Daily reviews

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

The pound sterling and U.S. dollar pair traded with noticeable positivity in the past sessions. It aims to cross the resistance line that appears in the chart and to approach the resistance of the main descending channel. Though the EMA50 forms …

The ascending wave pattern of the H1 level is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals overbought conditions.  

AUD/NZD rate online: monitor the price movement in real time.

Trading idea:

Sell when the descending wave pattern is formed, where the wave …

News for today, December 10:

Oil prices edged lower on Friday but remained on track for their highest weekly gain since late August. It was caused by changed market sentiment amid eased concerns about the Omicron coronavirus variant with regard to global growth and fuel demand. The strengthening of the …

Gold price showed noticeable negative trades yesterday and completed forming a bearish continuation flag pattern, whose features appear on the chart above. The price is expected to get a negative motive that will push it to the awaited negative levels. The target levels start at 1770.00 and extend to 1734.00 …

The GBP/USD pair tests the resistance line again, and clear overbought signs are noticed on the stochastic indicator, while the EMA50 continues to press negatively on the price.

These factors encourage us to continue suggesting a bearish trend for the upcoming period. Its targets are 1.3160 ​​and 1.3050 after breaking …

AUD/NZD

The currency pair trades in the range of the upper border of the descending price channel. The ascending wave patterns of the D1 level are truncated. A bearish divergence has formed on the Awesome Oscillator. The inclined channel of the descending wave pattern is broken.

AUD/NZD rate online: monitor the …

News for today, December 9:

Stocks rallied in volatile trading on Thursday as concerns over the economic impact of Omicron continue to subside. At the same time, the growing caution of investors ahead of publication of the U.S. inflation data has limited other risky assets such as oil and the …

USD/MXN

The overall trend is upward. The currency pair trades in the range of 365 and 135 moving averages. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

USD/MXN rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending …

Gold price shows calm positive trades and is expected to test the EMA50, accompanied by the stochastic loss of positive momentum and the emergence of overbought signs. It will motivate the price to resume the expected bearish trend in the intraday term. The pattern targets testing 1770.00, and breaking this …

The GBP/USD pair shows slight positive trades to test the resistance line that appears on the chart above. The price maintains stability below the resistance level, forming the first protection factor for the bearish trend within the main descending channel, waiting for the rebound downwards to head to our main …