Daily reviews

GBP/AUD

The overall trend is downward (time frame H4). The ascending wave pattern of the H1 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while Stochastic Oscillator signals overbought conditions. The inclined channel of the truncated ascending pattern is broken.

GBP/AUD rate online: monitor the price …

News for today, November 22:

The stock market started the week unsteady, while oil and euro were under pressure on Monday. This was prompted by the return of COVID-19 restrictions in Europe and talk of a hasty cut in stimulus from the U.S. Federal Reserve.

Oil prices climbed from seven-week …

The British pound against the dollar stays stable above the 1.3470 level, which keeps the bullish corrective trend scenario active for the upcoming period. The price is waiting to visit the 1.3540 level initially.

However, breaking 1.3470 will stop the expected rise and pressure the price to resume the main …

The recent gold price trades are confined within a bullish triangular flag pattern whose features appear in the above chart, and therefore, the price needs to breach the 1868.50 level to activate the positive effect of this pattern and then rush towards our positive targets that start at 1900.00 and …

#MT

The overall trend is upward. The descending wave pattern is truncated. The support level of 26.47 holds back the sellers. A bullish divergence has formed on the Awesome Oscillator. The inclined channel of the truncated descending pattern is breached.

Trading idea:

Buy at the break of 27.63.

Stop Loss: …

USD/MXN

The resistance level of 20.890 held back the buyers. The currency pair trades within an upward price channel formed on the TF H1. A bearish divergence has formed on the Awesome Oscillator. An entry point for sale is formed on the rollback B.

USDMXN rate online: monitor the price …

News for today, November 19:

European stock markets are expected to open higher on Friday as positive data from Asia and the U.S. smooth fears of a new winter Covid-19 wave. German and eurozone markets reacted to the shocking October producer price inflation, which rose another 3.8% MoM, bringing the …

News for today, November 18:

Oil prices dropped on Thursday, adding to the sharp decrease the day before, as China said it was going to release its oil reserves. This came after Reuters reported that the United States was asking large oil consumers to consider a coordinated release of their …

#SO

The overall trend is upward. The descending wave patterns are truncated. The support level of 61,50 holds back the sellers.  A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. The inclined channel of the truncated descending internal pattern is breached.

Trading idea: …

EUR/NZD

The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

EUR/NZD rate online: monitor the price movement in real time.

Trading idea:

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