The overall trend is downward. The ascending H2 level pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition.
monitor the price movement.
Trading recommendations:
Sell …
The pair is consolidating above 1.1700 after yesterday’s drop. The main negative factor is the uncertainty of the US election and the second wave of COVID-19 in Europe, which supports the US dollar as a safe-haven currency.
Technical side:
The price is located on the lower Bollinger band, at …
The general movement is upward. The price pivot zone of 85.20 holds back sellers. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence. A breakout of the inclined channel by the formation of an ascending pattern will result in …
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