The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce to the seventh session in thirteen sessions from the top since March 27 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on …
The pair is rising after yesterday’s drop caused by the collapse in crude oil prices. Today, amid the backdrop of the positive market sentiment, expect a local growth and the formation of the descending flag trend continuation pattern.
Technical side:
The price is at the level of the middle …
The 0.9000 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. An ascending truncated H4 level pattern has formed.
Trading recommendations:
Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel of the …
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