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The currency pair is traded inside the upper border span of the descendant price channel. The ascendant wave structure of the H8 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches …

#BN

The general trend is descendant. The resistance level 58.20 restrained buyers. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The price holding below the mirror level 54.66 may maintain further decline within the descendant trend.

Trading idea:

Sell below the mirror level 54.66.

Stop-loss is over …

The general trend is ascendant. The double bottom multi-candle figure is likely to form. When the support level 159.50 is tested, bullish divergence will preserve as the histogram bars are very high, and the moving levels of the Stochastic Oscillator will move to an oversold area.

Trading idea:

Buy from …

#FRE

The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence. The share is trading between 365 and 135 downbound moving averages.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated …

The general trend is descendant. The currency pair is trading inside the descendant price channel span near to its upper border and the round secondary level 1.0420.

Trading idea:

Sell from the upper border of the descendant price channel — 1.0420.

Stop-loss is over the round intermediate level 1.0450.

Target …

News of the day, Friday, May 6

Asian shares decreased to a 7-week low as the U.S. interest rate hike and China’s persistent zero-Covid strategy fear investors.

The British Prime Minister Boris Johnson loses London voters in local elections after the scandal when Johnson broke his own Covid rules.

The …

Gold was unable to hold above 1900.00 and 1890.00 levels to return to the bearish rebound and close yesterday's trading session below the mentioned level. The descending path is resumed within the descending channel that appears on the chart.

Moving averages press the price further down. Where the moving average …

The GBP/USD pair continues to move lower after breaking the 1.2500 support level, which is close to the 61.8% Fibonacci retracement, breaching several levels of support, before the movement temporarily stabilized near the 1.2350 support.

The moving averages constitute an additional negative pressure factor on the price, being within the …

#DTE

The resistance level 17.854 restrains buyers. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss is over …

The general trend is ascendant. The descendant wave structures are truncated — the reverse wave model is forming. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant …