The US dollar fell during the Asian session to witness its rebound to the fourth session from its top since March 26 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected …
Stock markets continue to show a strong recovery. 365 and 135 moving averages also indicate an uptrend, and Stochastic Oscillator signals oversoldness. If the price remains above the resistance level of 30.600, it will continue further up.
Trading recommendations:
Buy above 30.60.
Stop loss: 29.73.
The target is 32.50. …
The currency pair is trading in the range of the 1.7120 resistance level. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. A breakout of the round intermediate level of 1.7050 will result in the formation of a descending pattern of 1-2-3.
Trading recommendations:
Sell below 1.7050 …
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