Daily reviews

#CCI

The general trend is ascending. The descending wave pattern is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. Mirror level 181.42 restrains sellers. 

Trading idea: 

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

Stop …

The general trend is ascending. The currency pair is traded between 365 and 135 moving averages. The descending truncated wave structure of the H2 level has finished piercing the inclined channel. Start fractal has formed above 135 EMA. Awesome Oscillator indicates bullish divergence, and the moving averages of the Stochastic Oscillator have left the …

The pound sterling against the dollar traded significantly lower in the past sessions to test the pivotal support 1.3660 and kept its stability above it, accompanied by the emergence of positive signs through the Stochastic Indicator. The indicator is waiting to motivate the price to resume the bullish trend that is …

Gold price finds it difficult to consolidate above 1825.15, to trade negatively and test the EMA50 that continues to form strong support in front of the price. Together with the emergence of positive signs through the Stochastic Indicator, this encourages us to suggest resuming positive trades again. The price is waiting to …

News of the day, Friday, 14 January:

China's exports severely outnumbered imports, achieving an all-time record trade surplus in 2021 – $676.43 billion. Customs data also shows a $94.46 billion surplus in December solely, making it the greatest export month. Such success is due to China's effective pandemic measures – …

The GBP/USD pair starts today's trading with a bullish bias as a sign of heading to resume the main bullish path/ The price is motivated by the positive crossover signal provided by the Stochastic Indicator now, waiting for more rise up to the 1.3815 level.

GBP/USD rate online: monitor the …

Gold price provided additional negative trades yesterday and tried to stay away from the 1825.15 level. We notice that the EMA50 formed good support to protect the price from incurring more losses, as the price rebounded to trade above 1825.15 now. It keeps the bullish trend scenario valid for the …

The general trend is ascending. The currency pair fluctuates inside the top border of the Ichimoku cloud. Stochastic Oscillator indicates oversold conditions. Piercing the 11.950 level will result in forming the ascending pattern close to the greater level wave (C).

GBP/NOK rate online: monitor the price movement in real time.

Trading idea: …

News of the day, Thursday, 13 January

European markets decrease after USA monetary policy quakes. Investors got rattled after the recent news on American interest rates being rocketed – that resulted in a general dip of European stock exchange. DAX futures in Germany fell by 0.2%, FTSE 100 futures …

Gold price closed the daily candle above the level of 1825.15, reinforcing the expectations of the continuation of the bullish trend on the intraday basis, and waiting to obtain a positive incentive to contribute to pushing the price towards the level of 1860.00, which represents our next main target.

Therefore, …