The price pivot zone of 8.2518 held back sellers. The descending pattern of the H8 level is truncated. A bullish divergence has formed on Awesome Oscillator.
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Trading idea:
Buy when an ascending wave pattern is formed, where wave (A) …
#CMS
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The breakout of 56.85 will result in the formation of an ascending wave pattern and the breakout of the inclined channel of the descending pattern.
Trading Idea: …
Friday, February 19th, today’s news—pound sterling hits $1.40 for the first time in three years, retail sales are down in the UK. Oil dips on fears of rising OPEC supply, European and Asian markets are mixed, eurozone business activity is down, but manufacturing grows, dollar weakens as a disappointing jobless …
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