The pair broke out of the range above 1.1900 on positive US economic data, which is currently playing against the dollar, boosting the demand for risk assets and sell-offs of the US Treasury bonds.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above …
The currency pair is trading at the upper bound of the descending price channel. An ascending truncated H2 level pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
: monitor the price movement in real time.
Trading recommendations:
Sell …
#BYD (HKEX)
The overall trend is upward. A false breakout of the support level of 70.30 has formed, after which a hammer (a reversal candlestick pattern) has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator has been indicating an oversold condition for a long time.
Trading recommendations:
Buy …
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