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The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Watch GBP/NOK online

Trade idea: 

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated pattern.

Stop-loss …

Gold price found it difficult to surpass the 2000.00 barrier, to trade negatively and provide signs of starting a bearish correction on the intraday basis, to suggest the bearish bias in the upcoming sessions, which targets testing the 195.00 level initially.

We point out that the expected decline is temporary, …

The British pound against the dollar confirmed breaking the 1.3172 level after closing the daily candle below it, to confirm the extension of the bearish wave on the intraday and short term, regular within the bearish channel that appears on the chart, waiting to visit the 1.3080 level as a …

The general trend is ascendant. There is a flat formed on the timeframe H4. The support level of 89.800 restrains sellers. A decline towards the support level of 89.800 will cause a decrease of Stochastic Oscillator moving levels in an oversold span.

Watch CAD/JPY online

Trade idea:

Sell from the …

#FB

The general trend is descendant, while Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. These signs point to the ascendant correction.

Trade idea:

Sell when the double top multi-candle figure forms from the resistance level of 212.80.

Stop-loss — 217.20.

Target levels: 202.00; 193.88.

Gold analysis

Gold price opened today’s trading with a strong rise to touch our extended target at the psychological barrier of $2000.00 per ounce, and it crossed the resistance of the ascending channel to provide signs of achieving more expected gains in the upcoming sessions, targeting areas of 2050.00 as …

The GBP/USD pair traded with strong negativity after breaking 1.3310 level, to activate the bearish trend scenario on the intraday and short term, and approaching the previously recorded bottom at 1.3176, and we expect the bearish tendency to continue breaking this level and opening the way to heading towards 1.3080, …

#MSFT

Moving averages 365 and 135 are directed downwards on the H1 timeframe. The ascendant truncated wave structure is finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence. The last insider deal was selling on March 1 done by Satya Nadella, the company’s CEO. 

Trade idea:

Sell when the …

The general trend is descendant. The ascendant wave structure is truncated. The currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence.

Watch USD/CNH online

Trade idea:

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

News of the day, Monday, March 7

Oil prices surged more than 7% on Monday morning as USA and Europe threat Russia with an import ban because of the Ukraine invasion. Analysts notice that if the oil top exporter ban takes place, the crude prices might soar up to 185-200 …