The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is under the local …
News of the day, Monday, June 27
The U.S. dollar fell slightly off its 20-year high of 105.79. The dollar index was down 0.35% at 103.608.
European stocks jumped to their two-week highs with the STOXX 600 index up 0.7%.
The rouble weakened today as Russia entered into a sovereign …
The EURUSD pair continues the bullish movement that started with the rebounding from the EMA50, and it reached its first target at the resistance level of 1.0550, and it is trying to break it at the moment of writing this report.
The bullish movement comes under the influence of the …
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