Analytics based on price channels, Fibonacci levels, and modified wave analysis for the Smart Trading system.
On the D1 timeframe, D1 and …
The pair is trading above 0.7575 and 0.7600. The pair will be supported by the chronic weakness of the US dollar amid the Fed's monetary policy, strong demand stocks and expectations of a new stimulus package from the Congress.
Technical side:
The price is above the upper Bollinger band, …
Thursday, December 17th, today’s news—Jerome Powell says the Fed will keep supporting the economy until recovery is secured. American and European markets rise, the US dollar continues to weaken, oil prices are up. The price of Brent oil is $51.60, WTI—$48.34, EUR/USD is at 1.2234, GBP/USD—1.3584, gold is $1,883.10 per …
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