Daily reviews

The descendant truncated wave structure of the H4 level has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence. The entry point is forming on the correction wave B.

Trade idea:

Buy when breaching 1.1335.

Stop loss below the support level 1.1288.

Target levels: 1.1420; 1.1480.

#DTE

The general trend is ascendant. History mirror level 15.42 has restrained sellers. The descendant truncated wave structure has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence.

Trade idea:

Buy when breaching 16.33 level.

Stop loss is below the mirror level of 15.42.

Target levels: 17.18; 17.72.

News for today, Monday, January 24

After a volatile week, the market has frozen in wait for the Federal Reserve’s meeting again. One more Jerome Powell’s press conference and monetary policy updates will undoubtedly cause some more turmoil after Tuesday. However, until then… DOW J has lost 1,30%, NYSE composite …

Gold price rebounded upwards after testing the support floor 1830.00, to keep the bullish trend scenario valid and effective on the intraday term, organized within the bullish channel that appears on the image, waiting to visit the level of 1860.00 mainly.

The moving average 50 continues to support the suggested …

The British pound against the dollar is trading below the broken neckline of the double top pattern, to keep the negative pressure valid for the upcoming period, noting that the targets of the negative pattern cross 1.3530 to reach 1.3460 then 1.3400.

Therefore, the bearish trend will remain dominant over …

#JNJ

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

Trade idea:

Buy when the ascendant wave structure forms where the wave (A) breaches the inclined channel of the descending wave structure.

Stop loss below the local …

NZD index is traded along the support level of 67.10. The currency pair NZD/USD shows the descendant truncated wave structure of the H1 level testing the support level of 0.6701. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator shows oversold conditions.

Trade idea:

Buy on breaching 0.6728.

Stop loss below …

News for today, Friday, January 21

The World Bank has lent $750 million to South Africa to support economics in recovery from the pandemic. South Africa, the second economy on the continent, has been damaged hard by COVID. The virus has killed 94 000 people and raised unemployment to a …

#DPW

The general trend is ascendant. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant truncated structure is pierced.

Trade idea:

Buy when price breaches through 54.41.

Stop Loss – 53.00.

Target levels: 57.74; 61.15.

The descendant wave structure of M30 level is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when an ascendant wave structure starts forming, where a wave (A) pierces the inclined channel of the descendant truncated structure of M30 level.

Stop Loss below a …