The pair remains in a short-term uptrend amid strong market hopes for the global economic recovery vigorously in the post-pandemic period, which in turn supports the demand for commodity assets, to which the pair is sensitive.
Technical side:
The price is located above the middle Bollinger band, at the …
#IRAO
The stock is trading in the support level range of 5.1400. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop Loss under …
Monday, February 22nd, today’s news—global markets fall amid the general caution. Investors monitor the rising inflation, lockdowns, vaccination, the upcoming speeches of Jerome Powell and Christine Lagarde are in focus, oil prices rise on the US output slowdown. The price of Brent oil is $62.69, WTI—$59.64, EUR/USD is at 1.2108, GBP/USD—1.4019, …
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