The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The upward H1 level pattern is currently truncated.
Trading recommendations:
Sell while the descending pattern is forming, …
The Australian dollar versus the US dollar succeeded in confirming the breach of the 0.5958 level after the daily candle closed above it, which supports the continuation of our effective expectations for the bullish trend during the coming period, and the path is open to achieving our next target which …
The euro currency fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce for the third consecutive session from the lowest since April 21, 2017 against the US dollar on the threshold of developments and economic data expected today Wednesday by Germany, the …
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