The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal has formed above the 135 moving average, then a correction (signal fractal) began. A breakout of the start fractal will result in the formation of an ascending …
The pair found support at 1.1830 thanks to a change in market sentiment on Thursday, despite the high number of jobless claims in the US and weak manufacturing data from the Philadelphia Fed. If the market sentiment improves, the US dollar will weaken across the entire Forex market.
Technical …
The stock is trading in the range of the lower border of the upward price channel. A descending truncated pattern has formed, confirmed by divergence on Awesome Oscillator and oversold condition on Stochastic Oscillator.
: monitor the price movement in real time.
Trading recommendations:
Buy when …
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