The price pivot zone of 763.90 holds back sellers. Probably, the downward movement is a corrective wave (B), an upward construction. Also, Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where the wave (as) breaks through the inclined channel of the descending pattern.
Stop loss …
The currency pair is trading in a descending price channel (H4 timeframe). At the same time, a second bullish divergence is likely to form on Awesome Oscillator indicator. The support level of 1.0665 is holding back sellers.
Trading recommendations:
Buy while an ascending 123 pattern is forming, strictly after breaking …
The pair is trading below 108.60, remaining under pressure amid falling demand for risky assets due to the new coronavirus. If this factor remains an influence, the pair will be put under downward pressure.
The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI …
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