The EUR/USD pair was able to break the support level 1.0475, thus starting the descending path towards the support level 1.0400, which is likely to continue the bearish scenario provided that trading remains below the support level 1.0475.
The price is currently forming a rebound upward movement, as a result …
The EUR/USD pair returned to the bearish rebound after it failed to stabilize above the resistance level at 1.0550. To approach the 1.0500 support. And it breaches the SMA50 level in an attempt to reach the main support 1.0475, under the negative influence of the stochastic indicator.
The GBP/USD pair is testing the 1.2200 support level, which constitutes the minimum for the two-week sideways movement. And that after it breached the level of the moving averages, which are now moving above the price. It is also affected by the negativity of the stochastic indicator.
Gold is traded in the span of the descendant price channel’s lower border. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
The trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C of the ascendant structure is breached.