Daily reviews

The pound sterling against the dollar was able to achieve our awaited target at 1.3525 and settle there, and obtaining positive support from the EMA50 to support the chances of surpassing this level and opening the way to achieving more gains in the upcoming sessions, as the next target reaches …

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

Trade idea:

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

Stop-loss below the local minimum of the descendant truncated …

#EA

The descendant wave structure is truncated. The share fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and moving levels of Stochastic Oscillator have left the oversold area. The entry point is forming on the pullback B.

Trade idea:

Buy when the ascendant wave structure is …

News for today, Tuesday, February 1

According to Goldman Sachs Group Inc., as Brent crude price is approx. $90 now, OPEC and its allies may announce a greater raise in production. Wall Street bank says the upshot of Wednesday’s meeting stay ‘balanced’ between the daily 400 000 barrels increase in …

Gold price provided positive trading yesterday, to test the pivotal resistance 1797.00, and maintains its cohesion below it until now, accompanied by the appearance of clear overbought through the stochastic indicator, waiting to resume the bearish bias and head towards 1770.00 that represents our next main target.

Thus, the bearish …

The pound sterling against the dollar tested the pivotal resistance 1.3460 and kept its stability below it, accompanied by the appearance of negative signals through the stochastic indicator, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.3400 then 1.3310 as main …

Bulls tested the historical resistance level of 1.7095. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trade idea:

Sell when the price is firmly below 1.7019 (the price of the last impulse candlestick opening).

Stop-loss – 1.7095.

Target levels: 1.6840; 1.6654.

#ITX

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

Trade idea:

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

Stop-loss below the local …

News for today, Monday, January 31

Chinese zero-Covid restrictions may impact the global supply chain. Although China has very few Covid cases, even rare occasions of shutting down entire cities and seaports concern the market a lot. Even a short-term lockdown may affect the entire world, acting with a ripple …

Gold price is trading below the 1797.00 level, to keep the negative pressure valid for the upcoming period, which targets visiting the 1770.00 level as the next main station.

Stochastic is starting to lose positive momentum to support the downside expectations, noting that breaching 1797.00 will stop the suggested negative …