The overall trend is upward. The descending pattern is still truncated and the wave C has not reached the level of 123.6% of wave A. A bullish divergence has formed on Awesome Oscillator, and the moving indicators of Stochastic Oscillator enter the oversold zone.
Trading idea:
Buy strictly when an …
The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fourteenth session in twenty-two sessions from its highest since April 20, 2018 against the US dollar on the cusp of economic developments and data expected today, …
GBPUSD
The pair is trading amid a stronger US dollar, which is still supported by the growth in the yield of US Treasury government bonds.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is …
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