The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator signals overbought conditions. The support level 132.69 restrains buyers.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant wave structure.
Stop-loss is over the …
News of the day, Wednesday, 25 May
Asian stocks rose today despite central banks’ intent to increase interest rates and global worries about slower economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%, while Japan’s Nikkei 225 slipped 0.04%.
The dollar index strengthened after achieving the lowest …
Gold continues in the bullish path within the ascending channel that appears in the chart after it confirmed breaking the resistance 1845.60 and settled above it. Therefore, the upside scenario remains to dominate the price movement, and the targets will be levels of 1875.00, then 1890.00.
The averages support the …
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