Amazon shares continue to move sideways despite the decline that occurred at the end of last week, as the stock traded below the ascending channel in which it was trading, which is shown in the chart. The price is currently trying to breach the support level at the lower end …
Analysis based on modified Elliot Waves, Fibonacci retracement, and price channels
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals an oversold condition. The inclined channel of the descending pattern is breached. The breakout of 0.7287 will result …
Monday, March 1st, today’s news—Treasury yields are down, global markets rise. Pan-European Stoxx 600 is up 1.7%, Dow rises 300 points, oil is up amid the US stimulus package progress, dollar is down, riskier currencies in demand. The price of Brent oil is $65.40, WTI—$62.42, EUR/USD is at 1.2031, GBP/USD—1.3935, gold is …
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