The overall trend of the currency pair is upward. Now the pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while the rising pattern 123 is forming, strictly after …
The resistance level of 108.50 holds back buyers. A pin bar reversal pattern formed on the H4 timeframe. Bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals oversoldness. The nearest support level is 107.30.
Trading recommendations:
Sell Below 107.30.
Stop Loss – 109.15.
Target levels-105.60; 103.20; …
The pair has formed a double top reversal pattern, which continues it’s formation. The Fed may stop cutting rates, and this will put pressure on the pair.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located on the oversold zone line and …
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