The Australian dollar versus the US dollar shows some bearish tendency to approach the bullish channel support test, accompanied by the stochastic reaching the oversold areas, while the EMA50 continues to support the price from below.
Thus, we will continue to favor the bullish trend unless the 0.6407 level is …
The pair is consolidating above 1.2540 as the British PM Boris Johnson reports that the country's coronavirus epidemic has reached the peak and its negative impact will begin to decline soon. From a technical point of view, the pair remains in a short-term uptrend, which will lead to an …
Global stock markets are recovering as the lockdowns are eased. The downward presumed correction (H8 wave) ended with a breakdown of the inclined channel. Breakout of the level 218 will result in the formation of an ascending wave pattern within the wave C of an ascending level H8 pattern. …
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