The pair is trading higher amid the growing demand for risk assets, as well as the massive support measures (QE) from the Fed and the US Treasury. But today the pair may correct downwards due to the correction in the stock markets and then continue the upward trend.
The …
The stock is trading at the upper border of the descending price channel. The resistance level of 258.00 is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell below the support level 249.84.
Stop loss for the local maximum …
The overall trend is downward. The currency pair is trading slightly above 365 and 135 moving averages. Stochastic Oscillator signals overboughtness, and Awesome Oscillator has formed a bearish divergence.
Trading recommendations:
Sell while a descending wave pattern is forming, where the wave (as) breaks through the inclined channel of …
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