The overall trend is downward. The ascending wave pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition. The inclined channel of the ascending wave pattern is breached.
: monitor the price movement in real time.
Trading idea:
Sell …
The pair is trading above 1.2000 as the demand for stocks recovers. The expected moderate growth in the number of new jobs has a positive impact on the risk appetite of investors and weighs on the dollar.
Technical side:
The price is above the middle Bollinger band, above SMA …
The dollar's recent trading against the yen is confined to a bullish triangular flag pattern whose features appear on the chart. Therefore, the price needs to breach 109.40 to activate the positive effect of the aforementioned pattern and then rush towards our first awaited target at 110.00.
From here, the …
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