The general trend is ascendant. The descendant wave structure is truncated. The currency pair trades between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through …
News of the day, Wednesday, March 23
Despite the recent rate hike by Fed, the S&P 500 rose rapidly by 6,2% last week, showing the most positive results since November 2020. However, Morgan Stanley strategists do not expect it to last long. The Treasury yield curve for 10-year and two-year …
Gold managed to breach the support level 1926.80, but it kept moving near this level in an attempt to end the sideways path and start a bearish path, provided it remains below the mentioned level and stays away from it to the downside.
The moving averages are an additional factor …
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