Analysis based on round-number levels, price channels and modified Elliot Waves
The currency pair is traded in the range of the lower border of the upward price channel. Price pivot zone 9.6085 held back sellers, while the Stochastic Oscillator (30.10.10.) indicates that the price is in the oversold zone. Breaking …
USDCAD
The pair is trading below 1.3180 amid a correction in crude oil prices. If the price stays below this level as the oil prices resume growing, it is likely to continue its local decline, but if the oil quotes go down, the pair may begin an upwards correction.
The …
Sber Bank was able to breach the resistance at SMA 50, so the price continues the bullish move, which was confirmed after exiting the descending channel that was trading two weeks ago.
The price is moving above the 7-20-50 moving averages that form support levels.
Stochastic is within the overbought …
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