The pair is supported as the Chinese economy is recovering and the pandemic’s peak is expected to be passed soon, as well as by RBA’s leaving the interest rates unchanged. As the pandemic subsides, the US dollar will weaken further amid the stimulus measures by the Fed and the …
The overall trend is downward. A reversal wave model has formed, where the waves C H8 and C H2 are truncated. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell strictly while a descending wave pattern is forming, where wave A breaks through the …
No new OPEC+ deal has been reached so far. The lack of agreement on oil production cut will lead to a further decrease in oil prices. The oil consumption has decreased, pushing down the prices.
The overall trend is downward. A bearish divergence has formed on Awesome Oscillator, and …
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