If the Fed’s meeting results in a decision to preserve the soft monetary policy aimed at the recovery of the national economy, and Jerome Powell confirms it at the press conference, expect the US dollar to resume decline.
Technical side:
The price is above the middle Bollinger band, above …
The overall trend is upward. The stock is trading in the range of the lower border of the ascending price channel. A descending wave pattern ("red") has formed, an inclined channel has also formed along it.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave …
The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its rebound from above for it since July 23, 2019, and to promise to end its longest daily gains march since late 2017 and early 2018 against the US dollar, following the …
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