The descendant wave structures are truncated. The historical support 1.3391 restrains sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant truncated structure is breached.
Trading idea:
Buy when level 1.3424 is breached.
Stop-loss: 1.3391.
Target levels: 1.3450; 1.3520.
The pound sterling against the dollar did not form any significant movement during yesterday's trading, as it settled within a sideways range around the level of the two moving averages 7-20, but the bearish path remains the most likely in the coming periods, due to the negative pressure of the …
Gold is trading around the resistance level 1810.90 since yesterday, as the price tried to breach this level, but failed to do so, to move within a sideways range around the resistance level and try to breach it, affected by the positivity of the stochastic indicator and also the fact …
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