The US dollar fell during the Asian session to witness its rebound for the second session from its top since February 24 against the Japanese yen amid the scarcity of economic data today by the Japanese economy and its American counterpart and in light of the growing fears of an …
The overall trend is downward. A shooting star reversal pattern has formed with a false breakout. The moving averages of Stochastic Oscillator are in the range of level 80 (overbought zone). The gap remains open.
Trading recommendations:
Sell at a breakout of 273.62.
Stop loss: 283.25.
Target levels: …
The overall trend is downward. The ascending (blue) pattern ended with the breakout of an inclined channel. Stochastic Oscillator moving averages showed an exit from the overbought zone and are directed downward. A breakout of 1.1388 will result in the formation of a descending pattern within the overall downtrend. …
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