The general trend is descendant. The currency pair is traded in the 365 and 135 moving averages span. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant …
Gold prices rebounded from the support level of 1846.70 to the upside, after the decline that occurred at the end of last week as a result of the American news.
The price of an ounce is trading near the level of 1855.0.
The 20-58 moving average forms a support level …
The pound against the dollar is back to test the resistance level 1.2590 again, as it opened today's trading positively, as it rebounded from the support level 1.2470 affected by the positivity of the stochastic indicator, which gives a bullish signal.
The moving average 50 is a resistance for the …
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