The general trend is descendant. The currency pair fluctuates between 365 and 135 moving averages. The inner ascendant structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where a wave (A) breaches through …
News of the day, Monday, March 14
Oil prices have decreased about $4 today, continuing the last week’s decline following the diplomatic efforts to end the war in Ukraine. Brent crude futures decreased 3.4%, and WTI crude futures is down by 3.5%. Russian-Ukrainian negotiators have arranged one more meeting on …
Gold continues to move within the ascending channel that appears in the chart, after it failed to breach the support 1955.00 at the end of last week, to stabilize trading within a sideway sub-path between the support level 1955.00 and the resistance 1995.00.
The price is currently moving around the …
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