The general trend is ascendant. The descendant inner wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The currency pair is traded between 365 and 135 moving averages.
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Trade idea:
Buy when the ascendant wave structure forms, where the wave (A) …
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The continuation of Russia’s war against Ukraine may lead to a dramatic neon production decrease, which is an essential gas for semiconductor manufacturing. According to Peter Hanbury, the semiconductor expert of Bain & Co consulting company, more than half of neon in the …
Gold started the upward movement after it reached the resistance level of 1953.80 and managed to breach it. Therefore, there is a great opportunity to start an upward path, provided that trading is stable above the mentioned level.
The moving averages support the upward movement, as it is in an …
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