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Gold analysis for 29.11

29.11.2021

Technical reviews

Gold price ended last Friday’s trading below the 1797.00 level, which reactivated the bearish trend scenario, and the price is waiting to visit the 1770.00 level as the first negative target.

The EMA50 forms strong negative pressure that supports the continuation of the expected decline, noting that breaking the target …

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Currency pair analysis: GBP/USD

29.11.2021

Technical reviews

The GBP/USD pair has tested the 1.3355 level and has maintained stability below it so far. Besides, clear negative signs have emerged on the stochastic indicator, while the EMA50 continues its negative pressure on the price.

Therefore, the bearish trend will remain in control during the upcoming sessions, as long …

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Currency pair analysis: EUR/AUD

26.11.2021

Technical reviews

EUR/AUD

The bulls are approaching the resistance level of 1.5746. The growth of the currency pair today amounted to 175 points with an average movement of 100 points. A bearish divergence is forming on the Awesome Oscillator, and the Stochastic Oscillator signals overbought conditions.

 

EUR/AUD rate online: monitor the price …

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Gold analysis for 26.11

26.11.2021

Technical reviews

Gold price is trading with noticeable positivity now: it tests the 1797.00 level and tries to breach it. This requires attention during future trading, as the price needs to stabilize below this level to keep the bearish trend active, which targets the 1770.00 level next.

Breaching 1797.00 and holding above …

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Currency pair analysis: GBP/USD

26.11.2021

Technical reviews

The GBP/USD pair shows more negative trades now and starts pressing the 1.3300 barrier, which supports the continuation of the expected bearish trend scenario on the intraday and short term. The trend is organized within the descending channel shown in the image, and the price is waiting to visit 1.3160 …

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26.11. New coronavirus strain alerts investors; oil falls due to chance of oversupply

26.11.2021

Technical reviews

News for today, November 26:

Asia-Pacific stocks tumbled on Friday morning, ending the week with a decline amid the discovery of a new strain of coronavirus. This is their steepest drop in 3 months. Oil also fell after a new and possibly vaccine-resistant variant of the coronavirus was discovered. The …

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Trading idea: Symantec Corporation (NYSE)

25.11.2021

Technical reviews

#SYMC

The overall trend is upward. The descending wave pattern is truncated. The support level of 24.32 holds sellers back. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

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

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Currency pair analysis: AUD/JPY

25.11.2021

Technical reviews

AUD/JPY

The overall trend is downward. The currency pair trades in the range of 365 and 135 moving averages. The ascending wave pattern is truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.

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

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25.11. Strong dollar, oil drops in anticipation of OPEC + meeting

25.11.2021

Technical reviews

News for today, November 25:

Tech stocks rose in Asia on Thursday, following their peers in the U.S. Growth, however, was limited by the strength of the U.S. dollar, as investors bet on the U.S. to raise interest rates faster than other major economies.

The U.S. dollar is trading almost …

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Trading idea: Adidas AG (XETRA)

24.11.2021

Technical reviews

#ADS

The overall trend is upward. The estimated corrective movement is in the range of 365 and 135 moving averages. The Stochastic Oscillator signals oversold conditions. The support level of 257.70 holds sellers back.

Trading idea:

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

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