Daily reviews

AUD/CAD

The support level of 0.9130 holds back the sellers. The descending wave pattern of the H4 level is truncated. A bullish divergence has formed on the Awesome Oscillator.

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

Trading idea:

Buy when an ascending wave pattern is formed, where …

The gold price managed to break the 1800.00 level and stabilize with the daily closing below it, which supports the continuation of the expected bearish trend scenario for the upcoming period. It is also supported by the negative pressure formed by the moving average 50, waiting to visit the 1770.00 level …

The GBP/USD pair succeeded in achieving our awaited target at 1.3355 and settling near it, and is likely to break this level with the support of the negative pressure formed by the EMA50. It will open the way to 1.3160 as the next negative target.

From here, the bearish trend …

News for today, November 24:

European stock markets are expected to open slightly higher on Wednesday, recovering from sharp losses in previous sessions as investors digest a surge in Covid-19 cases in the region ahead of key economic data. The U.S. dollar rose slightly in Asia, having calmed down after …

Gold price settled near the level of 1800.00 after the strong decline that it witnessed yesterday, which indicates that the price is on the way to achieving more expected decline in the upcoming sessions. Exceeding this level will lead the price to visit the level of 1770.00 directly.

Therefore, the …

The GBP/USD pair resumed its negative trading to approach our awaited target at 1.3355. We expect it to break this level and to continue the decline within the descending channel that appears on the chart, supported by the EMA50, noting that the next target extends to 1.3160.

The stability below …

CAD/CHF

The overall trend is upward. The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. The breakout of 0.7360 will result in the formation of an ascending wave pattern within the general uptrend.

CAD/CHF rate online: monitor the …

News for today, November 23:

Asian stocks fell on Tuesday in response to Wall Street's decline, as traders became convinced of the speculation that U.S. rates will rise in 2022. This came after President Joe Biden appointed Federal Reserve Chair Jerome Powell to lead the central bank for a second …

Gold price faced strong negative pressure in the past sessions: it completed forming a minor double top pattern and was approaching the 1834.00 level. The price shows recovery attempts now, but it is still below the broken neckline of the mentioned negative pattern, which makes us prefer to stay aside …

The pair tested the 1.3470 level and bounced down from there, which keeps the bearish trend scenario active for the upcoming period. It will be organized within the descending channel that appears on the chart, and the price will visit 1.3355 as the next main target.

The moving average 50 …