The overall trend is upward. The descending H2 level pattern is truncated. Awesome Oscillator indicates a bullish divergence. A breakout of the resistance level of 1.5783 will result in the formation of an ascending wave pattern within the overall uptrend.
: monitor the price movement in …
The price pivot zone of 55.70 is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is formed, where wave A breaks …
The pair is consolidating in the range of 1.1740–1.1900 ahead of new employment data from the US Department of Labor. If the demand for risk assets persists, the pair will continue to rise against the backdrop of the dollar’s overall fundamental weakness.
Technical side:
The price is above the …
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