The support level of 29.00 holds back sellers. Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversoldness. Breaking through the resistance level of 29.57 will result in the formation of an ascending wave pattern.
Trading recommendations:
Buy above 29.57.
Stop loss below the level of 29.00.
Target …
The pair remains in a short-term uptrend caused by the falling demand for crude oil as the consumption rates are expected to drop due to the new coronavirus in China. If the current market sentiment remains, the pair will be pushed upwards.
The price is above the middle Bollinger band, …
The support level of 1.1033 holds back sellers. A descending truncated pattern of the H1 level has formed, which is probably a correction of the ascending pattern of the H4 level. Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where the wave (aC) breaks …
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