years on the market
Thursday, May 21st—today's news: the US dollar is rising despite the Fed's pessimistic outlook. European markets continue to fall amid the gloomy economic data, tensions between the US and China to continue escalating later into the year, experts say. EUR/USD is at 1.0974, GBP/USD—1.2229; Brent oil is $36.43 per barrel, gold is $1,733.85. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
The support level of 77.15 holds back sellers. A pennant trend continuation pattern has formed on the chart. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. Keep track of the rate changes in real time.
Trading recommendations: buy when an ascending 1-2-3 pattern is formed, strictly on the breakout of the upper border of the pattern.
The 147.20 support level is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. A descending (red) pattern has formed. Keep track of the rate changes in real time.
Trading recommendations: buy when an ascending pattern is formed, where the wave (A) breaks through the inclined channel of the descending (red) pattern, completing it.
The pair is trading below the strong support level of 72.35 amid the high demand for OFZs from non-residents, as well as the stronger growth in crude oil prices. The price will return to 64.00–65.00 earlier than predicted, in the beginning of June. Keep track of the rate changes in real time.
Trading recommendations: if the price goes below 71.00, it will drop further down to 70.00.
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.