Friday, April 16th, today’s news—China's GDP grew by the record 18.3% year-on-year, but the quarterly growth missed the expectations. Oil prices are at a month high, Asian markets are mixed, American stocks are flat after Dow closes at the record 34,000, Treasury yields and gold are down, dollar strengthens, European …
The descending wave pattern is truncated. The support level of 149.57 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop Loss …
The pair is declining due to profit-taking and the resumption of growth in the yield of US treasuries.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. The movings have crossed and are giving a sell signal. RSI is below the …
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