The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce for the second session from the top since March 26 against the Japanese yen, following developments and economic data that it announced today, Monday, on the Japanese economy and …
Stock markets show a confident recovery after the strong fall. The overall trend is upward. At the end of the trading session, the "hammer" reversal pattern has formed. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy above 1415.0.
Stop loss: 1405.60.
Target levels: 1423.0; 1440.0.
The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals oversoldness. A breakout of 1.0770 will result in the formation of an ascending pattern of 1-2-3.
Trading reccomendations:
Buy above 1.0770.
Stop loss: …
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