The Fed lowered its interest rate from 1.75% to 1.25% yesterday. This decision was made to stimulate the economy and support stock markets in difficult times.
A descending truncated pattern has formed on the chart. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator shows an exit from the oversold …
Gold is correcting downward after reaching a local maximum after the Fed cut the interest rates by 0.50 at an emergency meeting. This correction is likely to be associated with the possibly positive opening of trading in the US today, which is hinted at by the US stock indices. Positive …
The currency pair is trading in the range of the round important level 0.6000. A bullish divergence has formed on Awesome Oscillator. Leaving the zone of the round important level will result in the formation of an ascending pattern 1-2-3.
Trading recommendations:
Buy above 0.6025.
A stop loss for 0.5972. …
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