Thursday, October 8th, today’s news—France's economy recovered 16% in the Q3. European and American markets rise amid stimulus hopes in the US, Dow futures are up 150 points, dollar is weaker as the risk appetite rises. The price of Brent oil is $42.70, WTI—$40.56, EUR/USD is at 1.1764, GBP/USD—1.2957, gold …
A descending (red) pattern is truncated. Awesome Oscillator indicates a bullish divergence. A descending pattern ended with the breakout of an inclined channel. A breakout of 175.0 will result in the formation of 1-2-3 (an ascending pattern).
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The Australian dollar against the US dollar is fluctuating around the moving average 50, which constitutes a good intraday resistance against the price, noting that the stochastic oscillator is now crossing negatively, which supports the chances of resuming the expected bearish trend for the upcoming period, whose next target is …
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