28.05.2020
The fluctuation of the US dollar in a narrow range slanting up during the Asian session against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected Thursday by the US economy, the largest economy in the …
28.05.2020
The overall movement is upward. The 193.0 support level is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop loss: …
28.05.2020
The resistance level of 0.8572 held back the bulls. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.8485 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell when a 1-2-3 descending pattern is formed, below 0.8485.
Stop loss: 0.8572. …
28.05.2020
The pair is consolidating above the strong support level of 1.0985. Expect the price to continue to increase despite a possible slight correction, as investors move away from dollar assets and start buying risk assets more actively, including those denominated in euros.
Technical side:
The price is above the …
27.05.2020
The US dollar fluctuated in a narrow range slanting back down during the Asian session, to witness its bounce for the fourth session in seven sessions from the top since April 13 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp …
27.05.2020
Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session to witness its bounce for the fifth session in eight sessions from its highest since April 14, when it tested the highest for it since the fifth of October 2012 amid the high dollar index …
27.05.2020
The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce back to the third session in five sessions from its highest since early May when it tested its highest since early April against the US dollar amid the aspiration …
27.05.2020
The Australian dollar versus the US dollar made more positive trades yesterday to reach our awaited target at 0.6685, and some slight bearish tendency appears due to the stochastic negativity, pending obtaining a positive momentum enough to push the price to breach the mentioned level and open the way for …
27.05.2020
The US economy is recovering from a severe fall caused by the pandemic.
The price pivot zone of 46.67 holds back buyers, if the price fixes above it, there will be an opportunity for further growth. Stochastic Oscillator moving indicators showed an exit from the oversold zone and are …
27.05.2020
The pair dropped below the strong support level of 1.3860, where it has been trading recently. The increase in crude oil prices amid the renewed economic activity as countries lift lockdowns supports the demand for risk assets and crude oil, while pressuring the US dollar.
Technical side:
The price …
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