The currency pair is trading in the range of 135 and 365 moving averages directed upwards. The downward construction of the H1 level is truncated, and a bullish divergence is formed on Awesome Oscillator indicator.
Trading recommendations:
Buy while an ascending wave pattern is forming, where the wave (A) breaks …
The moving average 135 crossed the 365 upwards which indicates the presence of the upward movement. The expected correction is held back by the support level of 7.050. The trend line built on the downward movement is broken, and Stochastic Oscillator indicator signals oversoldness. The pivot zone of 7.224 holds …
The pair is trading above 1.1070, slightly correcting upwards after Friday's drop. It may rise to 1.1100 in anticipation of the final Fed’s decision on monetary policy this Wednesday.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% and rising. …
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