A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are in the overbought range. Probably, the upward movement is a wave (B) of the descending wave side of the D1 level. The inclined channel of the ascending wave pattern is broken.
The pair is consolidating above 1.2100. If it stays above this level, then there is a possibility of resuming its growth, if not today, then next week.
Technical side:
The price is located below the middle Bollinger side, below SMA 5 and SMA 14. RSI is below the 50% …
Thursday, April 29th, today’s news—the Fed maintains dovish monetary policy, keeps the interest rate unchanged. Global markets rise, Apple and Facebook earnings beat estimates, oil prices rise, dollar is down. The price of Brent oil is $67.29, WTI—$64.33, EUR/USD is at 1.2115, GBP/USD—1.3938, gold is $1,777.10 per ounce. Read the daily selection of …
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