The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound to the fifth session from its lowest since December 21, 2020 against the US dollar amid the scarcity of economic data by the Australian economy and on the cusp of …
Thursday, June 24th, today’s news—European stock indices fell, despite the optimistic PMI data. The composite index of the largest enterprises in the region Stoxx Europe 600 dropped 0.73% to 453.1 points. The price of Brent oil is $75.47 per barrel, WTI—$73.36. EUR/USD is at 1.1938, GBP/USD—1.3964, gold is $1.776.95 per …
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The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages directed upwards. Bullish divergence has formed on the Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The descending wave pattern is truncated.
Trading idea:
Buy when an ascending wave pattern is …
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