Analysis based on round-number levels, price channels and modified Elliot Waves
The resistance level of 77.08 holds back buyers. The ascending H8 level pattern is truncated. The internal H2 level pattern is also truncated. A bearish divergence is forming on Awesome Oscillator, while Stochastic Oscillator indicates an overbought condition. …
The risk appetite still weighs on the American dollar as investors turn to stocks. The situation is likely to persist, and this means the pair will continue to rise.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below 50% …
Wednesday, November 25th, today’s news—Dow Jones hits a record high of 30,000. Global markets reacted with growth, oil is up, gold continues to decline on vaccine optimism. European markets rise on the Wall Street optimism, vaccine hopes and political certainty in the US, Tesla stock price went up 427% since …
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