The pair dropped below the strong support level of 1.3735 amid today’s positive economy data in China. Caixin manufacturing PMI in May rose to 50.7 points, above the expected 49.6 points, and above April’s 49.4 points. This contributes to the optimistic outlook for China’s economic recovery, which also supports …
The stock is trading in the range of the lower border of the ascending price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern, …
The 1.9770 support level is holding back sellers. Probably an ascending wave M30 level pattern is formed, where the B wave has a truncated under the wave C (the descending M15 level pattern).
Trading recommendations:
Buy when an ascending pattern is formed, where the wave (as) breaks through the …
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