#BN
The general trend is descendant. The resistance level 58.20 restrained buyers. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The price holding below the mirror level 54.66 may maintain further decline within the descendant trend.
Trading idea:
Sell below the mirror level 54.66.
Stop-loss is over …
The general trend is ascendant. The double bottom multi-candle figure is likely to form. When the support level 159.50 is tested, bullish divergence will preserve as the histogram bars are very high, and the moving levels of the Stochastic Oscillator will move to an oversold area.
Trading idea:
Buy from …
The general trend is descendant. The currency pair is trading inside the descendant price channel span near to its upper border and the round secondary level 1.0420.
Trading idea:
Sell from the upper border of the descendant price channel — 1.0420.
Stop-loss is over the round intermediate level 1.0450.
Target …
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