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24.03. Fresh trading analysis: markets continue to fall, dollar strengthens

Wednesday, March 24th, today’s news—markets continue to fall amid the doubts over economic recovery and lockdown concerns. European and Asian stocks are trading at two-week lows, investors await PMI release in Europe, oil bounced back, dollar strengthens as a safe haven currency. The price of Brent oil is $62.55, WTI—$59.40, EUR/USD …

EURUSD analysis

The descending pattern of the H8 level is truncated. A multi-light "double bottom" pattern is formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed, …

Trading idea from Schlumberger Limited (NYSE)

#SLB

The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel and the 365-moving average. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

 

Trading idea:

Buy when an ascending wave pattern is …

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