Daily reviews

News for today, Thursday, January 20

Oil prices continue to hover near to 2014 level following supply disruptions and strong demand. This week has been quite eventful for the oil industry: it all started with Yemen’s Houthi group attacking the UAE, then followed up with an incident on the Kirkuk-Ceyhan …

The descendant wave structures H4 and H2 are truncated at the moment. 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 H2 level.

Stop …

#CCI

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence and Stochastic oscillator shows oversold conditions. Mirror level 181.40 restrains sellers. The inclined channel of descending wave structure is pierced.

Trade idea:

Buy when level surpasses 186.40.

Stop Loss below mirror level – …

News of the day, Wednesday, January 19

China’s cyberspace administration will require large internet companies to obtain a special approval before rising any funds inside PRC. The requirements will apply to any platform with more than 100 million users or with a revenue greater than 10 billion yuan.

Stock markets …

The overall trend is ascendant. The descending wave patterns H8, H2, AND M30 are truncated at the moment. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches …

News of the day, Tuesday, 18 January: 

Mideast tensions and limited supply made Brent crude reach a 7-year maximum of $87.55. Supply has interrupted after a Houthi group attacked the UAE fuel company ADNOC. Houthi is an Iranian-supported radical Islamic group from Yemen. Previously they have struck Saudi Arabia. WTI crude rose as well – by …

The dollar against the yen pair opened today's trading with a strong rise to breach the 114.65 level and settle above it. It tries to return to the ascending channel that appears in the chart above and resume the main bullish path. Now the price is on its way to …

The currency pair is traded at the lower edge of the ascending price channel. The descending wave pattern of the H1 level is truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator have left the oversold area.

AUD/USD rate online: monitor the …

The GBP/USD pair ended yesterday's trading below the 1.3660 level, which halts the suggested positive scenario in our recent reports and pressures the price to turn to the downside. Now it is on the way to achieving negative targets that start at 1.3565.

GBP/USD rate online: monitor the price …

News of the day, Monday, 17 January:

Traders are on the weekend: Martin Luther King Day is a day off for New York Stock Exchange and Nasdaq. Stock futures remain active, including contracts linked to DOW (INDU), S&P 500 (SPX), and Nasdaq 100 (NDX).

Dollar rebounds after its steep negative …