See also
On the daily chart, the signal line of the Marlin oscillator is approaching the strong support level of 0.0133. An upward reversal of the oscillator is likely from this line, indicating that it may complete its discharge from the overbought zone.
If the price rises above 1.3001, it will open up a target of 1.3101, with the potential for further growth toward the target level of 1.3184.
Conversely, to explore an alternative scenario, the price would need to consolidate below the MACD line on the four-hour chart, specifically under today's opening price. If this happens, a deeper target of 1.2816/47 could be reached.
However, a significant decline is only expected if the market reacts negatively to the results of the Federal Reserve meeting on Wednesday. Additionally, on the H4 chart, the signal line of the Marlin oscillator continues to consolidate around the zero neutral line, suggesting that the oscillator may exit this range upwards.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
From what is seen on the 4-hour chart of the GBP/CAD cross currency pair, there appears to be a Divergence between the GBP/CAD price movement and the Stochastic Oscillator indicator
If we look at the 4-hour chart of the EUR/JPY cross currency pair which moving below the WMA (21), which also has a decreasing slope and the appearance of Convergence
EUR/USD is trading around 1.1437, below the Murray 6/8 level and within the uptrend channel formed on May 9. The instrument has an area where buyers have found it easier
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