Daily reviews

The trend is ascending. The mirror level 84.00 holds the sellers. There is a bullish divergence on the Awesome Oscillator. The breaching of 85.31 will form the ascendant wave pattern.

Trading idea:

Buy when 85.31 is breached.

Stop Loss: 84.00.

Target levels: 86.50; 87.17.

The trend is descending. The ascendant wave structure is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure is formed, where wave (A) breaches the level of 46.95 (pivot 2 of wave C).

Stop Loss …

The trend is ascending. The descendant wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator. The Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave pattern is formed, where the wave (A) breaches the inclined channel of the descendant truncated pattern.

Stop Loss …

The trend is upward. On the H4 timeframe a "key reversal" pattern was formed with a false breakdown of the support level. Moving indicator Stochastic Oscillator entered the oversold zone.

Trading idea:

Buy on a breakout of 93.71.

Stop Loss: 93.15.

Target levels: 94.70; 97.88.

An entry point "on a pullback B" is formed. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought. The USD index has tested the support level of 109.95.

Trading idea:

Sell on the formation of a descending wave structure, where wave (A) breaks the inclined …

The general trend is ascending. The descending pattern ended with the breach of pivot 2. The Awesome Oscillator indicator shows a bullish divergence. A breach of 167.00 will give the formation of an ascending wave structure.

Trading idea:

Buy on a breach of 167.00.

Stop Loss: 165.00.

Target levels: 168.90; …

The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. The stochastic Oscillator indicator signals overbought conditions.

Trading idea:

Sell on the breach of 1.1441.

Stop Loss: 1.1576

Target levels: 1.1250; 1.0920.

The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. Stochastic Oscillator indicator is signaling overbought.

Trading idea:

Sell on the breach of 1.1441.

Stop Loss: 1.1576

Target levels: 1.1250; 1.0920.

The trend is ascending. On the daily timeframe, a "key reversal" pattern was formed with a false breach of the level.

On the H1 timeframe, the internal truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator shows a bullish divergence, and the Stochastic Oscillator …

The Bank of Japan decided to keep the negative interest rate at -0.10%. At the moment this is the only country, which has a negative interest rate. 

The trend of the currency pair is ascending. The pair is trading in the 365 and 135 EMA range. The Awesome Oscillator indicator …