The pound vs the dollar arrived at 1.2700 and was stretched in an attempt to correct the strong bearish path that constitutes last weekend and the beginning of this week. Where the price fell as a result of the power of the dollar and the main support level is 1.2835, …
The general trend is ascendant. The descendant wave structure is truncated. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined …
News of the day, Tuesday, April 26
Elon Musk and Twitter came up with the long-awaited deal terms. The social network is to be acquired for $44 billion. Musk, a free speech enthusiast, is going to shift Twitter’s moderation policy just as he announced before. He previously criticized Twitter for …
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