The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure of the H1 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) …
News of the day, Friday, May 20
Kashkari: the Fed is cutting down the balance sheet much faster than it used to be increased during the pandemic.
Forbes: the collapse of UST and LUNA will lead to improved decentralized products emerging.
According to the German Chamber of Commerce and Industry …
Gold prices rose during yesterday's trading, and with the opening of today's session, it approached the main target 1850.00 and is currently settling at the resistance level of 1845.60, where the price is trying to breach this level and start the bullish path.
In case the price fails to break …
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