The pound sterling against the dollar was unable to stabilize above the 1.3180 level, to start the week's trading with clear negativity, breaching the mentioned level and paving the way for a bearish path, ending the bullish movement that it tried to form last week, even if temporarily.
It should …
#BA
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The share is traded between 365 and 135 moving averages and the upper border of the descendant price channel. The inclined channel of the ascendant truncated structure …
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.
Watch NZD/CAD online
Trade idea:
Buy when the ascendant wave structure forms, where the wave (A) …
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