Daily reviews

The trend is ascendant. The descendant wave structure of H1 level is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Watch AUD/CAD online

Trading idea:

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

News of the day, Thursday, April 14

Stock markets of Europe made gains today as investors are in wait for the soon ECB meeting which can result in monetary policy tightening. The Euro STOXX 600 gained 0.1%, where French shares were up 0.4% and German stocks increased by 0.2%. 

Dow …

Gold prices stabilized near the resistance 1977.0, which it reached yesterday, after confirming the end of the old downward path. The main objective remains to reach the level of 1996.00.

The moving averages support the price to rise, but we notice that the price is trying to decline below the …

The GBP/USD pair rebounded with a strong upward movement yesterday after it failed to break the 1.3000 support level, to start an upward corrective path to the 1.3180 level.

The price’s deviation from the moving averages constitutes a factor of instability, and this coincides with the arrival of the stochastic …

#DAL

The share is traded in the upper border of the descendant price channel. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.

Trading idea:

Sell after the 4-hour candle closes below the local minimum (39.85) of the last bullish impulse candle.

Stop-loss is over the local maximum …

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

Watch GBP/AUD online

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the pivot 2 of the wave С (1.7574).

Stop-loss is …

News of the day, Wednesday, April 13

Inflation in the U.K. edged to an annual rate of 7% in March. Consumer prices increased by 1.1% month-on-month, exceeding the expected rate by 0.7%. The 7% annual rise is the biggest increase in the consumer price index since March 1992. The U.K. …

Gold managed to breach the resistance 1953.80 and settle above it and reached the target 1966.00, thus opening the way for an ascending path towards the target 1996.00.

The moving averages form a support level and press the price to try to rise, as it is moving below the price …

The pair sterling against the dollar continues its bearish movement after it reached the target 1.3000, where trading settled near it. Therefore, the opportunity exists for the continuation of the descending path towards the next support 1.2950, as the price's success in stabilizing below the 1.3060 level increases the opportunity …

#FRE

The ascendant wave structure is truncated. The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence. The round secondary level 35.20 deterred buyers. The breaching of the round intermediate level 33.50 will cause the descendant wave structure to form.

Trading idea:

Sell when …