News of the day, Wednesday, 12 January
The USD index slides down as inflation measures linger. Fed’s head Jerome Powell announced decision making may require up to four more meetings. Dollar index fell to 95.563 continuing negative trend since the end of November.
Oil prices continued growth on the …
The GBP/USD pair shows additional positive trades to approach our awaited target at 1.3660, and continues to move within the ascending channel that supports the chances of surpassing this level and opening the way to achieving more gains in the upcoming sessions, as the next target reaches 1.3775.
Therefore, the …
The general trend is ascending. Currency pair fluctuates within 365 and 135 moving averages. The descending wave structures are truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator shows oversold conditions.
Trading idea: buy on initialization of ascending wave pattern where a wave (A) surpasses 1 .7151 level (pivot 2 …
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