#MA
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Breaking through the resistance level of 365.70 will result in the formation of an ascending wave pattern within the overall uptrend.
Trading idea:
Buy at the breakout of 365.70.
Stop Loss: …
The pair is under pressure in the wake of strong US employment data released on Friday. But today is the Easter holidays in Europe and active trading will begin only with the opening of trading in the US. Expect that the US dollar will receive local support.
Technical side: …
Friday, April 2nd, today’s news—Japanese stock market rises, Nikkei 225 is up 1.5%. In the US, payroll data is in focus, figures are expected to be strong, dollar continues to gain. The price of Brent oil is $64.67, WTI—$61.30, EUR/USD is at 1.1780, GBP/USD—1.3833, gold is $1,730.45 per ounce. Read …
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