Daily reviews

News for today, November 3rd:

European stock markets are expected to open lower on Wednesday ahead of the highly anticipated Federal Reserve meeting, which could begin to ease monetary stimulus introduced in the world's largest economy during the pandemic. Wall Street's major indices rose to record highs on Tuesday as …

Gold price provided additional positive trades to test the pivotal resistance 1797.00, and it starts showing bearish rebound signals now, as it maintains its stability below the broken support of the bullish intraday channel that appears on the chart. Meanwhile, the stochastic indicator shows clear negative signs that are likely …

The pound sterling against the U.S. dollar was able to confirm breaking the 1.3665 level after closing the daily candle below it, reinforcing the expectations to continue the bearish trend. The price is heading towards the 1.3605 level, which is our next target. The negative effect of the double top …

#FRE

The descending wave pattern is truncated. The support level of 39.07 contains the sellers. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

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

XAG/USD

The overall trend is upward. Silver trades in the range of 365 and 135 moving averages. The descending wave pattern of the H2 level is truncated. The Awesome Oscillator shows a bullish divergence. Breaking 24.09 will result in the formation of an ascending wave pattern, where the wave (A) …

News for today, November 2nd:

Global stocks were just below all-time highs on Tuesday and currencies held tight ranges as investors await the Federal Reserve meeting, which is one of several central bank decisions this week that could determine risk appetite. The Reserve Bank of Australia was in the spotlight …

Gold price shows some bullish bias after the strong decline that it witnessed in the past sessions, to test a minor resistance level located at 1785.00, affected by the positivity of the stochastic indicator. Meanwhile, the EMA50 forms negative pressure in front of the price, which supports the chances of …

The pound sterling against the dollar fell strongly last Friday, breaking the 1.3720 level and reaching the first negative target at 1.3665. The price completed forming a double top pattern that supports the chances of achieving a more expected decline in the upcoming sessions, to surpass the current level and …

EUR/NOK

The overall trend is downward. The currency pair trades in the range of 365 and 135 moving averages. The ascending wave pattern of the H2 level is truncated. The Awesome Oscillator shows a bearish divergence. A “start fractal” was formed under the 135 moving average, followed by a “signal …

#DIS

The overall trend is upward. The descending wave patterns are truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern. …