Thursday, April 22nd, today’s news—European markets continue to rise, ECB meeting in focus. Asian markets also up, American stocks retreat, oil is down on pandemic concerns, dollar falls. The price of Brent oil is $64.87, WTI—$60.94, EUR/USD is at 1.2039, GBP/USD—1.3911, gold is $1,791.65 per ounce. Read the daily selection of analytical reviews …
The overall trend is upward. The descending wave truncated pattern (wave (C) didn’t breach 123.6% of wave A). A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaches the inclined …
The pair, after a slight correction to the level of 1.1995, turns up before the ECD’s final decision on monetary policy. Expect that the European regulator will not make any changes to its monetary rate. Amid the recovery in demand for risky assets and the "chronic" weakness of the …
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