years on the market
Monday, May 25th—today's news: the US are introducing new sanctions against China. The dollar index is rising, Brazil has become a new coronavirus hotspot. EUR/USD is at 1.0886, GBP/USD—1.2180; Brent oil is $35,15 per barrel, gold is $1,729.30. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
The currency pair is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. A descending truncated patter has formed. Keep track of the rate changes in real time.
Trading recommendations: buy when an ascending wave pattern is formed; stop loss under the price pivot zone of 1.0884; target levels: 1.1008, 1.1050.
Sberbank shares are trading in the range of 150 and 365 moving averages. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. Keep track of the rate changes in real time.
Trading recommendations: buy when an ascending wave pattern is formed; stop loss under the price pivot zone of 1.0884; target levels: 1.1008, 1.1050.
The pair continues to move in the range of 1.0760–1.1015 amid the internal economic problems in the eurozone, as well as the uncertainty created by Brexit and the US-Chinese confrontation. Keep track of the rate changes in real time.
Trading recommendations: the pair declined below 1.0885. Expect the price to go further down to the likely local target of 1.0760.
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.