Tuesday, May 11th, today’s news—markets are waiting for the release of US consumer price data on Wednesday to determine if inflationary pressure rises. Dollar edged higher in early European trade Tuesday, but gains were capped by the strength of commodity currencies on the back of rises in the prices of …
#CRM
The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending wave pattern.
Stop loss under …
The pair found support at 1.2125 and may continue its upward trend, despite a drop in investor interest in buying company shares amid negative signals on the US economy, which indicate that there are objective risks of its weaker recovery than previously expected.
Technical side:
The price is located …
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