The general trend is ascendant. Bears have tested the moving average 200 at the level 0.9690. Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy when the candle closes above 0.9730. (Close above the last impulse bearish candle at H1)
Stop-loss: 0.9690.
Target levels: 0.9850; 0.9973.
News of the day, Thursday, May 19
S&P has lowered the 2022 GDP growth prognosis for some countries. USA economic growth is expected to decrease to 2.4% from 3.2%, and the EU GDP outlook may decrease to 2.7% from 3.3%.
Strategists assume a 0.5% interest rate hike in India at …
Gold settled around the support 1810.90 after rebounding from the resistance level. It showed weak trading yesterday. In general, we will continue to suggest the bearish path as long as the price continues to move below the level of 1850.00 in the medium term. The target will be the 1780.00 …
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