A price channel pattern in simple terms is when the price is running between (in a channel) support and resistance levels. When price is in a channel, it tends to stay in that channel until a channel breakout happens. Now, there are two main kinds of price channels : The horizontal channel. The diagonal price [...]
The US notched more than 52000 new COVID 19 cases in 24 hours Wednesday, reported by JohnsHopkins University. This is the new record of infections around the country. 52898 more cases was recorded as of 8.30 pm Wednesday, so the total number of cases in US counted to 2682270. Public health experts on Wednesday criticized [...]
Quarterly Tankan Manufacturing and Non-Manufacturing data from Japan prints upside momentum which favors yen. Growing expectations of a recovery led business sentiment to jump back into positive territory for the first time since February. Chief Cabinet Secretary Yoshihide Suga said today that Japan is currently not in a situation to declare a state of emergency [...]
RBA deputy governor Guy Debelle, in a webinar address to the Economic Society of Australia on Tuesday, said that country is showing better signs for the economy but still the country is facing a historically large decline. The Board has announced a target for the three-year Australian Government bond yield of around 25 basis points. [...]
