Finotec

Technical oscillators support the bullish trend for the currency pair

To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the buying pressure is gaining traction; also we notice the long EMA line is crossing the signal line up and both are crossing the zero line up, revealing an upward tendency. Momentum line is in a bullish direction, revealing a good time to buy the currency pair. There are two bottoms up leading to a buying trend, according to Bollinger.