Daily reviews

#AAP

The general trend is descendant. The share is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish trend, and Stochastic Oscillator signals overbought conditions. The ascendant wave structure is truncated.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined …

The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The currency pair is traded between 365 and 135 moving averages.

Watch GBP/SEK online

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches …

News of the day, Wednesday, April 6

Yesterday, Fed’s governor Lael Brainard said that the Federal Reserve will tighten monetary policy at “a rapid pace”. While Brainard usually favors loose policy with low rates, her announcements on Tuesday were quite hawkish, as she promised that “The [Federal Open Market] Committee …

Gold continues to move sideways, as the price returned to test the support 1921.60 again, and the price is trying to pressure it to breach it and start a descending path towards the next support 1909.00.

The moving averages are pressing the prices for more decline, as they are moving …

The GBP/USD pair started the bearish movement after it managed to breach the support level 1.3127 and reached the next target 1.3070. Therefore, the opportunity exists for the continuation of the descending path towards the next support 1.3000, as the price's success in stabilizing below the 1.3180 level increases the …

#MCD

The trend is descendant. The share is traded within the upper border of the descendant price channel. Awesome Oscillator indicates bearish trend, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant wave structure is breached.

Trading idea:

Sell when the 242.27 is breached.

Stop-loss: 251.30.

Target …

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish trend, and Stochastic Oscillator signals oversold conditions.

Watch EUR/SEK online

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

Stop-loss is under the …

News of the day, Tuesday, April 5

Saudi Aramco, the world's largest oil company, raises crude prices for the U.S., Europe and Asia in May. Such moves are usually consequent of production increases: someone starts to produce more oil, then Saudis raise prices. Last week the USA announced to release …

Gold prices returned to the movement above the support 1921.60 to continue the sideways path within which the price has been moving for three weeks.

The moving averages are pressing prices to return to the downside, as it is moving above the price and forming a resistance level between (1926.70-1933.00), …

There is nothing new about the movement of the pound sterling against the dollar, as it continues in the sideways path that tends to decline after it opened the week’s trading below the support level 1.3127. Therefore, there is an opportunity to continue the descending path towards the next support …