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With the appearance of Divergence from the Stochastic Oscillator indicator with the XPD/USD price movement on its 4-hour chart and the appearance of a Bullish 123 pattern followed by its price movement moving above EMA (21) gives an indication that in the near future XPD/USD has the potential to strengthen where the 908.09 level will try to be broken. If this level is successfully broken and closes above it, then 928.27 will be the first target and if the momentum and volatility support then 943.50 will be the next target but if on its way to the target levels suddenly there is a weakening correction that breaks through and closes below the 866.91 level then all the strengthening scenarios that have been described previously will be invalid and automatically wrong by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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