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Gold price is trading above 1860.00, which keeps the bullish trend scenario valid and effective for the upcoming period. It is also supported by the EMA50 that carries the price from below. The price is waiting to head towards 1900.00, our next main target.

The current negativity of the stochastic …

The GBP/USD pair rushed upwards to breach the 1.3470 level and settle above it, which gives way to more bullish correction on the intraday term, targeting the 1.3540 level as a next stop. Breaching it will push the price to visit the 1.3595 level as a second corrective station.

The …

News for today, November 17:

Crude oil edged lower on Wednesday after an industry report revealed that U.S. gasoline inventories fell more than expected last week. Data from the American Petroleum Institute industry group showed that gasoline inventories fell 2.8 million barrels over the past week. It is well above …

NZD/CAD

The descending wave pattern is truncated. The supposed corrective pattern of the H4 level tested 50% of the Fibo of the wave (A D1?). A bullish divergence has formed at the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

NZD/CAD rate online: monitor the price movement in real time. …

#DUK

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending …

The pound sterling against the dollar maintained stability below the 1.3470 level, and rebounded downwards from there to resume the expected bearish path for the upcoming period. The way is open to visiting the 1.3355 level as the first target.

Therefore, we await more decline today, noting that breaking the …

Gold price ended yesterday’s trading with noticeable negativity and settled below 1860.00. However, the stochastic indicator gained positive momentum, and we expect it to motivate the price to rise again, while the EMA50 continues to support the price from below.

Therefore, we are likely to witness positive trades in the …

USD/JPY

The currency pair trades in the range of the upper flat border. The resistance level of 114.32 holds back the buyers. A bearish divergence has formed at the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions. The ascending wave pattern of the H2 level is truncated.

USD/JPY rate online …

The gold price maintains its stability above the 1860.00 level, and obtains continuous positive support from the EMA50. It is waiting for a positive stimulus that will push the price to resume the main bullish trend, whose next target is at 1900.00.

Therefore, the positive scenario remains valid for the …

The GBP/USD pair shows sideways trading and settles near the 1.3400 level. The price is under the negative pressure that the EMA50 continues to show, awaiting the resumption of the descending pattern, whose next target is at 1.3355. Breaking this level is required to confirm the path towards 1.3160.

On …