The overall trend of the currency pair is downward. The pair is trading in the range of 365 and 135 moving averages directed downwards. A start fractal formed below 135 moving average. A bearish divergence has formed on Awesome Oscillator, while Stochastic Oscillator indicator signals overboughtness.
Trading recommendations:
Sell at …
The overall trend is upward. A bullish divergence formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. A reversal pattern Hammer formed on the H1 timeframe.
Trading recommendations:
Buy Above 45.27.
Stop Loss – 44.37.
Target levels - 47.15; 48.60.
If the local minimum is updated, cancel the trading plan.
Gold has corrected upwards as there’s still no definitive US-China trade deal. If the US inflation and GDP data published today confirm the predictions, gold may remain under pressure.
The price is below the middle Bollinger band, below SMA 5, but above SMA 14. RSI is located below the level …
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