Wednesday, November 18th, today’s news—weak retail sales data in the US weighs on the global markets despite the new vaccine euphoria. The Fed's head talks about the need for further support for the economy, Asian markets are mixed following the overall strong Japan data, yet the carmaker stocks are down, …
The pair dropped below the key level of 104.00 amid lower risk appetite in equity markets and weak data on retail sales in the US published on Tuesday.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the …
The overall trend is upward. The stock is trading in the range of the moving averages 365 and 135. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator shows an oversold condition.
Trading recommendations:
Buy when the ascending wave pattern is formed, where the wave (A) breaks through the inclined …
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