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Currency pair analysis EUR/USD

03.03.2022

Market Review

The euro against the dollar is trading below the 1.1150 level, to keep the negative pressure valid for the upcoming period, waiting to visit the 1.1000 level as a next main target.

Watch EUR/USD online

The EMA50 continues to support the suggested bearish wave, noting that breaching 1.1150 and stabilizing …

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Gold analysis

03.03.2022

Market Review

Gold price tested the pivotal support floor 1916.25 and rebounded upwards from there, to keep the bullish trend scenario valid and effective for the upcoming period. It is supported by the current positivity of the Stochastic Indicator, in addition to the EMA50 that carries the price from below, waiting to …

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Inflation issue still matters

02.03.2022

Market Review

News of the day, Wednesday, 2 March:

Crude price reached 7-year highs today as supply tightening fears soar among Russia-Ukraine escalation. This morning WTI oil is fluctuating around $110, and Brent barrel is nearly at $111. The market is concerned about strict sanctions imposed on Russia, as it may cause …

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Trade idea for Apple Computer Inc. (NASDAQ)

02.03.2022

Market Review

#AAPL

The share is trading between 365 and 135 EMA. The ascendant truncated wave structure is finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and moving levels of Stochastic Oscillator have left the overbought area.

Trade idea:

Sell when 161.93 is breached.

Stop-loss — 166.80.

Target levels: 155.00; …

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USD/NOK currency pair analysis

02.03.2022

Market Review

The trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Watch USD/NOK online

Trade idea:

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

Stop-loss is beyond …

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GBP/USD currency pair analysis

02.03.2022

Market Review

The GBP/USD pair achieved a strong break of the 1.3390 level and reached the 1.3310 level directly, and by looking closely at the chart, we find that the price completed forming a bearish flag pattern, to support the chances of breaking the last level and opening the way to achieving …

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Gold analysis

02.03.2022

Market Review

Gold price ended yesterday’s trading with a strong positivity, settling above the level of 1928.60, to move towards continuing the rise on the intraday and short term, targeting the levels of 1960.00 then 2000.00 as the next main stations.

 

The moving average 50 supports the expected ascending wave, …

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Peace? Maybe next time

01.03.2022

Market Review

News for today, Tuesday, March 1

Mastercard has blocked many Russian financial institutes following the sanctions that the Western world has imposed on Russia after the invasion of Ukraine. It also promised to continue working with regulators and donate $2 million to humanitarian aid. Visa has also stated that it …

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Gold Analysis

01.03.2022

Market Review

Gold price is trading below the 1916.25 level, and it made negative attempts yesterday. But it faces strong support at 1895.00, waiting to break this level to push towards our awaited negative target at 1860.00 directly.

In general, the bearish trend scenario will remain valid and effective for the upcoming …

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GBP/USD currency pair analysis

01.03.2022

Market Review

The pound sterling against the dollar ended yesterday's trading with a noticeable positivity to settle above 1.3390, to notice that it recorded a bullish bottom that supports chances of achieving more expected gains in the upcoming sessions, on its way to achieving positive targets that start at 1.3460 and extend …

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