The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending pattern of the H1 level is the wave (B) of the descending pattern of the …
Tuesday, May 25th, today’s news—Stock indices of the Asia-Pacific region rose in trading on Tuesday following similar dynamics in the US stock market amid easing worries about inflation and renewed investor demand for risky assets. The price of Brent oil is $68.31 per barrel, WTI—$65.97. EUR/USD is at 1.2259, GBP/USD—1.4204, …
The dollar against the yen shows slight negative trades to gradually move away from the broken support of the ascending channel, to keep the bearish trend scenario valid and effective for the upcoming period, supported by the EMA50, waiting to visit 107.68, which represents our main target, reminding you of …
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