The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The currency pair is traded in the lower border of the ascendant price channel span.
Trading idea:
Buy when the ascendant wave structure forms, where …
News of the day, Thursday, April 7
Main American stock indexes fell on Wednesday with dramatic losses in tech stocks after new hawkish Fed announcements and minutes from the interest rate meeting held on 15-16 March. The tech-heavy Nasdaq declined 2.2% for the second day in a row. The Dow …
Gold continues to move sideways after the price returned to test the support 1921.60 again, and the price is trying to pressure it to breach it and start a bearish path towards the next support 1909.00.
The moving averages are pressing the prices for more decline, as they are moving …
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