The US dollar fluctuated in a narrow, bullish range during the Asian session against the Japanese yen, following the developments and economic data that were followed on Monday by the Japanese economy, and amid scarce economic data early this week by the US economy, the largest economy in the world. …
The descending pattern is truncated. A bullish divergence has formed on Awesome Oscillator indicator (the price has overstepped the balance line at the point (B) — “breaking the bear’s back”, then the minimum on the chart was updated without updating the indicator’s minimum). Stochastic Oscillator indicates an oversold condition. …
The overall trend is downward. The currency pair is trading in the range of 364 and 135 moving averages, and the ascending H1 level pattern is truncated. Stochastic Oscillator also signals an overbought condition.
: monitor the price movement in real time.
Trading recommendations:
Sell when …
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