The US dollar fell during the Asian session, to witness its rebound to the fourth session from its highest since July 23 against the Japanese yen amid scarcity of economic data by the Japanese economy and before economic developments and data expected today, Tuesday, by the US economy, the largest …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. An ascending truncated pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition. A breakout of 0.9514 will result in the formation of a …
The pair remains in a short-term downtrend amid the fundamental weakness of the US dollar and the return of oil prices to recent local highs. If this trend continues, the pair will continue to fall.
Technical side:
The price is below the lower Bollinger band, below SMA 5 and …
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