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GBP/USD currency pair analysis


The pound against the dollar is trying to correct to the upside, as it bounced off the 1.2170 support, and reached the upper limit of the descending channel within which the price is moving.

The moving averages continue to negatively pressure the price, as the 20 moving average formed the …

EUR/USD currency pair analysis


There is nothing new about the movement of the euro against the dollar, as the pair continues its bearish movement within the channel shown in the chart. Therefore, the bearish trend scenario will continue steadily as long as trading is stable below the 1.0475 level, and the target will be …

Trading idea for BNP Paribas SA (EURONEXT)


#BNP

The share is traded between 365 and 135 downbound moving averages. The trend continuation figure “pennant” is forming. Awesome Oscillator indicates bearish divergence, and moving levels of the Stochastic Oscillator are close to the overbought area.

Trading idea:

Sell after the price holds below the mirror level of 49.760, …

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