The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal has formed below the 135 EMA, and above is a signal fractal. Breaking through the start fractal will result in the formation of a downtrend pattern of …
Thursday, May 20th, today’s news—Bitcoin has returned to $40,000 after falling on Wednesday, when the cryptocurrency lost a third of its value and fell to $30,000. The price of Brent oil is $66.84 per barrel, WTI—$63.62. EUR/USD is at 1.2186, GBP/USD—1.4110, gold is $1.872.95 per ounce. Read the daily selection …
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The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator indicator signals oversold conditions. Breaking through the price pivot zone of 56.14 will result in the formation of an ascending wave pattern within the overall uptrend.
Trading idea:
Buy at …
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