Daily reviews

News for today, December 1st:

Wall Street ended lower yesterday after Federal Reserve Chairman Jerome Powell said the U.S. central bank would consider accelerating the tapering of bond purchases. His announcement is prompted by an increase in inflationary risks, which are putting pressure on the market, already unstable due to …

The pound sterling against the dollar traded sharply downward yesterday after testing the 1.3355 level. The price touched the 1.3200 barrier and rebounded upwards to approach testing the 1.3355 level again. The EMA50 meets with this level to add more strength to it, which supports the continuation of the bearish …

Gold price succeeded in touching our awaited target at 1770.00 and now finds strong support there. It shows some temporary bullish bias now, and it may test the 1785.00 level before declining again, waiting to break 1770.00 to confirm the extension of the descending wave towards 1734.00.

The moving average …

#AEP

The overall trend is upward. The descending wave pattern is truncated. Formation of a multi-candlestick "double bottom" pattern is likely. A bullish divergence has formed on the Awesome Oscillator.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of …

USD/JPY

The overall trend is upward. The descending wave pattern is truncated and ended with a breakout of the inclined channel. A bullish divergence has formed on the Awesome Oscillator.

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

Trading idea:

Buy at the breakout of 113.70.

Stop Loss: 112.50. …

News for today, November 30:

Drugmaker Moderna (NASDAQ: MRNA) reinforced concerns in financial markets on Tuesday, as the company's head warned that COVID-19 vaccines are not likely to be as effective against the Omicron variant as against the Delta strain. As a result, oil prices fell on Tuesday, decreasing more …

Gold price kept its stability below 1797.00 level, and now faces a strong support line that hinders the price’s downward path. Therefore, it needs to break the 1783.0 level to open the way to our first awaited negative target at 1770.00.

In general, we continue to suggest the bearish trend …

The GBP/USD pair traded lower after the repeated test of 1.3355, which keeps our bearish trend expectations valid for the upcoming period. They are also supported by the negative pressure formed by the EMA50: it means that trading within the descending channel shown in the image is likely, with the …

EUR/GBP

The overall trend is downward. The ascending wave pattern of the H4 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.

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

Trading idea:

Sell when a descending wave pattern …

News for today, November 29:

Oil prices rebounded on Monday as investors started buying more oil after Friday's slump, as well as on speculation that OPEC + could halt output increase in response to the spread of the Omicron strain. Oil prices fell more than 10% on Friday, the largest …