The trend is descendant. The currency pair is traded between 365 and 135 EMA. Awesome Oscillator indicates bearish divergence. The ascendant wave structure is truncated.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is …
Commodities market
Oil prices rose today, extending the previous session’s $5 gains. Brent crude futures rose 5.1% yesterday and continue today with 0.3%. WTI crude futures rose 0.33% today.
Key tickers:
Brent: 106.30 — strong buy.
WTI: 99.50 — strong buy.
NG: 7.458 — strong buy.
Foreign exchange market
The …
Gold was unable to break the support level 1700, as it tested this level with the closing of last week's trading, and rebounded from it to the upside in a correction of the descending path to the moving average level 20, which formed the first resistance areas for the price. …
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