Bears have tested the bottom border of the Ichimoku cloud forming a reverse pattern “pin bar”. 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 structure.
Stop-loss is under the local minimum of …
News of the day, Thursday, April 21
U.S. Treasury yields climbed today as Fed’s Chairman Jerome Powell is about to make speeches later today, and investors are carefully spectating his public behavior to find any hint of the next monetary policy moves. Consequently, the 10-year Treasury bond rose 4 basis …
Gold is back to test the 1953.80 resistance in an attempt to correct the strong downside movement that occurred two days ago. Therefore, the price's success in breaking the resistance level will motivate buyers to increase purchase contracts, and thus try to push prices to rise further towards the level …
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