Daily reviews

News of the day, Thursday, 5 May

The Federal Reserve raised the interest rate by 0,5% yesterday. This hike was the biggest since 2000, as inflation has been soaring for a while now. Jerome Powell also mentioned that further inflation measures might cause “some pain”.

"In support of these goals, …

Gold prices bounced up and reached the main resistance 1900.00 after touching the 1850.00 support level during the past two days. The price breached several resistance levels during the bullish rebound movement, the most important of which is the level of 1890.00. As the price stability above this level may …

The GBPUSD pair failed to maintain the bullish rebound movement that occurred yesterday under the influence of the US Federal Reserve interest rate decision. Rebound down to the 1.2500 support level and return to the sideways track around the previous support is expected.

The downside movement comes under the influence …

#EMN

The general trend is descendant. The share is traded between 365 and 135 moving averages. Stochastic Oscillator signals overbought conditions. The resistance level 108.35 restrains buyers. The ascendant wave structure is the wave (B) of the descendant structure of the large wave level.

Trading idea:

Sell when the descendant …

The general trend is ascendant. The trend continuation figure “flag” has formed. Awesome Oscillator indicates bullish divergence. The upper border of the pattern is breached.

Trading idea:

Buy when the ascendant pattern ABC is formed — when the 163.58 is breached.

Stop-loss: 161.75.

Target level: 167.80 (the size of the …

News of the day, Wednesday, May 4

Citigroup Inc.'s London trading desk was behind the sudden collapse that sent stocks plummeting across Europe. A trader at the U.S. firm made a mistake, Citigroup said. A five-minute sell-off in Swedish stocks wreaked havoc on exchanges from Paris to Warsaw, wiping out …

#GREE

The general trend is ascendant. The descendant wave structure is truncated. Bears tested the moving average 365. 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 through the inclined channel of the descendant …

The general trend is ascendant. The descendant truncated wave structure has finished breaching the price channel. The entry point is forming on the correction wave B, as the supposed wave (B) is truncated. Awesome Oscillator indicates bullish divergence.

Trading idea:

Buy when 137.377 level is breached.

Stop-loss: 136.500.

Target levels: …

#AIR

The general trend is descendant. The share is traded in the descendant price channel span closer to the upper border. The moving levels of Stochastic Oscillator are upbound, but haven’t entered the overbought area.

Trading idea:

Sell from the upper border of the price channel and mirror level 107.80. …

The currency pair is traded in the ascendant price channel span. The correction from the upside border is now visible. Stochastic Oscillator signals overbought conditions, which increases the probability of the correction to the bottom border of the price channel and the mirror level 11.5390.

Trading idea:

Buy from the …