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.
Moving below the …
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.
Therefore, the bearish …
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.
Trading idea:
Buy when level 1823.00 is breached.
Stop-loss: 1818.00.
Target levels: 1824.40; 1840.00.
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