The US dollar fluctuated in a narrow range slanting toward decline, to witness its bounce for the fifth session from the top since February 21 against the Japanese yen, amid the scarcity of economic data by the Japanese economy at the beginning of this week, and following the extension of …
The overall trend is downward. Stochastic Oscillator signals overboughtness. The assumed D2 level wave B (H4 level pattern) has to be completed with a breakout of the inclined channel in order for the downtrend to continue.
Trading recommendations:
Sell while a descending pattern is forming, where the wave (as) …
The overall trend is downward. The 164.0 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A breakout of 154.50 will result in the formation of a 1-2-3 descending pattern within the overall downtrend.
Trading recommendations:
Sell below 154.50. …
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