The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions. In the range of the resistance level, a “Pin Bar” reversal pattern with a false breakout was formed.
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The GBP/USD pair made an attempt to breach the 1.3795 level, but it was unable to stay long above it and fluctuated at the bullish channel’s support again. It is worth noting that the stochastic indicator is providing new positive signals now, waiting to stimulate the price to resume the …
Gold price ended yesterday’s trading below the 1797.00 level, which provides signs of the return of the negative pressure’s control on the intraday term. However, the price is still within the bullish intraday channel that appears on the chart, which signals that opportunities are available for recovery and compensation of …
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