The pair is still moving in a wide range of 1.3860–1.4245. It will continue to decline to its lower limit as the demand for crude oil is increasing, and OPEC++ is reducing the supply volumes to the global market. This trend will continue today, despite the expected poor Canadian …
The general trend is upward. The downward pattern (assumed correction) is truncated. A bullish divergence has formed on Awesome Oscillator. Price pivot zone of 146.77 holds back sellers.
Trading recommendations:
Buy while an ascending pattern is forming, where wave A breaks the inclined channel of the descending truncated pattern. …
The ascending H1 level pattern is truncated (wave C didn’t break through the 88.2% fib level). Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of the ascending truncated H1 …
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