The Currency Pair had made a hammer near its support. Hammer is a single candlestick pattern which suggest reversal.

The Pair has respected the pattern and followed the move next day, after that the next candle close positive but we have seen selling pressure coming from the top which is suggesting to wait.

Third day a doji is made which is indicating a pause in trend.

Overall Buying Opportunity is seen in the currency pair but only after the pair close above the resistance line (marked as purple on the chart).

On Rsi pure divergence was seen due to which we supported the move, if the Rsi trade above 55 there is high probability that the stock might give a good return.

Macd is trading below 0 and crossover might seen in coming days, if the pair closes above the resistance line and the crossover is seen then we can expect the pair to move upside.

Advice : Buy if closing is above the Resistance Line.

Buying Opportunity Near By

Jul 23 2021