The pair is trading lower as indicators point to a slowdown in China’s business activity amid the ongoing China–US trade conflict. This situation may have a long-term negative impact on the pair.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator. A breakout of 0.7300 will result in the formation of an H1 level ascending pattern within the overall uptrend.
#HYDR
The 0.7150 support level is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Stochastic Oscillator indicates an oversold condition. The Wedge pattern has formed.
Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed.
Stop Loss under the support …
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