The overall trend is upward. Breaking through the resistance level of 770.00 will result in the formation of an uptrend within the overall uptrend. Also, a bullish divergence has formed on the Awesome Oscillator.
Trading recommendations:
Buy above 770.00.
Stop loss: 740.00.
Target levels: 797.0; 833.50.
The overall trend is downward. A descending truncated H8 level pattern has formed on the wave (C) which also has a truncated pattern. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversoldness. A breakout of 1.3240 will result in the formation of an uptrend within the overall uptrend. …
The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its highest level since February 12, when it experienced its highest level since January 21 against the Japanese yen following the developments and economic data that it reported on the Japanese economy …
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