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GBP/USD Trading Analysis (05/07/2024)

The bears are testing the lower border of the upward price channel at the USD Index. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

  • Sell when the formation of the descending wave structure begins, when …
IBM Trading Analysis (04/07/2024)

The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

  • Sell at the beginning of the formation of the downward wave structure, when the wave A breaches the sloping channel of the ascending …
EUR/NZD Trading Analysis (04/07/2024)

The trend is up. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition. The pair is trading near the lower border of the ascending channel.

Trading idea:

  • Buy on the …
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