GBPNZD
The assumed correction is approaching the 50% Fibo level from the rising wave. A price pivot zone of 1.9634 is also there. If the level holds, a descending truncated pattern will continue to form. The bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition. …
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The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence, and the descending pattern is currently truncated.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …
Tuesday, September 1st, today’s news—S&P 500 and Dow had their best August since 1986. European and Asian markets are rising on the positive economic recovery data from China, oil is up 1% as the dollar hits its multi-year lows. The price of Brent oil is $45.71, WTI—$43.02. EUR/USD is at …
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