years on the market
Monday, August 17th, today’s news—massive job losses await the airline industry, over 75,000 employees in the US only have been warned their jobs are at risk. European markets are mixed amid the slumping travel industry and mounting geopolitical tensions; helped by China, Asian markets rise, which also boosts oil prices; in the US, the dollar is weaker, and Treasury yields fall. The price of Brent oil is $44.78, WTI—$42.05. EUR/USD is at 1.1846, GBP/USD—1.3102, gold is $1,959.60 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
The overall trend is upward. The 1.7230 support level is holding back sellers. Awesome Oscillator indicates bullish divergence, while Stochastic Oscillator indicates an exit from the oversold zone. A breakout of 1.7395 will result in the formation of an ascending wave pattern within the overall uptrend. Keep track of the price movement in real time.
Trading recommendations: buy above 1.7395; Stop Loss under the support level 1.7230; target levels: 1.7520, 1.7665.
The pair is trading above the strong support level of 0.6520. The pair is negatively affected by the US-China tensions, ahead of the RBNZ meeting minutes to be released on Tuesday. Keep track of the rate changes in real time.
Trading recommendations: if the pair falls below the 0.6520, it may go further down to 0.6450.
The overall movement is upward. The stock is trading in the range of 365 and 135 moving averages. The price pivot zone of 500.0 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition. A breakout of the price pivot zone of 514.3 will result in the formation of a 1-2-3 ascending pattern.
Trading recommendations: buy above 514.3; Stop Loss: 500.0; target levels: 529.5, 562.5.
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*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.