Daily reviews

News of the day, Thursday, March 17

The much-awaited Fed meeting resulted in a rate hike yesterday. As expected, the rate increased by 0,25%. Although this number may seem tiny, it is important to consider this rate hike is not the last one this year. The prognosis of the interest …

Gold was able to rebound and breach the resistance level 1926.70 after achieving the target and reaching the support level of 1892.50 to give an initial signal to return to the bullish path provided that trading is stable above the level of 1926.50.

The moving average includes 20 resistance levels …

The GBP/USD pair managed to breach the resistance 1.3070 and head towards the next target, which is the 1.3180 level, thus giving a signal to start a new bullish movement if it succeeded.

The price breaching the EMA50 level formed an incentive to continue the rise. The average 50 is …

#MCD

The trend is descendant. The share is fluctuating between 365 and 135 moving averages. The mirror level 237.90 restrains buyers. 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 structure.

Stop-loss is beyond …

The general trend is descendant. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Watch EUR/CHF online

Trade idea:

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

Stop-loss is beyond the local maximum of the ascendant …

Who’s been waiting for a rate hike? Here it is

News of the day, Wednesday, 16 March

The outbreak of Covid-19 in China is supposed to hit at least 50% of first-quarter gross domestic product, Citi analysts predict. Since the week started, China has witnessed the worst covid flare-up since …

Gold continues its bearish movement after it managed to breach the support level 1926.70 and settle below it, thus opening the way for more decline and an attempt to reach the next target 1892.20.

The moving averages are an additional factor for the continuation of the bearish movement as they …

The GBP/USD pair rebounded slightly to the upside and is moving at the upper limit of the descending channel within which it has been moving for three weeks in an attempt to end the bearish path.

The 50 average continues to pressure the price to complete the decline, as it …

#AI

The general trend is descendant. The share fluctuates between 365 and 135 moving averages and the upper boundary of the descendant price channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The ascendant wave structure is truncated.

Trade idea: 

Sell when the descendant wave structure forms, …

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

Watch EUR/CHF online

Trade idea:

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