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The ascendant wave structure is truncated. Bulls have tested the moving average 200. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss is over …

News of the day, Thursday, May 26

Asian shares continue to slip today as minutes from the Fed’s meeting in May showed that the majority of the policymakers support 0,5% interest rate hikes in June and July.

Oil prices rose today after several days of a rally on signs of …

Gold achieved its bearish target and reached the support level 1845.00 within the bearish correction that it is making after previously achieving the target and reaching the resistance 1870.00 near the upper line of the ascending channel within which it is moving.

Currently, gold is considered to be in a …

The pound against the dollar continues its bullish movement and returns to test the 1.2590 resistance level again after it bounced off the 1.2490 support during yesterday's trading.

Therefore, the price completes the bullish scenario supported by the movement above the trend line and also from the moving averages, in …

The euro against the dollar pair achieved its initial goals, as it reached the lower line of the ascending channel within which it is moving, by correcting the bullish path after it previously reached its target at the upper line of the channel. Thus, it continues the upward movement within …

The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator signals overbought conditions. The support level 132.69 restrains buyers.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant wave structure.

Stop-loss is over the …

News of the day, Wednesday, 25 May

Asian stocks rose today despite central banks’ intent to increase interest rates and global worries about slower economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%, while Japan’s Nikkei 225 slipped 0.04%.

The dollar index strengthened after achieving the lowest …

Gold continues in the bullish path within the ascending channel that appears in the chart after it confirmed breaking the resistance 1845.60 and settled above it. Therefore, the upside scenario remains to dominate the price movement, and the targets will be levels of 1875.00, then 1890.00.

The averages support the …

The GBP/USD pair continues to move around the 1.2500 support level after it rebounded from the 1.2590 resistance.

In general, the price moves above an ascending trend line that forms a path for the price and a support level for it, and if the price succeeds in breaking the trend …

The EUR/USD pair achieved its first ascending target and reached the resistance 1.0750. Where the price continues to move within the ascending channel, which constitutes the initial path of the price and the limits of the price movement.

We are likely to see some bearish correction to the 1.0645 support …