The general trend is ascendant. The descendant wave structure is finished breaching “the pivot 2 of the wave C”. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The support level 99.00 restrains sellers.
Trading idea:
Buy …
Gold makes a bouquet and correction of the strong and descending path that opened the week's trading. Where the prices touched the support 1890.00 and thus achieve all the goals he has in the descending movement, after it reached the main resistance of 1996.00 during the past week, and then …
The pound vs the dollar arrived at 1.2700 and was stretched in an attempt to correct the strong bearish path that constitutes last weekend and the beginning of this week. Where the price fell as a result of the power of the dollar and the main support level is 1.2835, …
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