Analysis based on round-number levels, price channels and modified Elliot Waves
The resistance level of 1.0937 held back buyers. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness. An H2 level upward pattern and the wave C internal pattern (M15 level) are turncated, which …
The overall movement is upward. The support level of 1680 held back sellers. A bullish divergence has formed on Awesome Oscillator, while the Stochastic Oscillator shows an exit from the oversold zone. Breaking through the pivot zone 1746.0 will result in the formation of an upward pattern 123.
Trading recommendations: …
The US dollar fluctuated in a narrow uptrend range during the Asian session to witness the bounce for the third session in six sessions from the lowest since September 5 last yen against the Japanese yen following the developments and economic data that followed from the Japanese economy and on …
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