The fluctuation of the US dollar in a narrow range tilted toward decline during the Asian session to witness its bounce to the fourth session from the top since April 23 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and …
A multi-candle head and shoulders reversal model has formed on the H4 timeframe. The support level of 28.40 (neck line) is holding back the bears. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator showed an exit from the overbought zone.
Trading recommendations:
Sell below 28.40.
Stop loss: 29.80.
Target …
The 1.7200 support level is holding back sellers. Awesome Oscillator indicator shows bullish divergence, while Stochastic Oscillator signals oversoldness. The currency pair is trading in the upper bound of the descending price channel.
Trading recommendations:
Buy while an ascending 1-2-3 pattern is forming, where wave 1 breaks through the …
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