The fluctuation of the US dollar in a narrow range slanting up during the Asian session against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected Thursday by the US economy, the largest economy in the …
The overall movement is upward. The 193.0 support level is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop loss: …
The resistance level of 0.8572 held back the bulls. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.8485 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell when a 1-2-3 descending pattern is formed, below 0.8485.
Stop loss: 0.8572. …
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