Daily reviews

#DGE

The general trend is ascendant. The share fluctuates between 365 and 135 moving averages. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence.

Trade idea:

Buy when price breaches 37.6420.

Stop-loss: 36.3260.

Target levels: 39.0500; 40.4300.

News for today, Friday, January 28 

The US dollar increased during European trade today, showing the best result in seven months after Federal Reserve’s announcements. The dollar index gained 0.1% to 97.345 restoring after a long depressive period. 

Japan’s pandemic measures create zombie companies. The last year had the fewest …

The pound sterling against the dollar was able to touch our awaited target at 1.3400 and settle around it, and is moving within a descending channel that supports the chances of continuing the decline in the upcoming period, heading towards targeting 1.3310 areas in the near term.

The positivity of …

Gold price traded with strong negativity yesterday, to touch our awaited target at 1797.00, and attempts to break it, to provide indications of heading to achieve more negative targets during the upcoming period, waiting to head towards 1770.00 in the near term.

Therefore, we suggest the continuation of the negative …

The currency pair fluctuates between 365 and 135 downbound moving averages. The ascendant wave structure is truncated. 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 …

#ITX

The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and the moving levels of Stochastic Oscillator left the oversold area.

Trade idea:

Buy when the ascendant wave structure forms where a wave (A) breaks through the inclined channel of the ascendant truncated …

News for today, Thursday, January 27

The International Monetary Fund warns about new rate hikes soon. Such an urge to tackle the inflation problem is partially connected with governments striving to restore their economies. Even when a policymaker like Jerome Powell of Fed announces a smooth transition, risky stocks are …

The GBP/USD pair managed to break the 1.3460 level and now settles below it, which supports the continuation of the expected bearish trend scenario effectively in the upcoming sessions, paving the way for achieving more negative targets that start at 1.3400 and extend to 1.3310 after surpassing the previous level. …

The gold price achieved a strong breach of the 1825.15 level and ended yesterday’s trading below it, which stops the suggested positive scenario in our recent reports and leads the price to shift to the downside, on its way to test the 1797.00 level initially, noting that breaking this level …

The descendant wave structure is truncated. The support level of 0.8975 restrains sellers. Awesome Oscillator, as well as Stochastic Oscillator, indicate bullish divergence.

Trade idea: 

Buy when an ascendant wave structure starts forming, where a wave (A) pierces the inclined channel of the descendant truncated structure.

Stop loss below the …