The pair hit 105.00, but may resume the decline amid the uncertainty around the US presidential election and the persisting demand for safe haven assets, including the yen.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The inclined channel of the descending pattern is broken. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
monitor the price …
The overall trend is upward. The stock is trading in the range of an ascending price channel. Start fractal has formed above the 135 moving average, the breakout of which will result in the formation of a 1-2-3 ascending pattern. Stochastic Oscillator signals an oversold condition.
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