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AUDCHF analysis 08.05.22020

The ascending H1 level pattern is truncated (wave C didn’t break through the 88.2% fib level). Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness.

Trading recommendations:

Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of the ascending truncated H1 …

AUDUSD analysis 07.05.2020

The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce for the third session in four sessions from the lowest since April 24 against the US dollar, following the developments and economic data that it had reported on the Australian …

EURUSD analysis 07.05.2020

The single currency fluctuated the euro in a narrow range slanting toward decline during the Asian session to witness its bounce to the fourth session from its top since the beginning of last month against the US dollar on the cusp of developments and economic data expected today Thursday by …

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