The formed gap tested the historical level of 207.30. The overall trend remains upward. The stock is trading in the range of the lower border of the ascending price channel. The resistance level of 211.50 holds back buyers.
Trading recommendations:
Buy above 211.50.
Stop loss under the price pivot zone …
The overall trend is downward. The assumed correction tested the price pivot zone of 1.1039 and ended with a breakout of the inclined channel. Stochastic Oscillator indicator signals overboughtness. Sell the pair while descending wave pattern is forming.
Trading recommendations:
Sell while the descending pattern is forming (you need to …
The Australian dollar versus the US dollar resumes its negative trading to approach the 0.6700 barrier, to keep the downtrend valid and active on the intraday and short term, supported by the negative pressure formed by the EMA50, while recalling that our expected target is at 0.6670, while achieving it …
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