The general trend is upward. The currency pair is trading within the range of the lower boundary of the main upward price channel and the upper boundary of the internal correctional price channel. The Awesome Oscillator indicator has bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy …
As weak manufacturing data from China and Japan signaled a smaller demand outlook, oil prices dropped today. Brent crude futures were down 0.8%, and WTI crude slid 1.2%.
Key tickers:
Brent: 103.51 — neutral.
WTI: 97.47 — strong sell.
NG: 7.921 — strong sell.
The …
Gold continues its bullish movement, as it reached the 1770.00 resistance at the end of last week's trading, and it is trading positively today and trying to test the mentioned resistance level and breach it and confirm the bullish scenario and the target will be to reach the level of …
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