Daily reviews

AUD/CHF

The overall trend is upward. The descending wave pattern of the H4 level is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. The support level 0.6700 holds back the sellers.

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

Gold price managed to touch our expected target at 1860.00 and found strong resistance there, showing some slight bearish bias. The price completed forming a positive technical formation that we believe will motivate it to resume the bullish bias and surpass the mentioned level to head towards 1900.00 in the …

The pound sterling against the dollar traded with strong negativity yesterday after breaking the 1.3500 level, and reached the expected negative target at 1.3415. It starts today with a more bearish bias and is expected to break this level and settle below it, confirming the shift to the downside. It is …

News for today, November 11:

US consumer prices rose at the fastest pace since 1990, which could lead to a faster tightening of the Federal Reserve's policy. Fears over inflation weighed on Asian stocks and sustained the dollar at a nearly 16-month high. However, the region's largest markets in mainland …

AUD/USD

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.

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

Trading idea:

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

Gold price managed to breach the 1825.15 level and close the daily candle above it. This supports the bullish trend scenario for the intraday and the short term, and the way is open towards 1860.00, our next target.

The EMA50 supports the price from below; breaking the level 1825.15 and …

The currency pair found it difficult to surpass the 1.3610 level and showed some temporary bearish bias. The stochastic indicator is trying to gain positive momentum on the intraday time frame, which would support the chances of surpassing the mentioned level and heading towards 1.3730 as the next positive target. …

News for today, November 10:

European stock markets are expected to open lower on Wednesday amid traders' caution ahead of key U.S. inflation data and renewed concerns over the state of the Chinese property market. Developer Fantasia Holdings announced Wednesday that it may not be able to meet its debt …

News for today, November 9:

Global stocks hit new highs yesterday, Monday, as investors welcomed the US infrastructure spending bill. The Wall Street benchmark index S&P 500 and the Nasdaq closed higher, extending record highs for an eighth straight session, despite a 4.9% drop in Tesla (NASDAQ: TSLA) Inc, which …

EUR/AUD

The currency pair trades in the range of the upper border of the descending price channel. The ascending wave pattern of the H2 level is truncated. A false breakout of the top of wave A has formed. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic …