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General Motors Trading Analysis (02/08/2024)

02.08.2024

Market Review

The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

General Motors stock price chart

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated …
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USD/JPY Trading Analysis (02/08/2024)

02.08.2024

Market Review

The RSI indicator demonstrates oversold condition on the D1 timeframe. Bears had tested the lower boundary of the ascending price channel. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The entry point at the pullback B with …

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Costco Trading Analysis (01/08/2024)

01.08.2024

Market Review

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМА. The downward inner truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Costco stock price chart

Trading idea:

  • Buy on the breach …
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EUR/USD Trading Analysis (01/08/2024)

01.08.2024

Market Review

The moving average of the RSI indicator rebounded from the oversold level of 30 on the H4 timeframe. The downward truncated wave structure ended with the breach of the pivot 2 of the wave C. There is a bullish divergence on the Awesome Oscillator.

EUR/USD price chart

Trading idea:

  • Buy on the breach …
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Netflix Trading Analysis (31/07/2024)

31.07.2024

Market Review

The trend is up. The stock trades in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the wave …
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EUR/USD Trading Analysis (31/07/2024)

31.07.2024

Market Review

The moving average of the RSI indicator rebounded from the oversold level of 30 on the H4 timeframe. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.

EUR/USD price chart

Trading idea:

  • Buy at the breach of 1.0830.
  • Stop-loss at …
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Costco Trading Analysis (30/07/2024)

30.07.2024

Market Review

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Costco stock price chart

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the …
Read more

USD/CHF Trading Analysis (30/07/2024)

30.07.2024

Market Review

The trend is down. The pair is trading in the range between 365 and 135 ЕМА. The ascending inner wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition. 

USD/CHF Forex price chart

Trading idea:

  • Sell when the formation of the downward wave structure begins, …
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Amazon.com, Inc. Trading Analysis (29/07/2024)

29.07.2024

Market Review

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the pivot 2 of the wave C. There is a bullish divergence on the Awesome Oscillator. Moving averages of the Stochastic Oscillator are out of the oversold zone. …

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GBP/USD Trading Analysis (29/07/2024)

29.07.2024

Market Review

The trend is up. The currency pair is trading in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.

GBP/USD price chart

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when …
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