The pair is trading below the strong resistance level of 1.3345. The main supporting factor is the mood of panic around the new coronavirus which is already expected to have a strong negative impact on the global economic growth, and therefore on the demand for crude oil whose dynamic noticeably …
The overall trend is downward. The currency pair is trading in the range of the round important level of 1.0900. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator overboughtness.
Trading recommendations:
Sell while a 1-2-3 descending pattern is forming (at the close of the hourly candle …
The pair is trading just above 110.35. The price may be supported by a drop in panic in the global market mood.
The price is below the middle line Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% and is growing weakly. Stoch are growing …
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