Daily reviews

The pound sterling against the dollar presented negative trading yesterday, to remain stable below 1.3610, and starts today with more declines to support the continuation of the expected bearish trend scenario for the upcoming period, which its next target is at 1.3525.

The price needs to surpass the minor support …

The general trend is ascendant. The descendant wave structure of the H1 level is truncated. Awesome oscillator indicates bullish divergence, and stochastic oscillator signals oversold conditions.

Watch USD/JPY online

Trade idea:

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

#ECL

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

Trade idea:

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

Stop-loss is below …

News for today, Monday, February 21

Dow J futures have edged a bit higher yesterday, as Joe Biden has agreed to a summit with Russian President Vladimir Putin. The stock market has gone through noticeable stress last week, reacting to the disturbing Russia-Ukraine conflict. The announced meeting of two presidents …

Gold price started today’s trading with a new rise to approach our awaited target at 1916.25, and obtains continuous positive support from the EMA50, to enhance the chances of achieving more gains that extend to 1960.00 after surpassing the previous level.

Therefore, we will continue to suggest the bullish trend …

The pound sterling dollar pair opens today's trading with noticeable positivity, to attack the 1.3610 level, affected by the positivity of the stochastic indicator, but we will rely on closing the last daily candle below this level to keep our bearish expectations, which target the 1.3525 level initially.

On the …

#BARC

The general trend is ascendant. The descendant structures of H4 and H1 levels are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

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

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

Watch EUR/JPY online

Trade idea:

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

Stop-loss is …

News for today, Friday, February 18

The stock futures of the US and EU have increased after the meeting of Russia’s foreign minister, and the US Secretary of State was announced, giving hopes of soon Ukraine crisis resolved. S&P 500 futures rose 0.7% and Nasdaq futures jumped 0.8% following the …

Gold price managed to touch our awaited target at 1900.00 and finds strong resistance there, to show some bearish bias now, affected by the negativity of the stochastic indicator, while the EMA50 continues to provide support to the price from below, waiting to resume positive trades to visit 1916.25 level …