The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its retracement to the fifth session from its lowest since August 19 against the Japanese yen amid scarce economic data by the Japanese economy and on the cusp of economic developments and …
#MAGN
The “long-legged doji” candlestick pattern has formed on the H4 level timeframe from the support level of 37.30. This candlestick pattern points at a likely reversal. Stochastic Oscillator indicates an oversold position, and Awesome Oscillator shows a bullish divergence.
Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed, …
EURUSD
The pair remains within the “rising flag” pattern for now. It is likely to test 1.1790. One negative factor is the weak new jobs data from ADP, another is the low inflation, which may force the ECB to come up with something new to stimulate the growth of inflation …
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