The overall trend is downward. The price pivot zone of 1.7153 deters buyers. The ascending wave pattern of the H4 level is truncated, and a Bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 1.7029 will result in the formation of a descending wave pattern …
The pair remains in a short-term uptrend. It's getting closer to our goal of yesterday. The pair still has the potential to continue growing, if the overall positive sentiment in the markets persists.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA …
Monday, May 24th, today’s news—American GPU maker Nvidia Corp (NASDAQ: NVDA) will conduct a 4-to-1 split of shares. This split is the largest in its history and the first since 2007. The price of Brent oil is $67.09 per barrel, WTI—$64.32. EUR/USD is at 1.2196, GBP/USD—1.4137, gold is $1.881.90 per …
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