The pair remains in a short-term uptrend. It found support above 1.2125 and may significantly increase this week if the mood in the markets significantly improves.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level …
#ICE
The overall trend is upward. The downward pattern ended with the breakout of the inclined channel. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator signals oversold conditions.
Trading idea:
Buy shares when an ascending wave pattern is formed after the correction.
Stop Loss: 111.24. …
Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the third session in five sessions from its highest since February 11th, and to prepare for weekly losses, overlooking the negative stability of the US dollar index, …
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