GBPNZD
The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals oversold conditions. A bullish divergence has formed on Awesome Oscillator. Probably a downward movement is the wave (B) of an H2 level ascending pattern.
Trading idea:
Buy when an ascending wave pattern …
USDJPY
The pair is dropping strongly amid a possible correction in the stock markets. The continuation of such trends will lead to an increase in demand for the yen and to a further local drop.
Technical side:
The price is located below the lower Bollinger band, below SMA 5 and …
Monday, February 8th, today’s news—global markets continue to rise, Wall Street just had its best week since November, European markets are up on tech stocks. China announces new anti-trust laws aimed at tech giants, Brent oil hist $60 per barrel for the first time since January 2020, dollar is stronger. …
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