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Bulls have once again tested the round secondary level 1.5280. The ascendant wave structure of the H1 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The upper border of the Ichimoku cloud is also tested.

Trading idea:

Sell when the descendant wave structure forms, …

Gold started correcting upwards after the price rebounded from the support level of 1830.00 to breach the resistance level of 1845.00 upwards, and the bullish movement stopped temporarily at the moving average level 20, which constitutes resistance for the price at the value of 1856.00.

The 50 average continues negative …

The GBP/USD pair was able to complete the bearish continuation flag pattern and exited from below, thus opening the path to complete the decline with a movement that will extend to the lower limit of the descending channel that appears on the chart, and the initial targets will be 77.5% …

There is nothing new about the movement of the euro against the dollar, as the pair continues to move within a minor side channel that appears on the chart, within the main descending channel that extended for 6 weeks.

Therefore, the price remains under negative pressure to decline in the …

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Meta Platforms Inc, a Facebook owner, is planning cutbacks in the Reality Labs branch, the center for hardware products and metaverse projects. The Meta spokesman has confirmed that the branch can no longer support some projects and needs to postpone them.

The electric …

The euro against the dollar settled below 1.0540 levels, thus the price remains under negative pressure to decline in the medium term, and the target will be the level of 1.0450.

The moving averages constitute an additional negative pressure factor on the price, as it is moving around one level …

News of the day, Wednesday, May 11

UST stablecoin has lost its peg to the dollar. The cryptocurrency has dropped to $0.60. Treasury Secretary Janet Yellen has expressed concerns about the risks to the financial system.

Holiday group TUI expects to become profitable in 2022 as travel demand restores after …

Gold continues to move downwards, as it broke the support level 1845.00 and is approaching the next target 1827.20 in an attempt to complete the decline and reach the 1783.00 level.
 Noting that the price's attempt to breach the level of 1850.00 upwards may motivate the price to correct upwards. …

The GBP/USD pair forms a bearish continuation flag pattern, therefore, the price breaking the 1.2260 support will have a significant impact on the price movement and will lead to the continuation of the bearish path, and the target will be the lower line of the descending price channel that appears …

#HEI

The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The share is traded between 365 and 135 moving averages. The inclined channel of the ascendant truncated structure is breached.

Trading idea:

Sell when the 53.25 level …