Daily reviews

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 …

#CCI

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The mirror level 166.90 restrains sellers.

Trade idea:

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

Stop-loss below the mirror …

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.

Watch AUD/CAD online

Trade idea:

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

#NESN

The overall trend is ascendant. The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator. The Stochastic Oscillator signals the oversold conditions.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated …

Bulls have tested the upper border of the descendant price channel on a daily timeframe. The ascendant structures of D1 and H4 levels are 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 …

News of the day, Friday, February 11

AstraZeneca is announced to become a component of NASDAQ-100 index replacing the Xilinx company there. AstraZeneca has reported 2021 results recently, showing a 41% income growth last compared to 2020. The income rise excluding the Covid-19 vaccine is 26%. In 2021, the company …

Gold price’s trading rebounded significantly after it completed forming a rising wedge pattern whose features appear in the chart above, which limited the recent trades, to start attacking the pivotal support 1825.15, which provides indications that the price is heading to achieve more expected decline in the upcoming sessions, on …

The GBP/USD pair achieved our first awaited positive target at 1.3610, and rebounded sharply downwards from there, to start pressure on the 1.3525 level, which provides indications that the price is heading to return to the bearish corrective path after failing to surpass the 1.3610 level on the second attempt. …

News of the day, Thursday, February 10

The Taiwan-based Foxconn, an iPhone manufacturer will launch an investment in electric vehicle manufacturing. The factory will build an industrial site on 200 hectares to make battery cells, cathode precursors, and telecom spare parts with the vehicles. Foxconn is about to pair with …