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Currency pair analysis EUR/CAD

29.12.2021

Market Review

The overall trend is ascending. The pair is trading in the range of 365 and 135 moving averages. Above the 135 moving average, there is a fractal start, below that formed a signal fractal. The breach of the fractal start will form the ascending pattern 1-2-3. There is a bullish …

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Currency pair analysis GBP/USD

29.12.2021

Market Review

The pound sterling and dollar pair tested the support floor that it formed above 1.3410. The price keeps its stability above it, awaiting the resumption of the bullish corrective trend, which targets 1.3485 and 1.3565 as the next major stations.

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

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Gold analysis

29.12.2021

Market Review

Gold price traded lower after testing the 1,820.00 level yesterday and settled around 1,805.00. The Stochastic Indicator shows clear positive signs now, waiting to motivate the price to resume the expected bullish trend for the upcoming period. Its initial target is the 1,825.15 level.

We remind you that holding …

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Africa breaks into crypto. Slow market regains amid New Year holidays.

28.12.2021

Market Review

News of the day, Tuesday, December 28th:

Investors have returned to risk assets as the biggest fears about the new variant's impact have faded. After soaring more than 2% to their highest in a month the day before, oil prices cautiously extended gains on Tuesday. Asian stocks rose somewhat, riding …

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Trading idea for Industria de Diseno Textil (BM)

28.12.2021

Market Review

#ITX

The overall trend is ascending. The support level 27.00 holds the sellers back. The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator. The inclined channel of the descending truncated pattern is breached.

Trading idea:

Buy when the 28.28 level is breached.

Stop loss …

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Currency pair analysis CAD/JPY

28.12.2021

Market Review

The overall trend is descending. The currency pair is trading in the range of the upper edge of the descending price channel. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

CAD/JPY rate online: monitor the price …

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Currency pair analysis GBP/USD

28.12.2021

Market Review

The GBP/USD pair managed to achieve our first awaited target at 1.3410 and breached it to settle above it. This supports the continuation of our expectations of the dominance of the bullish corrective trend, whose next target is 1.3485.

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

Therefore, …

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Gold analysis

28.12.2021

Market Review

Gold price is crawling to the upside, moving away from the 1,797.00 level. This reinforces the expectations of continuing the bullish trend, waiting to test the 1,825.15 level as a next positive target.

The EMA50 supports the expected positive scenario. Note that the breaching of the target level will extend …

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Post-holiday trading continues weak trend

27.12.2021

Market Review

News of the day, Monday, December 27th:

China said on Monday that companies in Beijing's sub-sector of foreign investment should seek government approval for overseas listing. The National Development & Reform Commission (NDRC) also said that foreign exchange should not be involved in the operation and management of these companies. …

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Currency pair analysis NZD/USD

27.12.2021

Market Review

The overall trend is descending. The ascending truncated 5 sub-wave pattern has completed. There is a bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator have left the zone of the overbought conditions. The breach of the 0.6803 level will form the descending wave pattern. …

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