The overall trend is downward (time frame H4). The ascending wave pattern of the H1 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while Stochastic Oscillator signals overbought conditions. The inclined channel of the truncated ascending pattern is broken.
GBP/AUD rate online: the price …
News for today, November 22:
The stock market started the week unsteady, while oil and euro were under pressure on Monday. This was prompted by the return of COVID-19 restrictions in Europe and talk of a hasty cut in stimulus from the U.S. Federal Reserve.
Oil prices climbed from seven-week …
The British pound against the dollar stays stable above the 1.3470 level, which keeps the bullish corrective trend scenario active for the upcoming period. The price is waiting to visit the 1.3540 level initially.
However, breaking 1.3470 will stop the expected rise and pressure the price to resume the main …
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