Daily reviews

News for today, Thursday, February 24

Vladimir Putin has authorized a “special military operation” in Ukraine today. Shortly after, many Ukrainians have begun to publish footage of a full-scale Russian invasion. Explosions can be heard even in Kyiv, the capital of Ukraine. Commercial airways have stopped operating in Ukraine and …

Gold price opened today's trading with a strong bullish impulsion to breach the 1916.25 level and confirm opening the way to achieving more gains, reinforcing the expectations of targeting the 1960.00 level, which represents our next positive station.

Therefore, the bullish trend will remain dominant during the upcoming sessions, supported …

The British pound against the dollar succeeded in achieving our first awaited target at 1.3525, and breaking it to settle below it now, which supports the continuation of our expectations for the bearish trend, which targets the 1.3460 level as a next major station.

Therefore, the bearish bias will remain …

#ABC

The ascendant wave structure is truncated. The resistance level of 144.10 restrains sellers. Awesome Oscillator indicates bearish divergence.

Trade idea: 

Sell on the breaching of 139.00.

Stop-loss is beyond the resistance level of 144.10.

Target levels: 135.35; 128.00.

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

Watch AUD/NZD online

Buy when the ascendant wave structure forms, where a wave (A) breaches through the pivot 2 of the wave C — 1.0703.

Stop-loss under the …

The pound sterling dollar pair traded with noticeable negativity yesterday, to approach our awaited target at 1.3525, but it rebounded upwards to move around 1.3600, noting that the stochastic indicator is clearly losing its positive momentum, to support the chances of resuming negative trading and heading towards the mentioned target …

The gold price fluctuates around the 1900.00 barrier, and is affected by the negativity of the stochastic indicator, which hinders the price mission to continue rising, noting that the index is gradually gathering positive momentum, waiting to motivate the price to resume positive trading to breach the 1916.25 level and …

The currency pair is traded above 200 EMA. A false breakthrough of the 82.34 support level is formed with a return pattern “pin bar”. Together with this, the Stochastic Oscillator indicated the overlap of moving averages inside the oversold area, which gives hope for 82.34 level retest.

Trade idea:

Buy …

#GM

The general trend is ascendant. The descendant wave structure is truncated. The support level of 47.62 restrains sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

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

Gold price shows additional positive trades to reach the awaited target 1916.25, and we are likely to surpass this level to achieve new gains that extend to 1960.00, supported by the EMA50 that continues to carry the price from below.

From here, the bullish trend scenario will remain valid and …