The pound sterling against the dollar formed an upward rebound movement and approached the 1.3050 resistance after trading settled above the 1.3000 support level during the past two days.
The continuation of the movement below the level of 1.3060 maintains the opportunity for the continuation of the descending path towards …
The historical level 19.72 restrained sellers forming a multi-candle “triple bottom” figure. The descendant structures are truncated. The inclined channel of the descendant structure is breached. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the 20.080 level is breached.
Stop-loss: 19.720.
Target levels: 20.420; 20.800.
News of the day, Tuesday, April 19
Gold rises as investors strive for a safe-haven asset amid intensifying military assault in Ukraine and soaring U.S. inflation and recession risks. Gold has reached 6-week highs trading slightly below $2000. At the same time, the Dollar Index broke above 100 for the …
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