The general trend is descendant. The currency pair is trading between 365 and 135 moving averages. The ascendant wave structure of the M30 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C is breached.
Trading idea:
Sell when the …
Gold failed to breach the resistance 1827.20, then returned to complete the descending path within the descending channel shown in the chart. And it reached the support level 1810.90 and is trying to breach it, and the target will be the level of 1780.00.
The moving averages formed resistance levels …
The pound sterling dollar pair rose during yesterday's session and the beginning of today's trading, and managed to break the resistance level of 1.2340, and reached the next target at the level of 1.2490.
The moving averages support the bullish movement, but we notice that the price moved away from …
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