The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The currency pair is traded in the lower border span of the ascendant price channel.
Trading idea:
Buy when the ascendant wave structure forms, where …
News of the day, Monday, April 11
BMW CEO Oliver Zipse predicts the semiconductor crisis to remain a problem for the auto industry until 2023.
“We are still in the height of the chip shortage. I expect us to start seeing improvements at the latest next year, but we will …
News of the day, Friday, April 8
World food prices reached a record high in March after the war in Ukraine caused grains and edible oils supply concerns. The Food and Agriculture Organization (FAO) food price index was at 159.3 last month, while in February it was 141.4. Both Ukraine …
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