Analysis based on modified Elliott waves, Fibonacci retracement, and price channels
The overall trend is upward. H2 level descending wave pattern is truncated. The internal H1 level pattern is also truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave …
Analysis of currency pairs based on modified Elliott waves, Fibonacci retracement, and price channels
The overall trend is upward. H8 and H2 level descending patterns are truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
EURRUB rate online: in …
Friday, May 7th, today’s news—European and Asian markets continue to rise ahead of the US jobs data, American markets are flat. Oil rises on better-than-expected economic indicators in the US and China, dollar is under pressure. The price of Brent oil is $68.11, WTI—$64.68, EUR/USD is at 1.2080, GBP/USD—1.3924, gold is …
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