1- This pair is trading in a "Continuation Rectangular Box".
2- All three EMAs, 20,50,and 200 are showing Bullish move.
3- Stochastic is in the middle and no sign of overbought or oversold.
4- 166.630 is the highest number that has been recorded in the past 50 years or so.
2- All three EMAs, 20,50,and 200 are showing Bullish move.
3- Stochastic is in the middle and no sign of overbought or oversold.
4- 166.630 is the highest number that has been recorded in the past 50 years or so.
Yorum:
One more quick point, in Weekly chart, Stochastic shows Overbought. Just be careful for any reversal.