The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The descending pattern of the H4 level is truncated. A bullish divergence has formed on Awesome Oscillator.
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#BABA
The descending wave pattern is truncated. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 holds back sellers.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated …
Friday, April 9th, today’s news—European markets are mixed after retreating from record highs, Germany reports a rise in exports, but a drop in industrial output. Oil is trading steady, Treasury yields rise ahead of PPI, dollar rebounded form lows. The price of Brent oil is $63.25, WTI—$59.74, EUR/USD is at 1.1888, …
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