EUR/USD, GBP/USD & XAU/USD Trading Analytics as of 01/02/2023

Analytics review of popular trading pairs, based on complex analysis of modified waves, Fibonacci levels and price channels
 

EUR/USD

The trend is ascending. To maintain the positive profit/stop-loss ratio of your purchase, we recommend to wait for the correction first. After that, enter the trade at the enter point on the 'rollback B'.
 

Trading idea:

Buy at the formation of the correction of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending correction structure;

Stop-loss: under the local minimum of the descending structure;

Target price level: the top of the wave (A) and resistance level of (1.0924);

The trading strategy: along with the current ascending trend.
 

GBP/USD

The overall trend is ascending. The pair is traded in the range between 365 and 135 ЕМА. The downward wave structure formation finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.
 

Trading idea:

Buy at the breach of 1.2337;

Stop-loss: 1.2280;

Target price levels: 1.2417, 1.2445;

The trading strategy: along with the current ascending trend.
 

XAU/USD

The overall trend is ascending. The cumulative zone has formed at 1901.0-1942.0 (flat). The Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the lower border of the cumulative zone when the reversal 'Pin Bar' pattern or 'Key Reversal' pattern are forming;

Stop-loss: under the candlestick;

Target price levels: 1920.0, 1942.0;

The trading strategy: along with the current ascending trend.