The currency pair is trading in the range of 135 and 365 moving averages directed upwards. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy strictly when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending (blue) …
News of another successful coronavirus vaccine trial in the US supports the demand for risk assets and puts pressure on the dollar. Also, the proposal of France and Germany to create a 500 billion euros recovery fund to help the most affected countries in the eurozone, supports the EUR …
The Australian dollar rose during the Asian session against the US dollar amid the scarcity of economic data by the Australian economy earlier this week and in the wake of the interview given by Federal Reserve Governor Jerome Powell with the program "60 minutes" on "CBS" and on the cusp …
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