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NZDCAD

The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions. In the range of the resistance level, a “Pin Bar” reversal pattern with a false breakout was formed.

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The GBP/USD pair made an attempt to breach the 1.3795 level, but it was unable to stay long above it and fluctuated at the bullish channel’s support again. It is worth noting that the stochastic indicator is providing new positive signals now, waiting to stimulate the price to resume the …

Gold price ended yesterday’s trading below the 1797.00 level, which provides signs of the return of the negative pressure’s control on the intraday term. However, the price is still within the bullish intraday channel that appears on the chart, which signals that opportunities are available for recovery and compensation of …

News for today, October 27th:

US stocks closed moderately higher on Tuesday, with the Dow Industrials and S&P 500 hitting new records but gains held back by falling Facebook shares after quarterly earnings. Asian stocks fell Wednesday amid renewed regulatory concerns that sparked the biggest sell-off in Chinese tech stocks …

The GBP/USD pair continues to fluctuate at the ascending channel's support, and is getting continuous support from the EMA50, while the stochastic indicator is showing positive signs now.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, whose targets begin by breaching 1.3795 to …

Gold price confirmed breaching 1797.00 level after closing the daily candlestick above it, and settling around 1800.00 level, reinforcing the expectations of continuing the bullish trend during the upcoming sessions, which gets good support from the EMA50, and we believe that the way is open to achieve our main positive …

News for today, October 26th:

Asian stocks were mostly higher on Tuesday after Wall Street closed at new record levels on Monday. However, new concerns about China's property sector have weighed on investor sentiment. China property stocks increased their losses in the afternoon sessions as the developer Modern Land defaulted …

Gold price opens today's trading with a bullish bias and tries to surpass the 1797.00 level, reinforcing the expectations of the continuation of the bullish trend on the intraday term, and we await heading towards 1825.15, which represents our next main target.

The EMA50 continues carrying the price from below, …

The GBP/USD pair's decline stopped at the bullish channel's support that appears on the image, and approached our awaited negative target at 1.3720, to rebound upwards and head towards resuming the main bullish trend, motivated by the positive signs provided by the stochastic indicator, waiting for the more expected rise …

News for today, October 25th:

Asian stocks rose on Monday in anticipation of publications of major quarterly earnings reports later this week. European stock markets are expected to open steadily; investors are tracking banking giant HSBC's strong performance, as well as the recent Covid-19 outbreak in China, with fears that …