Daily reviews

Gold prices continue to decline, as they reached the main support level 1921.50, achieving all its bearish targets, with the closing of last week's trading below the support level 1935.00. It is expected that gold will attempt to breach the level of 1921.50 and the target to reach the level …

The pound sterling against the dollar continues its low movement with the opening of the week's trading. This is after the strong decline that we witnessed with the closing of last week's trading, where the price breached the main support level 1.2990 and fell strongly to the target 1.2850.

The …

#LHA

The trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss: 7.670.

Target levels: 6.664; …

The general trend is ascendant. The descendant wave structures of H1 and H4 levels are truncated. Gold is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches …

News of the day, Friday, April 22

Tesla has reported the revenue data for the first 2022 quarter. The YoY total revenue increased by 81% to $18.76 billion and the net profit is $3.31 billion which is seven times more than the results of the 2021 first quarter. This is …

Gold is back to test the 1953.80 resistance in an attempt to correct the strong downside movement that occurred two days ago. Therefore, the price's success in breaking the resistance level will motivate buyers to increase purchase contracts, and thus try to push prices to rise further towards the level …

The EUR/USD pair returned to decline after the strong rebound that was formed yesterday, and brought the price close to the resistance 1.0950, where the price is currently moving near the upper limit of the descending channel, to continue the bearish trend that dominates the price movement.

The price has …

#F

The share is traded between 365 and 135 upbound moving averages. The descendant structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant truncated structure is breached.

Trading idea:

Buy when 15.55 level is breached.

Stop-loss is under the …

Bears have tested the bottom border of the Ichimoku cloud forming a reverse pattern “pin bar”. Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant structure.

Stop-loss is under the local minimum of …

News of the day, Thursday, April 21

U.S. Treasury yields climbed today as Fed’s Chairman Jerome Powell is about to make speeches later today, and investors are carefully spectating his public behavior to find any hint of the next monetary policy moves. Consequently, the 10-year Treasury bond rose 4 basis …