The overall trend is ascendant. The pair trades in the range of 365 and 135 MO testing the 365 EMA. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signal the oversold conditions.
Trading idea:
Buy when the ascendant wave pattern is formed, …
Gold trading is settling around the support level 1926.70, with negative pressure from all indicators, and the stochastic indicator starts moving down after the negative crossover, which includes within the previously overbought area.
The moving averages, in turn, are pressuring the price to decline, as the average 50 stopped the …
The GBP/USD pair continues its bearish path after testing the resistance level 1.3180 and failing to breach it, to rebound lower towards the 1.3127 support and breach it in an attempt to confirm the bearish path that was formed previously by breaking the 1.3180 level during the past week.
The …
Don't have your language?
