The currency pair is trading in the range of the resistance level of 1.9185 and the upper limit of the descending price channel. A bearish divergence has formed on Awesome Oscillator, and the Stochastic Oscillator signals overbought condition.
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Trading …
#KO
The Coca-Cola shares experience a significant correction caused by a negative report amid the pandemic. The support level of 48.20 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the …
The pair dropped below 1.2700 ahead of the Bank of Canada’s monetary policy meeting. The regulator is expected to leave interest rates unchanged, which will support the Canadian currency as oil prices rise.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA …
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