The support level of 1.1564 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. Awesome Oscillator indicates bullish divergence. On the H4 and H1 timeframes, a key reversal pattern was formed.
Trade idea:
Buy on the breakdown of 1.1628.
Stop-loss: …
Oil prices rose today as supply shortages were strong enough to cancel out fears of slackening fuel demand. Brent crude rose 0.6%, and WTI crude rose 0.8%.
Key tickers:
Brent: 94.75 — neutral.
WTI: 89.20 — buy.
NG: 8.096 — strong sell.
The U.S. dollar …
Gold was able to breach the previous top and approached 1800.00 levels to complete the bullish path that aims to breach 1800.00 levels and reach 1830.00 in the medium and long term.
The negative signal from the stochastic indicator might make us witness some bearish correction until the support levels …
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