The pair is correcting downwards after a noticeable rise caused by the optimistic outlook for the global economic recovery as countries lift lockdowns. After a possible slight correction, expect the pair to grow further.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above …
Oil continues to rise in price amid the production cuts and increasing demand.
The company’s shares are trading in the range of the lower boundary of the flat range. Breaking through the resistance level of 552.00 will result in the formation of an ascending pattern of 1-2-3. Also, Stochastic …
The overall trend is upward. The currency pair is trading in the range of the round important level 0.8900. Breaking through the round secondary level of 0.8920 will result in the formation of an ascending pattern of 1-2-3. Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy above the round …
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