Tuesday, August 25, today’s news—in the 2nd quarter, German GDP declined by 9.7% compared to the previous three months, this is the most significant rate of decline since the beginning of accounting for the indicator in 1970. US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin note progress in implementing the first halyard of the US-China trade agreement. The price of Brent oil is $45.77, WTI—$42.59. EUR/USD is at 1.1814. GBP/USD—1.3090, gold is $1,937.60 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator showed an exit from the oversold zone. A break of 9.96 will result in the formation of an ascending pattern of 1-2-3.
Trading recommendations: buy above 9.96; Stop Loss: 9.52; target levels: 10.50; 11: 00.
The growing demand for risk in the stock and commodity markets supports the pair. If the US Conference Board index data published today turns out to be no worse than the forecast, this will push the pair back to growth. Keep track of the rate changes in real time.
Trading recommendations: expect the pair to grow up first to 1.1880, and then to 1.1965.
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending truncated pattern of the H1 level ended with the breakout of an inclined channel. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator signals an oversold condition. Keep track of the price movement in real time.
Trading recommendations: buy when an ascending wave pattern is formed above 1.3115; Stop Loss: 1.3016; target levels: 1.3250; 1.3300.
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.
Gold price showed noticeable negative trades yesterday and completed forming a bearish continuation flag pattern, whose features appear on the chart above. The price is expected to get a negative motive that will push it to the awaited negative levels. The target levels start at 1770.00 and extend to 1734.00 ...
The GBP/USD pair tests the resistance line again, and clear overbought signs are noticed on the stochastic indicator, while the EMA50 continues to press negatively on the price.
These factors encourage us to continue suggesting a bearish trend for the upcoming period. Its targets are 1.3160 and 1.3050 after breaking ...
Gold price shows calm positive trades and is expected to test the EMA50, accompanied by the stochastic loss of positive momentum and the emergence of overbought signs. It will motivate the price to resume the expected bearish trend in the intraday term. The pattern targets testing 1770.00, and breaking this ...
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