The overall trend is downward. Presumably, the correction movement tested the level of 24.00, making it a price pivot zone. Stochastic Oscillator signals overboughtness. A breakout of 22.60 will result in the formation of a 1-2-3 descending pattern within the overall downtrend.
Trading recommendations:
Sell below 22.60.
Stop loss: 24.00. …
The descending H12 level pattern is truncated with a false breakout. Bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated H12 level pattern.
Stop Loss: …
The pair is recovering after a strong fall amid a slight increase in demand for commodity assets. It may still rise if the coronavirus-induced panic does not escalate again in the European markets.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is …
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