The Australian dollar against the US dollar achieved a clear breakout of the support level of the ascending channel and settled below it, and is approaching forming a double top pattern whose features appear in the image, its confirmation level is at 0.7665, which means that breaking it will confirm …
The pair declined significantly over the past week as the demand for risk assets falls, ahead of Joe Biden’s inauguration and the ECB monetary policy meeting. If the negative sentiment in the markets persists, the pair will be highly likely to resume decline.
Technical side:
The price is located …
#PLZL
The global trend is upward. Probably, an upward pattern of the D1 level is being formed, now the price is in the correction wave (B D1). Awesome Oscillator i shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is forming, …
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