The GBP/USD pair opens today's trading positively, and is expected to test the resistance level that appears on the chart above. However, it is still within the main descending channel, and it is under the negative pressure from EMA50, while the stochastic indicator is gradually losing its positive momentum.
These …
Gold price fluctuates with quiet negativity, and is expected to approach the 1770.00 level. Negative trades are supported by the negative pressure formed by the EMA50, and the price awaits more decline to go beyond the mentioned level and extend the descending wave towards 1734.00.
Therefore, the bearish trend scenario …
News for today, December 7:
The U.S. dollar gained support on Tuesday against safe-haven currencies such as the Japanese yen. This was prompted by a jump in U.S. yields and the hope that the consequences of the Omicron variant would be less significant than first expected. Asian stocks also rebounded …
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