The pound against the dollar rose towards the resistance level 1.2000, in an attempt to correct the downside path and start a new ascending path. But the presence of the EMA50 above the price constitutes a resistance level for it.
The negative signal that comes from the stochastic indicator remains …
The EUR/USD pair continues its low movement after it settled below the support level of 1.0200, and therefore the bearish scenario remains active during the upcoming period, and the target will be the level of 1.0150, then 1.0100.
The moving averages are pressing the price to decline further, as it …
#RRC
The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Bears have tested the lower border of the ascendant price channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms.
Stop-loss: 23.30. …
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