The general trend is descendant. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.
Stop-loss is beyond the local maximum of the ascendant …
Who’s been waiting for a rate hike? Here it is
News of the day, Wednesday, 16 March
The outbreak of Covid-19 in China is supposed to hit at least 50% of first-quarter gross domestic product, Citi analysts predict. Since the week started, China has witnessed the worst covid flare-up since …
Gold continues its bearish movement after it managed to breach the support level 1926.70 and settle below it, thus opening the way for more decline and an attempt to reach the next target 1892.20.
The moving averages are an additional factor for the continuation of the bearish movement as they …
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