The currency pair trades in the lower edge of the ascendant price channel. The descending wave pattern has completed with the breach of the inclined channel. The Stochastic Oscillator signals the oversold conditions.
Watch USD/ZAR online
Trading idea:
Buy when the 15.2781 is breached.
Stop-loss: 15.1230.
Target level: 15.5000.
The EUR/USD pair resumed its negative trading significantly, to reach the awaited target at 1.1000 now. We expect the bearish bias to continue achieving more negative targets that reach 1.0890.
Therefore, the bearish trend will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50. …
Gold price opens today’s trading with noticeable positivity to touch the level of 1900.00. This reinforces the expectations of the continued bullish trend, which targets at 1960.00 and 2000.00 levels as the next major stations.
The EMA50 continues to support the bullish wave that is organized inside the ascending channel …
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