The overall trend is downward. The ascending wave pattern of the H4 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.
EUR/GBP rate online: the price movement in real time.
Trading idea:
Sell when a descending wave pattern …
News for today, November 29:
Oil prices rebounded on Monday as investors started buying more oil after Friday's slump, as well as on speculation that OPEC + could halt output increase in response to the spread of the Omicron strain. Oil prices fell more than 10% on Friday, the largest …
Gold price ended last Friday’s trading below the 1797.00 level, which reactivated the bearish trend scenario, and the price is waiting to visit the 1770.00 level as the first negative target.
The EMA50 forms strong negative pressure that supports the continuation of the expected decline, noting that breaking the target …
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