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The overall trend is downward. The assumed correction tested the price pivot zone of 1.1039 and ended with a breakout of the inclined channel. Stochastic Oscillator indicator signals overboughtness. Sell the pair while descending wave pattern is forming.

Trading recommendations:

Sell while the descending pattern is forming (you need to …

The Australian dollar versus the US dollar resumes its negative trading to approach the 0.6700 barrier, to keep the downtrend valid and active on the intraday and short term, supported by the negative pressure formed by the EMA50, while recalling that our expected target is at 0.6670, while achieving it …

Cisco stock fell below the 49.05 support level and continued to decline to the next support level 49.89 as the movement stabilized at this level near the 61.8% Fibonacci retracement.

The stock is currently moving below the moving averages 7-20, which have become resistances against the price, while the EMA50 …

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from the lowest since November 29, when it tested the lowest since October 10 against the US dollar on the cusp of developments and …

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session amid the US dollar index rebounding for the second session from the top since December 2, according to the inverse relationship between them on the cusp of developments and economic data expected on Thursday …

The dollar versus the yen resumed its negative trading after approaching the level of 109.33 in the previous sessions, and it is under constant negative pressure coming from the EMA50, to keep the bearish trend valid and active in the intraday basis, noting that our awaited target is at 108.40. …

The descending pattern is currently truncated (wave C did not break through 123.6% of wave A). Also, Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversoldness.

 Trading recommendation:

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

The pair is consolidating at the lower border of the emerging triangle which is clearly visible on the daily chart. The pair may drop only if the Bank of England either decides to lower the interest rate, or makes it clear that this may happen in the near future. Also, …

The 1.3210 support level is holding back buyers. An ascending truncated pattern was formed. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Buy while a descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending truncated …