Daily reviews

News of the day, Tuesday, March 15

Foxconn, the assembler of Apple devices and other hardware, has announced on Monday it is freezing operations in Shenzhen, China. The reason for this decision is the sudden worsening of Covid-19 dynamics, leading the city to shut down. Reacting to that, Apple stock …

Gold prices breached the main support level 1953.00 and reached levels of 1940.00, therefore, the way is prepared in front of the price to complete the bearish movement and reach the target 1926.70, which is considered a major support level.

The price movement settled below the 7-20-50 moving averages, which …

There is nothing new about the movement of the GBP/USD pair, which continues to move lower within the channel that appears in the chart after it breached the support level 1.3090 and settled below it. Therefore, the opportunity is available to complete the descending path and reach the lower limit …

#AIR

The share fluctuates between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

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 …

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

Watch EUR/AUD online

Trade idea:

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

News of the day, Monday, March 14

Oil prices have decreased about $4 today, continuing the last week’s decline following the diplomatic efforts to end the war in Ukraine. Brent crude futures decreased 3.4%, and WTI crude futures is down by 3.5%. Russian-Ukrainian negotiators have arranged one more meeting on …

Gold continues to move within the ascending channel that appears in the chart, after it failed to breach the support 1955.00 at the end of last week, to stabilize trading within a sideway sub-path between the support level 1955.00 and the resistance 1995.00.

The price is currently moving around the …

The GBP/USD pair continues its downward movement within the channel shown in the chart, after it breached the support level 1.3090 and settled below it. Therefore, the opportunity is available to complete the descending path and reach the lower limit of the channel, which is the next target for the …

#CCI

The trend is descendant. The security is fluctuating between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.

Trade idea: 

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

Stop-loss …

The general trend is ascendant. The descendant wave structure is truncated. The currency pair is fluctuating between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Watch AUD/USD online

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) breaches …