Daily price is above 200 SMA in the bullish area of the chart for the resistance level at 1.2912 to be broken for the bullish trend to be continuing.
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In our previous article about the patterns emerging when trading currency baskets, we focused our attention on the combined indicators based on oscillators. The combined Williams’ Percent Range indicator was used as an example. As a result, we obtained a number of patterns, analyzed their pros and cons and made conclusions about the applicability of each of them in real trading. more...
Daily price is near and above Ichimoku cloud in the bearish area of the chart. The price was on secondary correction by the testing support level at 1,152 located near Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. If the price breaks 1,152 to above on daily close bar so the primary bullish trend will be resumed, otherwise the price will be on ranging with the good possibility ...