Daily reviews

News of the day, Wednesday, February 9

Mary Daly, a Fed’s official, has supported the interest rate hike in March. In her recent CNN interview, she pointed out the need to get inflation under control and that Fed “can't be overly aggressive and analysts can't be too slow. Inflation is …

Gold price managed to breach the 1825.15 level and close the daily candle above it, which supports the continuation of the bullish trend on the intraday term, paving the way to head towards 1860.00 as a next positive target. 

The EMA50 continues to support the suggested bullish wave, noting that …

Pound Inggris terhadap dolar berkonsolidasi di atas level 1,3525 dan menghadirkan perdagangan yang lebih positif, untuk terus menunjukkan tren bullish dalam jangka waktu intraday, menunggu kenaikan lebih lanjut untuk menguji level 1,3610, yang merupakan target positif berikutnya.

Tembusnya level tersebut akan mendorong harga ke 1,3750 sebagai stasiun utama berikutnya, sementara …

The British pound against the dollar is consolidating above the 1.3525 level and presenting more positive trades, to continue suggesting the bullish trend on the intraday term, waiting for more rise to test the 1.3610 level, which represents the next positive target. 

The breach of the mentioned level will push …

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

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 is …

#BMW 

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

Trade idea: 

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

Stop-loss below the local …

News for today, Tuesday, February 8

The US dollar has increased by 0.22% on Tuesday after a hawkish announcement of ECB officials in the last week. The euro has gained 2.7% then, yet hadn’t beaten the resistance level around $1.1483 and had consequently decreased to 1.1418. On the other hand, …

The GBP/USD pair hovers around the 1.3525 level without confirming its position in relation to this level, which makes us stay neutral until we get a clearer indication of the next direction.

We remind that breaking of the mentioned level will put the price under additional negative pressure that targets …

Gold price resumed its positive trading to reach the awaited target at 1825.15, and obtains continuous positive support from the EMA50. It supports the chances of surpassing this level and opening the way for extended gains that reach 1860.00.

Thus, we continue to suggest the bullish trend for the upcoming …

The overall trend is descendant. The currency pair trades in the range of 365 and 135 moving averages. The ascending wave pattern has completed breaching of the inclined channel. There is a bearish divergence on the Awesome Oscillator.

Trading idea:

Sell when 0.9008 is breached.

Stop loss: 0.9078.

Target levels: …