Daily reviews

#ITX

The company’s shares continue to decrease, becoming more attractive for buying. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. Bears have tested the support of January 2021.

Trade idea:

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

The currency pair fluctuates between 365 and 135 ascendant moving averages. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The support of 1.5833 continues to restrain sellers.

Watch EUR/AUD online

Trade idea:

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

News of the day, Tuesday, February 15

Gold has reached its 8 months top as the investors are in search of a safe haven while Russia-Ukraine tension rise. Despite all the diplomatic efforts to ease the Ukrainian conflict, gold price rises as such an asset ensure investors from economic risks. …

Gold price surged strongly to breach the 1860.00 level and settle above it, to activate the positive scenario and head towards achieving more expected gains during the upcoming period, on its way to test the 1900.00 barrier as a next major station.

The moving average 50 supports the suggested ascending …

The GBP/USD pair made an attempt to breach the 1.3525 level, but it was not able to hold for long below it, to show some slight bullish bias now, noting that the EMA50 constitutes good negative pressure in front of the price, while the stochastic indicator loses its positive momentum …

#MKS

The general trend is ascendant. Bears test the mirror level 1.9100. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The share fluctuates between 365 and 135 moving averages.

Trade idea:

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

The currency pair fluctuates between 365 and 135 ascendant moving averages. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The descendant truncated structure’s inclined channel is breached.

Watch EUR/AUD online

Trade idea:

Buy when the ascendant wave structure forms.

Stop-loss below …

News of the day, Monday, February 14

The USA's economy has decreased to a record low level according to the Heritage Foundation’s economic freedom annual index. The report points out that the USA has fallen by 2,7 points compared to the economic freedom index of 2021. The current level is …

The price of gold managed to touch the positive target indicated in our last technical update at 1860.00 and found strong resistance there, to hang between this barrier and the support that was formed at 1845.00, which makes us prefer to stop being neutral until the price confirms that it …

The GBP/USD pair tested the pivotal resistance 1.3610 and rebounded sharply lower from there, to start pressure on the 1.3525 level, and we suggest surpassing this level to open the way to continue the decline and head towards 1.3460 as a next negative target.

From here, the bearish bias is …