The overall trend is ascending. The descending wave patterns are truncated. The currency pair is traded in the range of the lower bound of the ascending price channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
EUR/AUD rate online: the price …
The GBP/USD pair approached the first awaited target at 1.3160 yesterday and rebounded strongly to test the resistance of the main descending channel once again. The price movement maintains its cohesion below this resistance so far, to keep opportunities available for the continuation of the main bearish trend, waiting to …
The price of gold declined significantly yesterday after breaking the 1,770.00 level, but it stopped at 1,753.00 and rebounded upwards strongly to settle around the EMA50, within the bearish triangle flag pattern that appears on the image. The Stochastic Indicator loses its positive momentum and appears overbought now. This forms …
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