Amazon started the downside movement after it managed to breach the support level at 3105.00, ending the sideways movement by breaching the aforementioned support level. Therefore, we are now facing a downside wave in the price that may extend to 2800.00 levels.
We notice on the chart that the price …
The overall trend is upward. The round minor level of 0.7620 held back the sellers. The "Double Bottom" pattern is probably forming. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy …
The pair is trading below 1.1900 amid the rising US government bond yields. If today's small pullback downwards stops, the pair may resume its downward movement after the upper correction.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI …
Don't have your language?
