The overall trend is upward. The descending (red) wave pattern is truncated and has ended with the breakout of an inclined channel. A breakout of the resistance level of 0.7185 will result in the formation of an ascending wave pattern within the overall uptrend. Awesome Oscillator indicates a bullish …
The pair is trading in a short-term downtrend amid the rising oil prices and the overall growth in demand for risk assets in the markets. If this sentiment persists, the pair will fall further.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
E. ON (XETRA)
The price pivot zone of 9.80 is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition
Trading recommendations:
Buy above 9.98.
Stop Loss: 9.80.
Target …
Don't have your language?
