The pair is trading above 1.1930 amid a decrease in support for the dollar from US treasuries, the yield of which was under pressure due to the US consumer inflation data publication, which turned out to be more moderate than expected.
Technical side:
The price is located above the …
#CL
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop loss under the …
On the W1 timeframe, the currency pair is in the range of the lower border of the ascending price channel. On TF H1, the round intermediate level of 1.6550 is holding back sellers. The descending pattern of the H2 level is truncated. A bullish divergence is formed Awesome Oscillator, …
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