AUDUSD continues to fluctuate at the resistance of the descending channel, and faces a contradiction between the positivity of the move above SMA 50 and the negativity of the stochastic, which makes us continue to remain neutral until we get a clearer signal for the next trend, which we will …
Amazon continues to move below the lower bound of the ascending channel it breached two weeks ago but is moving upwards towards 1885.01 resistance.
The Fibonacci retracement rate of 61.8% formed support for the price and pushed it higher.
The price action is above the 7-20 moving averages which turned …
The stock is trading within the upper range of the downward price channel. A breakout of the price pivot zone 120.40 will result in a breakout of the price channel. Awesome Oscillator shows a Bullish divergence, and Stochastic Oscillator shows exiting from the oversold zone.
Trading ideas:
Buy above 120.40. …
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