The pair is receiving support due the demand for commodity assets and the growing investor’s confidence about the same Fed’s monetary rate for a significant period of time.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the …
The currency pair is trading in the range of 365 and 135 moving averages directed downwards. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overbought conditions.
: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, …
#T
There is a truncated descending wave pattern. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern is broken.
Trading idea:
Buy when an ascending wave structure is formed on the breakout of 29.00.
Stop Loss: 28.00.
Target levels: 30.19; …
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