The bears are testing the support level formed in April 2021. The descending wave pattern of the H8 level is truncated. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold condition.
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Trading idea:
Buy when an ascending …
Thursday, August 5th, today’s news — according to the results of August’s meeting, the Bank of England probably will not change the main parameters of monetary policy, despite calls from some members of the leadership to tighten it, experts predict. The price of Brent oil is $70.29 per barrel, WTI …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A Bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.9244 will result in the formation of a descending wave pattern within the overall downtrend.
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