The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the second session from its lowest since late July, when it tested its lowest since March 12 against the Japanese yen following the disclosure of the monetary policy data …
The pair is declining as tensions rise in the markets after the Fed’s outlook for the US economy and labor market was unveiled on Wednesday. This started redistribution of capital from the stock that was in demand on the peak of the pandemic to the industrial, financial and commodity …
#GPRO
The overall trend is upward. The 3.70 support level is holding back sellers. Stochastic Oscillator indicates an oversold condition. The inclined channel of the descending pattern is broken by the formation of the assumed wave (A) an the ascending pattern.
Trading recommendations:
Buy when an ascending wave pattern is …
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