The pair found support at 1.2060 as the moderate optimism returns to the market. This may lead to a local rebound, but the growth will be limited, as investors await tomorrow’s monetary policy decision by the ECB.
Technical side:
The price is located below the middle Bollinger band, above …
The overall trend is downward. Ascending patterns of the H4 and H2 levels are truncated. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overbought condition. A breakout of 1.7626 will result in the formation of a descending pattern, which completed the ascending truncated pattern of the H2 level. …
#KHC
The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …
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