Analysis based on round-number levels, price channels and modified Elliot Waves
The overall movement is upward. The downward pattern shows weakness. A bullish divergence formed on the Awesome Oscillator, while Stochastic Oscillator shows an exit from the oversold zone.
Trading recommendations:
Buy as the 123 pattern is forming, with the …
The pair is supported amid the falling demand for defensive assets as the Fed is expected to continue reducing interest rates and bankrolling the dollar, which would stimulate the growth of demand for risk assets. In this scenario, the Japanese yen will sell off as a safe haven currency.
The …
Don't have your language?
