The overall trend is upward. The bears are testing the 0.7392 support level. Stochastic Oscillator signals oversold conditions. Probably, the downward movement is a wave (B) of the ascending pattern of the D1 level.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks …
Wednesday, May 26th, today’s news—Blockchain startup Arabian Chain Technology has announced the release of its own digital currency, DubaiCoin. It will become a full-fledged payment and investment vehicle. The price of Brent oil is $68.89 per barrel, WTI—$66.08. EUR/USD is at 1.2235, GBP/USD—1.4152, gold is $1.906.85 per ounce. Read the …
Futures contracts for gold prices fluctuated in a narrow range that is tilted to rise during the Asian session, to witness its highest since the eighth of January, with the US dollar index declining and stabilizing near its lowest in more than four months, according to the inverse relationship between …
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