The ascending M30 level pattern is currently truncated. An extended bearish divergence is likely to form (a double top pattern confirmed by a bearish divergence). Stochastic Oscillator indicates an overbought condition.
monitor the price movement in real-time.
Trading recommendations:
Sell when a descending wave pattern is …
Wednesday, October 7th, today’s news—Trump postpones stimulus talks until after the election. Markets reacted with a decline, quickly followed by a recovery amid the rising popularity of the Democratic candidate Joe Biden, and the expectations of a massive stimulus package in case of his victory. The price of Brent oil …
The Australian dollar against the US dollar succeeded in achieving our first awaited target at 0.7100 and stabilizes near it, waiting for further decline to surpass this level and pave the way for our next target that extends to 0.6964.
Consequently, the bearish trend scenario will remain valid and effective …
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