#AEP
The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss …
The pair remains in a short-term uptrend amid a strong recovery in the global economy this year, which will contribute to the growth of demand for commodity and commodity assets. In this situation, high-yielding currencies, as well as the Australian dollar, will receive support.
Technical side:
The price is …
Wednesday, February 24th, today’s news—European markets rise on upbeat German data, exports and construction activity are up, economic growth beats forecasts. The Fed's chairman Jerome Powell said the low rates are here to stay, the central bank will continue to buy government bonds, oil is down on the rising stockpiles …
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