Daily reviews

News of the day, Wednesday, March 23

Despite the recent rate hike by Fed, the S&P 500 rose rapidly by 6,2% last week, showing the most positive results since November 2020. However, Morgan Stanley strategists do not expect it to last long. The Treasury yield curve for 10-year and two-year …

Gold managed to breach the support level 1926.80, but it kept moving near this level in an attempt to end the sideways path and start a bearish path, provided it remains below the mentioned level and stays away from it to the downside.

The moving averages are an additional factor …

The GBP/USD pair was able to breach the resistance level 1.3180 and started in a strong bullish path, and reached the next target at the 1.3280 level, thus achieving the first target of the ascending path.

Stability in the movement above the level of 1.3180 is an important condition for …

#CS

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

Trade idea:

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

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

Watch EUR/SEK online

Trade idea:

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

Stop-loss: 10.3561. …

Gold continues to move sideways around the 1926.70 support level, after it previously approached the 1953.86 resistance. We keep the movement neutral until the price breaches the previous two levels. Noting that the price's breach of the resistance level 1953.80 will motivate buyers to increase the volume of purchases and …

The GBP/USD pair failed to breach the 1.3180 resistance after testing it several times previously, and it remains within a sideways path between the resistance 1.3180 and the support 1.3080.

The current price movement is between the moving averages 20-7 from above and the moving average 50 from below, which …

#AI

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

Trade idea:

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

Stop-loss is beyond the local …

The ascendant wave structure is truncated. The inner structure is truncated, too. Forming of the reverse wave pattern is likely. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Watch AUD/NZD online

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

News of the day, Tuesday, March 22

The Fed’s head, Jerome Powell, has announced the Federal Reserve is willing to raise the interest rate by 0.5% at the next regulator’s meeting. "If we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more …