The overall trend is upward. The descending pattern of the H2 level is truncated. The internal pattern of the M30 level is also truncated. A reversal wave model has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The “hammer” reversal pattern has formed on …
The pair remains in a short-term uptrend. It found support at 1.2160. Positive sentiment in the markets amid the new US employment data, which will be published next week, may support the pair.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below …
Friday, May 21th, today’s news—dollar is slightly changing against euro and yen. The ICE index, tracking the dollar dynamics against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), lost 0.1%. The WSJ Dollar Index lost 0.02%. The price of Brent oil is $64.89 per barrel, …
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