The currency pair trades in the range of the upper border of the descending price channel. The ascending wave pattern of the H2 level is truncated. A false breakout of the top of wave A has formed. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic …
Gold price hovers around the 1825.15 level, facing strong resistance there. We wait for the negative momentum that appears on the stochastic indicator to pass. This will help the price obtain a positive stimulus that will contribute to pushing it up, breaching the mentioned level and then heading towards our …
The pound sterling against the dollar surged yesterday and breached the 1.3530 level; now it is heading towards more rise in the intraday term and is about to test the 23.6% Fibonacci retracement level. Breaching this level will extend the bullish wave to aim directly at 1.3730.
Therefore, the bullish …
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