Daily reviews

News of the day, Friday, March 11

Oil prices fall for a second day in a row after President Vladimir Putin pledged Russia will stand by its energy commitments to any oil consumer, even countries that have imposed sanctions after the invasion in Ukraine. Russia exports about 10% of world …

Gold prices started a bearish rebound movement to the downside and failed to breach the top level of 2070.00, which was formed two days ago, to return to the decline and breach the $2000 barrier for an ounce and to settle today at 1980.00 levels.

Prices are moving between the …

The GBP/USD pair started a bullish rebound movement to the upside in an attempt to end the down trend. Then, prices rebounded from the support 1.3090 and reached the resistance level 1.3180. And that is after the price managed to breach the level of the moving averages 20-7, while the …

#IBE

The ascendant wave structure is truncated. Moving averages 365 and 135 signal descendant movement. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator shows overbought conditions.

Trade idea:

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

Stop-loss beyond …

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

Watch AUD/NZD online

Trade idea:

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

News of the day, Thursday, 10 March

The e-commerce giant Amazon has announced yesterday the 20-for-1 split of its shares and a $10 billion buyback plan. Amazon shares had increased by 7% in extended trading after the announcement came out. This is the first stock split by Amazon since 1999. …

News of the day, Wednesday, March 9

US President Joe Biden has imposed a ban on Russian oil and gas imports as a part of sanctions after the Ukraine invasion. He made this decision despite possible voters' criticism over increasing gasoline prices.

“We're banning all imports of Russian oil and …

Gold continues the bullish path to the top after the slight bounce that was formed yesterday after testing 2070.40 levels, which constitutes a historical level for gold prices. Where gold opened today's trading with an upward movement in an attempt to complete the bullish path over all periods of time …

The GBP/USD pair managed to break the 1.3180 support level and settle below it, thus opening the way for a strong bearish movement towards the 1.2840 level in the medium term. The 20 EMA is pressing the price to complete the decline as it moves above the price near the …

#CHINAMOB

The trend is ascendant. The share trades in the range of 365 and 135 moving averages. There is a bullish divergence on the Awesome Oscillator, the Stochastic Oscillator signals the oversold conditions.

Trade idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined …