The pair is turning down against the backdrop of the stronger US dollar as the demand for risk assets has increased due to hopes of Democrats and Republicans agreeing on new stimulus package to support the American economy and citizens.
Technical side:
The price is located above the middle …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The downward pattern ended with the breakout of the inclined channel (aC wave). A breakout of the top (aC) will result in the formation of an ascending wave pattern within …
After the split, the company’s shares became available to a larger number of buyers. However, the share price declined slightly against the backdrop of the overall negative mood on the stock markets. The downward pattern ended with the breakout of an inclined channel. A breakout of the resistance level …
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