#OR
The general trend is ascendant. Descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence. The support level 301.00 restrained sellers.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss: 301.00.
Target levels: 375.00; …
The general trend is ascendant. Bears have tested the moving average 200 at the level 0.9690. Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy when the candle closes above 0.9730. (Close above the last impulse bearish candle at H1)
Stop-loss: 0.9690.
Target levels: 0.9850; 0.9973.
News of the day, Thursday, May 19
S&P has lowered the 2022 GDP growth prognosis for some countries. USA economic growth is expected to decrease to 2.4% from 3.2%, and the EU GDP outlook may decrease to 2.7% from 3.3%.
Strategists assume a 0.5% interest rate hike in India at …
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