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 …
Cisco stock fell below the 49.05 support level and continued to decline to the next support level 49.89 as the movement stabilized at this level near the 61.8% Fibonacci retracement.
The stock is currently moving below the moving averages 7-20, which have become resistances against the price, while the EMA50 …
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