The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound from the top since April 29 against the US dollar following developments and economic data that they followed on the Australian economy, which included the Australian Central Bank disclosure of …
Thursday, May 6th, today’s news—global markets continue to rise on strong earnings reports. Job data in the US and the Bank of England meeting are in focus, Germany's factory orders are up, dollar consolidates near a two-week high. The price of Brent oil is $69.36, WTI—$65.95, EUR/USD is at 1.2028, GBP/USD—1.3905, …
#MA
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …
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