The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the second session from its high since September 15 against the Japanese yen amid scarcity of economic data at the beginning of this week by the Japanese economy and …
The pair may receive support today as the sentiment in the global markets improves, and riskier assets are in demand.
Technical side:
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold zone and is growing. Stoch are turning …
The overall trend is upward. The descending H2 level construction is truncated, and a bullish divergence has formed. The internal H1 level pattern is also truncated with the bullish divergence. Stochastic Oscillator signals an oversold condition. A reversal wave model is likely to form.
monitor the …
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