The overall trend is ascendant. The descending wave patterns H8, H2, AND M30 are truncated at the moment. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
Trading idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches …
News of the day, Tuesday, 18 January:
Mideast tensions and limited supply made Brent crude reach a 7-year maximum of $87.55. Supply has interrupted after a Houthi group attacked the UAE fuel company ADNOC. Houthi is an Iranian-supported radical Islamic group from Yemen. Previously they have struck Saudi Arabia. WTI crude rose as well – by …
The dollar against the yen pair opened today's trading with a strong rise to breach the 114.65 level and settle above it. It tries to return to the ascending channel that appears in the chart above and resume the main bullish path. Now the price is on its way to …
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