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Trading ideas for The Home Depot, Inc. (NYSE) 16.01.2020

The overall trend is downward. The resistance level of 225.50 holds back buyers. A bearish divergence was formed on the MACD indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.

Trading recommendations:

Sell below the support level of 222.40.

Stop loss for the resistance level of 225.50. …

AUDJPY analysis 16.01.2020

The resistance level of 76.08 holds back buyers. An H2 level ascending truncated patternhas formed. The formation of a bearish divergence on Awesome Oscillator indicator also indicates the weakness of the pattern.

 

Trading recommendations:

Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel …

EURUSD technical analysis 16.01.2020

The pair is trading in a short-term uptrend, above 1.1140 level. If the minutes of the ECB's December meeting published today show a lack of consensus on the prospects for a soft monetary policy of the regulator, this may push the pair to further growth.

The price is above the …

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