The pair may receive support today as the sentiment in the global markets improves, and riskier assets are in demand.
Technical side:
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold zone and is growing. Stoch are turning …
The overall trend is upward. The descending H2 level construction is truncated, and a bullish divergence has formed. The internal H1 level pattern is also truncated with the bullish divergence. Stochastic Oscillator signals an oversold condition. A reversal wave model is likely to form.
monitor the …
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The overall trend is upward. The round important level of 100 deters sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition. The stock is trading in the range of 365 and 135 moving averages.
Trading recommendations:
Buy when an ascending wave pattern is formed, …
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