The currency pair is traded in the upper edge of the descending channel. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
EUR/NZD rate online: the price movement in real time.
Trading idea:
Sell when the …
The pound sterling against the dollar rebounded upwards after reaching the outskirts of 1.3160. The pair tested the resistance of the main descending channel, waiting for the resumption of the bearish trend. The bearish targets begin by breaking the mentioned level to confirm the extension of the descending wave …
Gold price ended yesterday’s trading below 1,797.00. It provided signs of a possible return to the decline. We notice that the EMA50 is trying to protect the price from incurring more losses, while the Stochastic Indicator is showing clear positive signs now.
Therefore, this conflict between technical factors makes …
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