The resistance level of 0.6259 restricts the buyers. The pattern “Triple Top” has formed. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions. The breaching of 0.6228 will form the descendant pattern ABC.
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Trading idea:
Sell when 0.6228 is …
The euro against the dollar is trading below the 1.1150 level, to keep the negative pressure valid for the upcoming period, waiting to visit the 1.1000 level as a next main target.
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The EMA50 continues to support the suggested bearish wave, noting that breaching 1.1150 and stabilizing …
Gold price tested the pivotal support floor 1916.25 and rebounded upwards from there, to keep the bullish trend scenario valid and effective for the upcoming period. It is supported by the current positivity of the Stochastic Indicator, in addition to the EMA50 that carries the price from below, waiting to …
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