Aeroflot continues its descending path after breaching the support 68.30 and moving towards the level of 50.60, which is the target for the downside movement.
The price continues to move below the moving averages 507-20- which moves in a bearish order above the price near the 68.31 resistance level and …
A descending pattern has formed, which is currently truncated. Moving averages of Stochastic Oscillator are in the oversold zone. A breakout of the downward sloping channel pattern will result in its completion and the price will be able to recover after the drop caused by the pandemic crisis.
The currency pair is trading in the range of the upper limit of the descending price channel. The ascending H2 level pattern is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition. A breakout of 0.6859 will result in the formation of a descending …
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