Daily reviews

#DHR

The overall trend is ascendant. The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator, and Stochastic Oscillator signal the oversold conditions. The inclined channel of the descendant pattern is breached. The breaking of 279.50 will form the ascending wave pattern.

Trading idea:

Buy …

The support level of 91.00 holds back the buyers. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

Watch CAD/JPY online

Trading idea:

Sell when the descending wave pattern is formed, where the wave (A) breaches …

News of the day, Monday, February 28

The Russian economy suffers from the Ukraine invasion. USA and EU have imposed the broadest sanctions in history, Russian stock market, Russian currency, and international relations collapse. The USD/RUB has exceeded the 100.00 level — an all-time maximum. The Central Bank of Russia …

Gold price started today’s trading with a bullish gap to trade at 1927.00, but resumed negative trading to settle below 1916.25 level, to keep the bearish trend scenario active for the upcoming period, which targets the 1860.00 level mainly.

We point out that breaking 1895.00 level will facilitate the price's …

The GBP/USD pair traded negatively at the opening of the day, moving below 1.3390, to reactivate the negative scenario whose targets begin by testing the 1.3310 level, noting that breaking this level will open the way for a rally towards 1.3175 areas.

Therefore, the bearish bias will be likely for …

#ORA

The general trend is descendant. The resistance level of 11.112 restrains buyers, Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. Breaching of 10.600 will cause the descendant wave structure to form.

Trade idea:

Sell when 10.600 is breached.

Stop-loss: 11.112.

Target levels: 10.20; 9.70.

The 16.9600 support level restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator’s moving levels are upbound. The pivot 2 of wave C of the descendant truncated structure is breached.

Watch EUR/ZAR online

Trade idea:

Buy when level 17.22098 is breached.

Stop-loss — …

News of the day, Friday, February 25

European stock markets have rebounded slightly upwards after the start of the broad Russian invasion in Ukraine. Yesterday’s decline in European index futures seemed rather tragic, but just a day after it seems to calm down. The DAX futures traded 0.1% higher, CAC …

The price of gold fell strongly yesterday, to record a historical decline in one day, and ended trading below the level of 1916.25, to fall under additional negative pressure expected in the upcoming sessions, on its way to visit the level of 1860.00 mainly.

Therefore, the bearish bias will be …

The pair sterling against the dollar rebounded strongly after touching the 1.3310 level, to trade above 1.3390 now, and starts today with more rise to head towards achieving expected gains in the upcoming sessions, and we suggest testing 1.3460 then 1.3525 levels as next positive stations.

Therefore, we expect to …