years on the market
Friday, July 3rd, today’s news—optimism returns to the markets: yesterday's trading closed with a plus in the US and the EU. Released employment numbers turned out to be better than predicted, successful virus drug trial also contributed to the optimistic sentiment. EUR/USD is at 1.1239; GBP/USD—1.2464; Brent oil is $42.58 per barrel, WTI—$40.10; gold is $1,784.25. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
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A descending truncated H2 level pattern is forming, probably a wave (B) of the ascending H8 level pattern. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition. Keep track of the rate changes in real time.
Trading recommendations: buy when an ascending pattern is formed, where wave (aC) breaks through the inclined channel of the descending truncated H2 level pattern.
The pair is consolidating in a narrow range, as a public holiday, Independence Day, is observed in the US. Low market activity is expected today. Keep track of the rate changes in real time.
Trading recommendations: buy the air when it drops with a target level of 1.1300.
The support level 56.70 deters sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition. Keep track of the rate changes in real time.
Trading recommendations: buy when a 1-2-3 ascending pattern is formed: above 59.90; stop loss below the support level of 56.70; target levels: 64.00, 67.60.
Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.
*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.