Daily reviews

There is nothing new about the movement of the euro against the dollar, as the pair continues its bearish movement within the channel shown in the chart. Therefore, the bearish trend scenario will continue steadily as long as trading is stable below the 1.0475 level, and the target will be …

#BNP

The share is traded between 365 and 135 downbound moving averages. The trend continuation figure “pennant” is forming. Awesome Oscillator indicates bearish divergence, and moving levels of the Stochastic Oscillator are close to the overbought area.

Trading idea:

Sell after the price holds below the mirror level of 49.760, …

The trend is ascendant. The currency pair is traded between 365 and 135 moving averages. The descendant wave 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 the ascendant wave structure …

News of the day, Friday, May 13

Jerome Powell, the Fed’s Chairman, has warned that control over inflation might cause some economic problems yet it remains his main priority.

As the collapse of TerraUSD stablecoin rippled through the markets, Bitcoin has plummeted to nearly $30000 as well as the majority …

The price of gold declined and reached the first target 1810.90 before returning to rebound up to the first resistance 1827.20 at the moving average level 7. In an attempt to correct before returning to the descending path extended to the level of 1780.00.

The moving averages continue to negatively …

The GBP/USD pair temporarily stabilized in a sideways movement after achieving the target and reaching the 1.2200 level. In general, the bearish movement continues within the channel shown in the drawing, which constitutes the general boundaries of the price movement over the medium and short term.

The moving averages support …

The euro pair achieved the first awaited target, as it broke the support 1.0475 and reached the lower limit of the descending channel that appears on the chart, and it is now trying to rebound upwards and correct the descending path, and it reached the moving average 7, and the …

#COP

The general trend is ascendant. The share is traded between 365 and 135 moving averages. The descendant wave structure is truncated (wave C has not breached 123.6% of A wave). Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure …

The trend is ascendant. The currency pair is traded between 365 and 135 moving averages. The multi-candle figure “double bottom” is forming. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The “start fractal” has formed above 135 EMA, and the fractal breach will cause the ascendant ABC …

#DTE

The resistance level 17.854 restrains buyers. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant truncated structure is breached.

Trading idea:

Sell when the 17.130 level is breached.

Stop-loss is over the local maximum of …