on easing Fed rate hike bets .

Crude Oil : Why the WTI sell-off may be hiding a supply warning .

EUR/USD

US inflation and war doldrums to keep shaping market’s mood.

A dull week ends with the EUR/USD pair surging to a fresh multi-week high, trading around 1.1560 ahead of the close. Optimism about an end to the Middle East conflict dominated the headlines throughout the first half of the week, only to be followed by the usual delays and diluted hopes. United States (US) President Donald Trump kept repeating throughout the week that he believed that the war with Iran would be over “soon.” Market players, however, believe the ongoing pause in the Middle East crisis has more to do with reports suggesting the US Army is running out of highly accurate long-range missiles after its five-month war with Iran. Also, Iran’s chief negotiator Mohammad Bagher Ghalibaf accused Trump of staging “theater diplomacy,” accusing the US of bullying and breaking promises. Tehran presented a plan on how to manage the Strait of Hormuz, which includes blocking the critical passage to US and Israeli ships. Traffic through the critical passage remains restrained, while skirmishes between different Middle East countries continue. On a positive note, Oil prices remained within familiar levels, with the barrel of West Texas Intermediate (WTI) crude trading around $77 as the week comes to an end. Markets also took note of the US labor market health, with soft readings coupled with persistent inflation-related concerns weighing on the US Dollar (USD). ISM published the July Purchasing Managers’ Index, which showed business activity in the country remained in expansionary territory, with the Manufacturing Index printing at 55.6, and the Services PMI climbing to 54.1. The reports, however, also showed that the Price Paid Indexes linked to both sectors came in higher than anticipated and above 70, hinting at persistent inflationary pressures. Regarding employment figures, JOLTS Job Openings edged modestly lower in June, although hiring remained unchanged. The ADP Employment Change survey showed that the private sector added measly 44K new jobs in July, down from the 95K previous and the expected 70K, while the Challenger Job Cuts report showed that US-based employers announced 33,429 cuts in July, down from the 45,849 registered in June. Finally, the Nonfarm Payrolls (NFP) report released on Friday showed that the country lost 23K jobs in July while the June reading was downwardly revised to measly 20K from the original estimate of 57K. On a positive note, however, the Unemployment Rate shrank to 4.1%, its lowest in over a year, although the labor force Participation Rate also eased a tad, to 61.4% from the previous 61.5%. Financial markets are all about sentiment and EUR/USD moved accordingly to USD strength/weakness, with the shared currency lacking life of its own. Data from the Union was far from encouraging: Retail Sales in Germany fell 0.2% in June vs the previous 2.1% advance, while the Eurozone figure for the same month came in at -0.3%, down from the 0.4% advance posted in May. Also, the bloc Producer Price Index (PPI) rose 4.6% in the year to June as expected, down from the previous 5.9%. The Euro was unable to attract buyers despite European Central Bank (ECB) President Christine Lagarde warning that surging Oil prices could shape the September rate decision, hinting at an interest rate hike at the next meeting. Indeed, data supports the case for another hike, as euro area annual inflation is expected to be 2.9% in July 2026, up from 2.8% in June according to a flash estimate from Eurostat, the statistical office of the European Union. Inflation takes center stage in the upcoming days, as the US will release the July Consumer Price Index (CPI) on Wednesday. Annual inflation, as measured by the CPI, is foreseen at 3.4%, slightly below the 3.5% posted in June.

On the same day, Germany will unveil the final reading of the July Harmonized Index of Consumer Prices (HICP), while the US will publish the July Producer Price Index (PPI) on Thursday, previously at 5.5%. Friday will bring the first revision of the Eurozone Q2 Gross Domestic Product (GDP), US Retail Sales and the preliminary estimate of the July Michigan Consumer Sentiment Index .

Source : https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-us-inflation-and-war-doldrums-to-keep-shaping-markets-mood-202608071513

EUR/USD

GBP/USD

The pound could struggle to extend a recent rebound against the dollar.

GBP/USD enters the new week at an important technical juncture: the pair has staged a recovery from the June low, but the rally has now run into a major descending trendline that has defined the broader downtrend since January. At the same time, buyers continue to defend a rising trendline from the late-June low, leaving price compressed inside a symmetrical triangle. The coming sessions are therefore likely to determine whether the pound-to-dollar rate resumes its broader bearish trend or breaks into a more sustained recovery . The technical backdrop reflects this balance as sterling has reclaimed the 100-day moving average at $1.3400, signaling that near-term momentum has improved, while RSI has recovered to around 59, comfortably above neutral but below overbought territory. However, neither indicator is sufficiently strong to confirm a fresh uptrend. Instead, the market remains trapped between converging trendlines, suggesting volatility is being compressed ahead of a larger directional move. The key question for the week ahead is whether buyers can finally overcome the descending trendline that has repeatedly capped rallies throughout 2026. A convincing break would mark the first meaningful violation of the sequence of lower highs that has characterised the broader technical picture. Failure at trendline resistance, however, would reinforce the view that recent gains are corrective within a larger bearish structure. A major driver of recent USD weakness has been concerted selling of the dollar to support Japan's yen, implying that much of last week's USD weakness could be artificial. Japan and the US acted in a coordinated manner to stem JPY weakness over the last two days of last week. On 30 July, Japan undertook a unilateral intervention and the NY Fed conducted rate checks; then on 31 July, Japan sold USDJPY again and the US sold EURJPY. "The scale of the JPY appreciation on the first day of intervention was 3.5% (versus USD) on an intra-day basis and 3.0% relative to the level of USDJPY immediately before the plunge, broadly consistent with the 3.2% move at the time of the Golden Week intervention," says a note from Barclays. The Dollar meanwhile looks set to endure ongoing support from persistent market expectations for U.S. Federal Reserve rate hikes in response to elevated U.S. inflation levels. Even after a 'less hawkish' Fed policy update last week, and recent downside surprises in U.S. inflation data, the futures market continues to price in two Fed hikes by mid-2027. That expectation can continue to underpin the dollar's medium-term outlook.

Source: https://www.poundsterlinglive.com/usd/23533-pound-to-dollar-forecast-for-the-week-ahead-3

GBP/USD

USD/JPY

Likely return to two-month low near 155.00.

The USD/JPY pair holds onto a three-day recovery move near 157.80 during the European trading session on Thursday. The pair recovers as the Japanese Yen (JPY) faced profit-booking after a juggernaut jump last week, following the United States (US)-Japan joint intervention to counter excessive volatility and disorderly movements in the Japanese yen in recent months. Financial markets expect the Japanese currency won't be able to sustain US-Japan joint intervention-driven strength unless it gets boost from structural changes in the domestic economy . Analysts at BNY Mellon argue that recent “coordinated intervention has bought time but hasn’t materially increased foreign JPY holdings.” They note that “investors remain net long JPY, but exposure is well below H1 2026 levels and won’t rebuild without credible domestic follow-through: Bank of Japan (BOJ) tightening, fiscal consolidation and structural reform.” In their view, the current allocation picture is uneven across asset classes, with “Japanese equities remain largely passive and under-supported, while Japanese government bonds (JGBs) are attracting the clearest marginal demand.” Meanwhile, hopes of US-Japan intervention again are high, as Japan Finance Minister (FM) Satsuki Katayama confirmed earlier this week that Japan “won't hesitate to carry out more forex intervention with the US”. On the US Dollar (USD) front, investors shift their focus to the US Nonfarm Payrolls (NFP) data for July, which will be released on Friday. USD/JPY trades at around157.83, keeping a bearish near-term tone as spot remains below the 20-day exponential moving average (EMA) at 160.55. The pair has retreated from recent highs, and the EMA overhead suggests prices are still capped despite the latest bounce attempt, pointing to a market that is correcting rather than trending higher. On the topside, initial resistance is located at the 20-day EMA at 160.55, which acts as the primary barrier that bulls would need to reclaim to alleviate downside pressure. On the downside, the key support level for the pair is the two-month low of 155.23; below this, the pair would find next support near the February 23 low at around 154.00 .

Source: https://www.fxstreet.com/news/usd-jpy-price-forecast-likely-return-to-two-month-low-near-15500-202608060638

USD/JPY

Dow Jones

Wall Street closes at a record high after best week for stocks since April.

Wall Street ended at a record high on Friday, as the first monthly loss in U.S. jobs since February prompted traders to pare bets for Federal Reserve interest rate hikes. Equities also notched their best week since mid-April, helped by a slide in oil prices, a strong earnings season, and a rebound in chip stocks. The benchmark S&P 500 index advanced 0.6% to close at 7,753.92 points, a record. The tech-heavy NASDAQ Composite climbed 1.3% to settle at 26,690.62 points, within striking distance of its last record finish posted at the start of June. The blue-chip Dow Jones Industrial Average added 0.3% to conclude at 54,036.52 points. For the week, the Nasdaq led gains with a 5.2% rise, followed by the S&P at 3.5% and the Dow at 3%. It was the best week for all three averages since April 17. "The jobs report took down Fed rate hike expectations and cooled bond yields which is an impetus for stocks to get a lift," Mark Luschini, chief investment strategist at Janney Montgomery Scott, told Investing.com. "Tech has resumed its leadership which is helping to generate a pretty handsome return for the S&P 500 this week, and along with it pop the stock market to a record high. Relief on the Iranian war front has tempered oil prices which is also a potential boost for consumer spending and may relieve some of the anxiety around the second order effects of high energy costs bleeding into inflation," he said . "The low hire, low fire environment remains but for now it is sufficient to propel spending, while at the same time not with so much demand thrust that inflation fails to abate over the coming months. If inflation readings over the next couple of months affirm that condition, the corporate profit picture should guide equity markets to new highs," Luschini added. According to the U.S. Bureau of Labor Statistics, nonfarm payrolls fell by 23k in July, compared to a consensus estimate for a rise of 85k. This marked the first monthly loss in jobs since February. Meanwhile, employment in May and June were revised lower by a combined 103k. The unemployment rate ticked down to 4.1% in July from 4.2% in June. The decrease in payrolls was largely due to a nearly 50k monthly fall in local government education jobs. "The miss in July was because of a 53k decline in government employment, which the survey’s detail attributes to local government education jobs (i.e. K-12). This looks like a wonky seasonal adjustment fluke," Bill Adams, chief U.S. economist at Fifth Third Commercial Bank, said. "The Bureau of Labor Statistics tries to adjust their measurement of K-12 jobs for the big swings that come every year in the summer months, but it’s hard to do in practice. Private employment rose 30,000 in July, which was slow but not a crisis," he noted. "Incorporating these data, job growth averaged a slow 20k per month in the last three months and a slightly better 61k per month since the turn of the year. While these data are disappointing they are still better than the economy’s 10,000 job per month average in 2025," Adams added. The data comes at a complicated time for the Federal Reserve. On the one hand, despite the negative report, the overall labor market remains solid. On the other hand, inflationary risks are much higher amid ongoing volatility in oil prices due to the Middle East conflict, with some policymakers showing a clear bias towards raising rates at the Fed’s last monetary policy meeting in July. The divergence in the Fed’s dual mandate presents a dilemma for the central bank. Elevated inflationary dynamics call for rate hikes, but resilience in the labor market suggests little room for rate cuts. While higher borrowing costs can help combat inflation, they come at the risk of denting the labor market and the wider economy. "Friday’s jobs report was not just much weaker-than-expected, it showed that the economy shed jobs during July, which puts the Federal Reserve in a conundrum, since inflation is still elevated and sticky. While one weak jobs report is not likely to dictate Federal Reserve policy, we think the central bank will maintain its wait and see approach on interest rates, and allow more time to pass to examine incoming economic data," Brent Wilsey, chief investment officer at Wilsey Asset Management, said. "The weaker-than-expected jobs report likely doesn’t change much for the Federal Reserve, as Chair Warsh is allowing the data to guide policy and the data as of now likely warrants keeping rates at current levels," he said. "Friday’s negative jobs number raises the importance of next Wednesday’s CPI for July, which may see an uptick, since oil prices spiked during the second half of July, given the re-escalation of tensions in Iran. This may very well be one of the more noisy CPI reports in recent memory," Wilsey added. As per the CME FedWatch tool, the odds of a quarter-point rate hike by the Fed in September slipped to nearly 42% after the release of the July jobs report, from 55% the previous day. Away from the economic calendar, the Philadelphia Semiconductor Index - a key barometer of chip stocks - logged a weekly advance of 9.3%, underscoring a stellar start to August following a more than 20% slide in July. Chip stocks had been the primary driver of the high-flying artificial intelligence trade that powered Wall Street to a record high earlier in the year despite the Middle East conflict. Over the last two months, however, the AI trade slumped amid investors stepping back and taking a look at a rally that had flown too high and too fast. Concerns abounded about lofty valuations, uncertain timelines on returns from massive spending on AI, and Chinese competition. But blowout quarterly results from Microsoft at the end of July, along with the tech titan becoming the first AI major to not raise spending plans, marked the end of the slide. Strong numbers from Amazon further lifted spirits. Traders also identified the saga of Leopold Aschenbrenner’s hedge fund, Situational Awareness, as both a catalyst for the recent weakness in the AI trade and its rebound. The rebound in the AI trade helped Wall Street reclaim a record high on Tuesday for the first time since early June. The S&P did slip over Wednesday and Thursday, in part due to underwhelming responses to quarterly results from SpaceX, Advanced Micro Devices, Sandisk , and Western Digital. Airbnb surged 17.4% after the short-stay rental firm delivered better-than-anticipated quarterly results and hiked its annual outlook. Cloudflare added 5.6% after announcing income and revenue that exceeded Wall Street projections, as it benefited from increasing demand for the infrastructure used to scale AI programs. Turning to the Middle East, Axios reported that Iran was awaiting final approvals from its Supreme National Security Council on a deal with Oman and the U.S. to reopen the critical Strait of Hormuz, citing a diplomat from one of the mediating countries. Reuters later reported there had been progress on the deal, citing a U.S. official. Iran’s Fars News on Thursday had reported that the initial text of the plan was under review by authorities, citing parliament member Alireza Salimi. According to the framework, passage of U.S., Israeli, and other hostile vessels through the vital waterway would be prohibited until compensation was paid, Fars said. The news agency separately reported that according to the plan, entry into the strait would be through the northern corridor near the Iranian coast and exit would be through the southern corridor near the Oman coast, citing an informed source in the foreign ministry. After a specified deadline, transit through both corridors would be stopped and would instead take place through a middle corridor, with Iran managing the entry and jointly managing the exit with Oman. If true, these aspects of the plan would most likely be unacceptable to Washington. Oil prices on Friday turned lower after the Reuters story in choppy trade, and were set for weekly declines of about 8%. Brent crude futures, the global benchmark, were last down 0.4% to $82.16 a barrel.

Source : https://www.investing.com/news/stock-market-news/us-stock-futures-rise-on-upbeat-earnings-payrolls-in-focus-4844987

Dow Jones

Gold

Bullish pressure builds on easing Fed rate hike bets

Following a quiet opening to the week, Gold (XAU/USD) gathered bullish momentum and climbed to its highest level since mid-June above $4,300, supported by cooling geopolitical tensions and investors scaling back bets for a Federal Reserve (Fed) interest rate hike in September. As the near-term technical outlook highlights a buildup in bullish momentum, July inflation data from the United States (US) will test investors’ commitment to an extended rally. US President Donald Trump announced over the weekend that he held off a planned "massive attack" and said that negotiations with Iran will resume on Monday. Crude Oil prices declined sharply at the weekly opening, easing inflation fears and helping Gold hold its ground. The bullish action seen in Wall Street made it difficult for the US Dollar (USD) to gather strength on Tuesday and allowed XAU/USD to continue to inch higher. With the USD coming under additional selling pressure midweek, the precious metal rose more than 4% and posted its largest one-day gain since early February on Wednesday. The Automatic Data Processing’s (ADP) monthly report showed that private sector payrolls increased by 44K in July, missing the market expectation of 70K. Additionally, the employment component of the Institute for Supply Management’s (ISM) Services Purchasing Managers’ Index (PMI) fell into the contraction territory at 47.4 from 51.2 in July. Falling Oil prices, combined with uninspiring US data, caused investors to reassess the probability of a Fed interest rate hike at the next meeting. With the CME FedWatch Tool’s probability for a September rate increase falling to about 55% from nearly 70% a week prior, US Treasury bond yields turned south and fuelled Gold’s impressive upsurge. In the meantime, Minneapolis Federal Reserve (Fed) Bank President Neel Kashkari, who voted for a 25-basis-point (bps) rate hike at the July meeting, unexpectedly adopted a wary tone on policy tightening and further weighed on the USD. The FXS Speechtracker scored Kashkari’s speech on Wednesday a 4.6/10, marking a notably softer tone relative to the historical average of 6.8/10. Kashkari’s emphasis that the goal is to bring down inflation without explicitly aiming to slow the economy, combined with the view that recent price pressure is largely supply-driven, and the remark about not calling for a dramatic increase in rates pointed to a nuanced, neutral posture rather than an aggressive tightening bias. The focus on the Committee’s communications stance and the value of explaining the reaction function suggested continued data-dependence and an openness to flexible policy signaling. Commenting on Gold’s action, analysts at OCBC noted that Gold rose sharply as easing Middle East tensions pushed Oil prices lower, while US Treasury yields and the USD also eased. They added that “market expectations for Fed to hike in Sep has eased,” while the sharp move in the yellow metal “accelerated after prices cleared recent resistance, triggering technical buying and short covering.” According to OCBC, Gold’s strength now “suggests investors are increasingly pricing a de-escalation of the US-Iran conflict, a normalisation of Oil flows through the Strait of Hormuz, lower real interest rates and a softer USD,” providing a broad-based fundamental backdrop to the latest gains. Following a consolidation phase on Thursday, Gold regathered its bullish momentum heading into the crucial US employment data and extended its weekly uptrend to further beyond $4,300. Heading into the weekend, Gold advanced beyond $4,350 as the probability of a September rate hike declined further. The US Bureau of Labor Statistics (BLS) reported on Friday that Nonfarm Payrolls (NFP) declined by 23K in July. This print followed the 20K increase (revised lower from 57K) recorded in June and fell short of the market expectation for an increase of 80K by a wide margin. The BLS will publish July inflation data on Wednesday. Investors expect the Consumer Price Index (CPI) to rise by 0.1% on a monthly basis, and see the core CPI increasing by 0.2% after staying unchanged in June. In case the monthly core CPI rises at a faster pace than anticipated, the immediate reaction could cause investors to second-guess the probability of a September Fed policy hold. In this scenario, US T-bond yields could edge higher and cause Gold to correct lower. Conversely, the USD is likely to remain under pressure and leave the door open for another leg higher in Gold, if the monthly core CPI comes in below the market forecast. Analysts at Commerzbank argue that the Fed’s near-term policy path remains highly contingent on the incoming inflation data. They note that “at its next meeting in September, the Fed will likely refrain from raising interest rates if inflation has begun to ease by then, and the July figures would not contradict such a scenario.” However, they caution that “inflation would likely also have to remain low in August to prevent the Fed from raising rates in September,” underscoring how little room there is for upside surprises. Against this backdrop, Commerzbank highlights the political sensitivity around further tightening, stressing that whether Fed Chair Kevin Warsh “can avoid an interest rate hike — which would certainly not be well-received by President Trump — depends heavily on whether inflation moves in the right direction soon,” and that “next week’s consumer price data will therefore attract a great deal of attention.” At the same time, market participants will continue to pay close attention to developments in the Middle East. If the conflict between the US and Iran heats up again and Crude Oil prices turn north, with the US refusing to stop enforcing a naval blockade on Iranian ports or rejecting Iran and Oman’s joint effort to manage the Strait of Hormuz, Gold could have a difficult time preserving its bullish momentum.

Analysts at Rabobank caution that hopes for a swift resolution to shipping disruptions in the Strait of Hormuz may be misplaced. They argue that “a short-term deal to open up the Strait of Hormuz for commercial shipping is unlikely as both sides have very little common ground,” noting that such an arrangement “offers no permanent solutions for the key sticking points that the whole conflict centers around.” Even in the event that an agreement is reached, Rabobank stresses that it would merely “offer another 60-day window of free transits through Hormuz while further negotiations resume,” rather than a durable settlement. In their view, “if a deal is agreed, it could be a matter of time until either party expresses frustration with the negotiations again and markets are forced to price in another few weeks of geopolitical tension,” underscoring the potential for recurring bouts of volatility as the dispute drags on.

Source: https://www.fxstreet.com/analysis/gold-weekly-forecast-bullish-pressure-builds-on-easing-fed-rate-hike-bets-202608071423

GOLD

Crude Oil

Why the WTI sell-off may be hiding a supply warning.

Prices for the barrel of the American Oil benchmark have fallen sharply as hopes of a US-Iran agreement have resurfaced, but a deeply backwardated Oil curve, tight Cushing stocks and light speculative positioning all warn that the sell-off may have gone too far. West Texas Intermediate (WTI) prices have retreated as Washington has paused further strikes, and negotiations over shipping security appear to have resumed. Yet, the physical and derivatives markets still show signs of scarcity, leaving WTI vulnerable to another violent reversal . Prices of WTI have broken below the $76 mark per barrel on Tuesday, shedding nearly 20% since the late July ceiling above the $92 yardstick, all after prices repeatedly swung on reports of progress or setbacks in talks involving the US and Iran. The sharp retracement reflects a lower geopolitical premium, but it is not proof that the underlying disruption has ended. Markets have repeatedly priced an imminent settlement before attacks or shipping restrictions returned. Political statements remain a weak substitute for physical confirmation until tanker traffic, insurance conditions, and export volumes normalise for more than a few sessions. The WTI curve remained in steep backwardation in late July. The front contract stood at $85.27, compared with $82.25 for the second contract and $70.41 for the twelfth. The resulting M1–M2 spread was $3.02 per barrel, while M1–M12 reached nearly $15. Backwardation of this scale means buyers were still willing to pay materially more for prompt delivery than for Oil one year ahead. Part of that premium is geopolitical, but the shape is inconsistent with a market expecting an immediate surplus. It also creates positive roll yield for long positions, potentially limiting the persistence of bearish momentum. The curve, therefore, supports a two-speed forecast: the front of the market remains hostage to US-Iran headlines, while the deferred curve is already pencilling in a substantial eventual normalisation . Commercial crude inventories rose by 2 million barrels to 411.7 million in the week to July 17, according to the latest EIA report, but remained 6% below the 5-year seasonal average. Crude Oil stocks at Cushing fell by 674K barrels to 19.4 million and were more than 10 million barrels below their 5-year comparison. Product inventories also remained lean: Gasoline inventories were 7% below their 5-year average, and distillates were 10% below, despite weekly builds. Refinery utilisation held at a strong 96.1%, while total petroleum demand rebounded by just over 1 mbpd on the week. This is not an unambiguously bullish balance: commercial crude, gasoline and distillate stocks all increased. Nevertheless, low absolute buffers, especially at Cushing, mean a fresh disruption could translate into prompt prices faster than it would in a well-supplied market. US crude production slipped by 63K kbpd to 13.798 million in the week ending July 17. Baker Hughes counted 450 oil-directed rigs on July 24, down two on the week but still ten higher than four weeks earlier and 38 above the comparable 2025 level. The message is nuanced: drilling activity is not collapsing, but neither does the latest weekly decline suggest an immediate shale surge that could neutralise a renewed Gulf shock. Furthermore, rig counts also affect output with a lag, making them a medium-term ceiling on prices rather than a near-term defence against disruption. Non-commercial WTI net longs rose by nearly 38.5K contracts to around 120.1K contracts in the week to July 28, according to the Commodity Futures Trading Commission (CFTC). The improvement was predominantly due to short covering: speculative shorts fell by roughly 33.6K contracts, while longs increased by around 4.8K contracts. Even after that rebound, net positioning stood at only the 11.4th percentile of the last three years, while net speculative exposure was nearly 6.5%, hovering near the 13th percentile. Speculative traders are no longer positioned for an extreme collapse, but they are far from crowded long.

A credible peace agreement may still trigger fresh selling, but another breakdown in negotiations could force both renewed short covering and new long demand, amplifying the upside response .

Source : https://www.fxstreet.com/analysis/why-the-wti-sell-off-may-be-hiding-a-supply-warning-202608041614

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MAJOR DATA RELEASED DURING LAST WEEK

MAJOR DATA COMING OUT THIS WEEK (Time zone GMT+3)

Disclaimer

Moving Average Convergence/Divergence (MACD):

MACD uses different exponential moving averages to generate buy and sell indicators. The lower pane of the chart shows two lines: a Differential Line and a Signal Line. The Differential Line is the difference between a short and long-period exponential moving average, typically 12 and 26 periods. The Signal Line is typically a 9-period exponential moving average. When the DL crosses the SL from above, a sell indicator is generated, and when it crosses from below a buy signal is generated.

Relative Strength Index (RSI):

This is a momentum indicator that measures a security's price in relation to itself. The lower pane of the chart shows a line that fluctuates on a scale of 0 to 100. Typically buy signals are generated at 30 and sell signals are generated at 70. If the line breaks 30, the security is oversold, and a reversal is imminent. If the line breaks 70, it is overbought and is due for a downward correction.

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