#MUV2
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The support level of 230.00 is holding back sellers.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks …
The dollar against the yen pair shows quiet negative trading, moving below the EMA50, which supports the continuation of our expectations for the bearish trend, which aims to test the support of the ascending channel, which is now at 110.20.
Therefore, we await further decline on the intraday basis, …
The euro against the dollar did not show any strong movement yesterday, to maintain its stability below the 1.1888 level, and therefore, there is no change in the bearish trend scenario that depends on stability below the mentioned level, supported by the negative pressure formed by the EMA50, …
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