Daily reviews

#DAL

The entry point is being formed on the rollback of B. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending pattern …

Gold price is trading at 1,770.00 after the decline it witnessed yesterday evening. The attempts are made to break this level, reinforcing the expectations of the continuation of the bearish trend’s dominance. We expect it to head towards 1,734.00 as the next negative target.

On the other hand, we notice …

The GBP/USD pair presented positive trades to test the EMA50 that forms a continuous resistance in front of the price. This is accompanied by the loss of the positive momentum stochastic and the start of negative crossover signs appearing on the H4 time frame. It is waiting to motivate the …

On the H4 timeframe emerged the false breach of the level with the formation of hammer pattern. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Indicator signals oversold conditions.

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

Trading idea:

Buy when the round intermediate level …

News for today, Tuesday, December 14:

The dollar traded near a one-week high on Tuesday, supported by expectations of hawkish Federal Reserve meeting this week. The U.S. central bank is expected to announce it will wrap up its bond buying stimulus sooner than previously communicated, potentially setting up earlier interest …

The gold price did not show any strong movement since yesterday. It continued to fluctuate around the EMA50, and therefore, there is no change in the expected bearish trend scenario for the upcoming period.

The trend is supported by the negative signal presented by the Stochastic Indicator now, waiting to …

The GBP/USD provided noticeable negative trading yesterday to settle below the 1.3200 barrier. It reinforces the expectations of continuing the bearish trend in the intraday and short term. The price is approaching the first awaited target at 1.3160. The breaking of this level will push the price to 1.3000 …

The ascending wave pattern of the H1 level is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions. The breach of 1.0524 level will form the descending wave pattern, where the wave (A) breaks the inclined channel of the ascending truncated …

News for today, December 13:

U.S. dollar starts higher on Monday as investors wait for the central bank meetings this week. The ECB, The Fed, Bank of Japan, the Bank of England, Swiss National Bank, Central Bank of Russia, and others will issue the updated policies.

The oil rallies on …

Gold price bounced upwards after touching the first awaited target at 1,770.00. It tried to retest the broken support line for the bearish flag pattern, accompanied by the noticeable loss of the positive momentum stochastic. Still, the bearish trend resumes, and the price breaks the mentioned level to head …