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Trading idea for Diageo (LSE)

#DGE

The British alcohol company has announced yesterday that it quits the Russian market. This will lead to serious losses.

The share is traded inside the span of the descendant price channel’s lower border. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the …

EUR/USD currency pair analysis

The EUR/USD pair returned to the bearish rebound after it failed to stabilize above the resistance level at 1.0550. To approach the 1.0500 support. And it breaches the SMA50 level in an attempt to reach the main support 1.0475, under the negative influence of the stochastic indicator.

Moving below the …

GBP/USD currency pair analysis

The GBP/USD pair is testing the 1.2200 support level, which constitutes the minimum for the two-week sideways movement. And that after it breached the level of the moving averages, which are now moving above the price. It is also affected by the negativity of the stochastic indicator.

Therefore, the bearish …

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