The overall trend is downward. The currency pair trades in the range of the upper border of the descending price channel and the moving averages (365 and 135 EMA). A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.
AUD/CAD rate online:
The GBP/USD pair touched the 1.3355 level and rebounded significantly to make some bullish correction for the decline that started from 1.3834 areas. EMA50 forms continuous negative pressure in front of the price, while the stochastic indicator is showing clear negative signs now.
Thus, we believe that resumption of the …
Gold price ended last week’s trading above the level of 1860.00, which supported the overall positive scenario for the upcoming period despite the decline witnessed by the price at the opening of the day; now it is waiting to head towards 1900.00 as a main positive station.
The negativity of …
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