Daily reviews

News for today, November 16:

The yuan hit a five-month high in Asia on Tuesday as traders reacted positively to the dialogue between U.S. President Joe Biden and Chinese leader Xi Jinping. The dollar traded around a 16-month high against the euro ahead of U.S. retail sales data, which could …

AUD/CAD

The overall trend is downward. The currency pair trades in the range of the upper border of the descending price channel and the moving averages (365 and 135 EMA). A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.

AUD/CAD rate online: monitor …

The GBP/USD pair touched the 1.3355 level and rebounded significantly to make some bullish correction for the decline that started from 1.3834 areas. EMA50 forms continuous negative pressure in front of the price, while the stochastic indicator is showing clear negative signs now.

Thus, we believe that resumption of the …

Gold price ended last week’s trading above the level of 1860.00, which supported the overall positive scenario for the upcoming period despite the decline witnessed by the price at the opening of the day; now it is waiting to head towards 1900.00 as a main positive station.

The negativity of …

News for today, November 15:

European stock markets are expected to open slightly lower on Monday, as the positive earnings season ends and fears of rising Covid-19 cases mount. Major European stock indices have approached record levels in recent weeks, boosted by strong corporate income reports and hopes that the …

#VOW3

The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. The support level of 182.20 holds back the sellers.

Trading idea:

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

EUR/NZD

The overall trend is downward. The ascending patterns H8, H2 and H1 are truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions. The inclined channel of the ascending pattern of the H2 level is broken by the downward movement.

EUR/NZD rate online: …

Gold price starts today’s trading with a slight bearish tendency to move below 1860.00. However, we will rely on the daily closing above this level that the price achieved. Therefore, we continue suggesting the bullish trend for the upcoming period, with the price heading towards the 1900.00 level mainly.

The …

The GBP/USD pair shows additional negative trades to move away from the 1.3415 level. It supports the continuation of the bearish trend scenario on the intraday and short term, and we believe that the way is open to achieving our next target at 1.3300. Breaching it is the key to …

News for today, November 12:

On Friday, the U.S. dollar is about to conclude the best week in five months amid expectations of a Federal Reserve rate hike, which are driven by the data released earlier this week that showed the fastest inflation in the U.S. in three decades.

The …