The overall trend is upward. The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.
AUD/USD rate online: the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave …
Gold price managed to breach the 1825.15 level and close the daily candle above it. This supports the bullish trend scenario for the intraday and the short term, and the way is open towards 1860.00, our next target.
The EMA50 supports the price from below; breaking the level 1825.15 and …
The currency pair found it difficult to surpass the 1.3610 level and showed some temporary bearish bias. The stochastic indicator is trying to gain positive momentum on the intraday time frame, which would support the chances of surpassing the mentioned level and heading towards 1.3730 as the next positive target. …
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