The overall trend is upward. The descending pattern ended with the breakout of an inclined channel and is truncated. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator moving averages have left the oversold zone. A breakout of 2.0596 will result in the formation of an ascending wave pattern …
Gold is under pressure due the emerging chaos in the global market after the demand on the US dollar unexpectedly rose. It is likely that the local weakening of the price of gold will continue if the panic does not subside.
The price is below the middle Bollinger band, above …
The Australian dollar pair traded against the US dollar with a strong negative yesterday to succeed in achieving our extended target which is at 0.6230, which represents the support of the main descending channel that appears in the picture, and according to the trading rules inside the price channels, the …
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