Thursday, April 1st, today’s news—European markets are up amid important economic data releases, factory activity and inflation rise, chipmaker stocks rally. Hong Kong stocks rise 2%, American markets are also up after Joe Biden unveils his $2 trillion infrastructure recovery plan, dollar strengthens. The price of Brent oil is $63.75, WTI—$60.25, …
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The medium-term trend is upward. The hammer pattern has formed on the W1 timeframe, which also signals a likely upward movement. The inclined channel of the descending pattern is broken. Breaking through the round secondary level of 21.80 will result in the formation of an ascending pattern of 1-2-3. …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals oversold conditions, and Awesome Oscillator shows a bullish divergence.
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Trading idea:
Buy on the formation of an …
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