The pair is balancing above 1.1760, remaining under pressure amid stronger US dollar positions caused by the renewed growth in Treasury yields due to sales caused by fears of increased inflationary pressure in the U.S, which is stimulated by a vigorous recovery in the country's economy.
Technical side:
The …
#GE
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Breaking through the resistance level of 13.10 will result in the formation of an ascending wave pattern within the wave (C) of the ascending pattern of the H1 level.
Trading idea: …
Amazon continues to move sideways around the support level at 3105.00, after it managed to rise from the support level at 2880.00. Thus, ending the lower movement by breaching the mentioned levels
We notice on the chart that the price is moving between the 20- 50 moving averages, so …
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