USDMXN
The descending wave pattern is truncated. The price pivot zone of 20.00 holds back sellers. 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 …
#T
The price is approaching the support level of 28.31, which is the lower limit of the flat zone. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition.
Trading idea:
Buy from the support level 28.31.
Stop Loss: 28.00.
Target levels: 28.91; 30.07; 31.24.
USDCAD
The pair is consolidating at the level of 1.2680. It’s under pressure amid the weaker US dollar and higher crude oil prices, which supports the Canadian commodity currency.
Technical side:
The price is located below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the …
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