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The general trend is descendant. The currency pair is trading between 365 and 135 moving averages. The ascendant wave structure of the M30 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C is breached.

Trading idea:

Sell when the …

The EUR/USD pair managed to break the resistance 1.0475 and reached the first target at the level of 1.0560. Therefore, it is a positive sign to end the old bearish path and start a bullish correction that may turn into a new path if trades stabilize above 1.0560, and the …

News of the day, Tuesday, May 17

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Yesterday, gold traded positively and rebounded to the upside, and was able to reach the resistance 1827.20, which constitutes the upper limit of the descending channel shown in the chart. Therefore, the price is considered to have achieved all its short-term targets. Therefore, the bearish trend scenario will continue as …

The pound sterling dollar pair starts an upward movement after it breached the resistance represented by the upper line of the descending channel shown in the chart. And settled above it to continue the bullish correction that appeared at the support 1.2170.

Therefore, the bullish movement will be likely during …

The EURUSD pair started a rebound to the upside and approached the resistance level 1.0475 in an attempt to correct the downside path. But it is facing negative pressures at the mentioned resistance represented by the EMA50, which is moving with the upper line of the descending channel and near …

The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure of the H2 level is truncated at the moment. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where …

News of the day, Monday, May 16

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Ford sold 7 million more shares of EV maker Rivian for nearly $188 million after getting rid of 8M …

Gold continues its declining path after reaching the support 1800.00 with the closing of last week's trading. It tried to rebound upwards at the beginning of today's trading, but it stopped at the resistance 1810.90. Therefore, the bearish trend scenario will continue as long as trades remain below the 1850.00 …

The pound against the dollar is trying to correct to the upside, as it bounced off the 1.2170 support, and reached the upper limit of the descending channel within which the price is moving.

The moving averages continue to negatively pressure the price, as the 20 moving average formed the …