The general trend is descendant. The currency pair is trading inside the descendant price channel span near to its upper border and the round secondary level 1.0420.
Trading idea:
Sell from the upper border of the descendant price channel — 1.0420.
Stop-loss is over the round intermediate level 1.0450.
Target …
News of the day, Friday, May 6
Asian shares decreased to a 7-week low as the U.S. interest rate hike and China’s persistent zero-Covid strategy fear investors.
The British Prime Minister Boris Johnson loses London voters in local elections after the scandal when Johnson broke his own Covid rules.
The …
Gold was unable to hold above 1900.00 and 1890.00 levels to return to the bearish rebound and close yesterday's trading session below the mentioned level. The descending path is resumed within the descending channel that appears on the chart.
Moving averages press the price further down. Where the moving average …
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