The pound against the dollar continues its bullish movement and returns to test the 1.2590 resistance level again after it bounced off the 1.2490 support during yesterday's trading.
Therefore, the price completes the bullish scenario supported by the movement above the trend line and also from the moving averages, in …
The euro against the dollar pair achieved its initial goals, as it reached the lower line of the ascending channel within which it is moving, by correcting the bullish path after it previously reached its target at the upper line of the channel. Thus, it continues the upward movement within …
The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator signals overbought conditions. The support level 132.69 restrains buyers.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant wave structure.
Stop-loss is over the …
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