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Trading Idea for American Electric Power Company Inc. (NASDAQ)

#AEP

The overall trend is upward. The stock is trading near the lower limit of the ascending price channel. Awesome Oscillator shows a bullish divergence. The moving averages of Stochastic Oscillator are directed upwards from the oversold zone. Breaking through the resistance level of 83.07 will result in the formation …

USDCAD analysis

USDCAD

The overall trend is downward. The ascending pattern of the H4 level is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. The inclined channel of the ascending pattern is broken, which gave the completion of the ascending pattern. Breaking through the support level of …

EURUSD technical analysis

EURUSD

The pair is trading above the 1.05 level while remaining in a short-term downtrend. Data on inflation in the eurozone will be announced today and may locally support the pair, but overall, due to the ECB’s monetary policy and the difficult economic situation in Europe, it may go further …

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