The pound against the dollar continues to move sideways around the support level 1.2590, as it tried yesterday to breach it but failed to do so, to continue moving around this level. This is under pressure from the moving averages that form the initial borders of the price movement, as …
The euro against the dollar is stabilizing near the broken support level 1.0750, after yesterday it reached the support 1.0690, and it rebounded again to the upside.
The moving averages form a limit to the price movement, as the 50 average formed a support level and stopped the decline that …
#CL
The ascendant wave structure 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) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 79.33.
Target levels: 76.35; 74.00.
Don't have your language?
