Analysis based on modified wave analysis, Fibonacci retracement and price channels.
On the W1 timeframe, a bullish divergence has formed, Stochastic Oscillator signals an oversold condition. The descending W1 level pattern is truncated at the moment. The bears tested the historic price pibvot zone 1.7415.
monitor …
The pair are under pressure amid fears in financial markets over the new, more quickly spreading COVID-19 strain in the UK. Spreading to mainland Europe may increase the death toll and cause new lockdowns.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
Monday, December 21st, today’s news—after months of unsuccessful talks, the US Congress approves a $900 billion support package hours before deadline. A new coronavirus strain in the UK: the pound sterling, stocks of European companies, oil are down, gold and the dollar soar. The price of Brent oil is $50.39, …
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