#CMI
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages.
Stochastic Oscillator signals an oversold condition. A breakout of the resistance level of 222.70 will result in the formation of a 1-2-3 ascending pattern.
Trading recommendations:
Buy when the 1-2-3 …
Optimism dominates over the global markets as vaccination begins in the UK, and a new stimulus package is expected in the US. Strong economic data from China has a positive impact on the commodity currencies, which may continue to push the pair up.
Technical side:
The price is above …
The currency pair is trading in the range of the upper limit of a descending price channel on the weekly timeframe (W1).
monitor the price movement in real time.
On the H1 timeframe, an ascending M15 level pattern is truncated, and Stochastic Oscillator signals an overbought condition. …
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