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The resistance line 157.78 restrains buyers. The ascending truncated wave of H4 level has finished with piercing the inclined channel. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator’s moving levels have gone outside overbought zone forming bearish divergence.

Trading idea:

Sell below support line 156.72. (When a descending wave pattern …

The pound sterling against the dollar succeeded in surpassing the 1.3660 level and settling above it, which supports the continuation of our bullish trend expectations in the upcoming sessions, and the way is open to visit 1.3785 then 1.3815 as the next main targets.

The ascending channel continues organizing the …

The gold price reached a few points from our awaited target at 1825.15, and it shows some slight bearish bias now, affected by the negativity of the stochastic indicator, while the EMA50 provides positive support for the price to encourage us to suggest more bullish bias during the upcoming sessions, …

News of the day, Wednesday, 12 January

The USD index slides down as inflation measures linger. Fed’s head Jerome Powell announced decision making may require up to four more meetings. Dollar index fell to 95.563 continuing negative trend since the end of November.

Oil prices continued growth on the …

The GBP/USD pair shows additional positive trades to approach our awaited target at 1.3660, and continues to move within the ascending channel that supports the chances of surpassing this level and opening the way to achieving more gains in the upcoming sessions, as the next target reaches 1.3775.

Therefore, the …

The general trend is ascending. Currency pair fluctuates within 365 and 135 moving averages. The descending wave structures are truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator shows oversold conditions.

Trading idea: buy on initialization of ascending wave pattern where a wave (A) surpasses 1 .7151 level (pivot 2 …

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The general trend is ascending. The share is traded within bottom limit of the ascending channel span. Mirror level 121.50 restrains sellers. The descending wave structure is truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy on the initialization of ascending pattern where …

The euro against the dollar is showing a new bullish tendency to gradually approach the 1.1375 level, which provides indications that the price is heading to surpass this level and open the way to achieving more expected gains on the intraday basis, supported by the positivity of the stochastic indicator. …

The Pound Sterling dollar pair built on the ascending channel support and rebounded to the upside to resume the main bullish trend, and the way is open to achieve our awaited target at 1.3660.

Therefore, we continue to suggest the bullish trend that gets continuous support from the EMA50, noting …

Gold price achieved a clear breach of the 1797.00 level and closed the daily candle above it, to stop the suggested negative scenario in our recent reports and turn to the upside, on its way to visit the 1825.15 level as a first main station.

Therefore, we expect to witness …