The trend is ascendant. The currency pair is traded in the descendant price channel’s lower border span. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms.
Stop-loss: 1.4659.
Target levels: 1.4716; 1.4768.
Gold settled above the 1850.00 support level during yesterday's trading, with attempts to end the bearish wave and start an upward movement, and the targets will be 1865.00 and then 1890.00 in the medium term.
In general, the price is moving around the level of the moving averages, and the …
The GBP/USD pair continues to move sideways over the medium term. It tried to test the resistance level 1.2590 again and failed to breach it, to rebound downwards towards the support level 1.2470, which constitutes the minimum sideways path.
The EMA50 is negatively pressing the price and preventing it from …
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