Daily reviews

The recent trading of the dollar against the yen pair is confined to a bullish triangular flag pattern that appears on the chart, and therefore, the price needs to breach 114.35 to obtain a positive stimulus that pushes the trades to resume the bullish trend, which its next target is …

News for today, October 19th:

On Tuesday, the dollar fell to near the bottom of its recent range against major peers, pushed by weak U.S. factory data overnight and on market wagers of faster normalization of monetary policy in other countries. Increased investor confidence also put pressure on the dollar: …

The dollar against the yen pair crossed our first awaited target at 114.00 and fluctuated around the ascending channel’s resistance, and started attempts to gather positive momentum on the intraday time frames, waiting for a positive stimulus that contributes to pushing the price to continue rising, noting that our next …

Gold price is trading around the 1770.00 level, and it keeps its stability below it, to keep opportunities available to continue the bearish trend in the upcoming sessions, waiting to head towards 1734.00, which represents our next main station.

Therefore, we will continue to suggest the bearish trend on an …

News for today, October 18th:

Gold fell Monday morning in Asia, but made up for some losses after a sharp sell-off in the previous session as the U.S. 10-year Treasury yields declined after rising to 1.5904% on Monday. In the meantime, the dollar, which usually moves inversely to gold, rallied. …

The Australian dollar against the US dollar is settling above the support floor that it formed above 0.7405, awaiting the resumption of positive trades to head towards 0.7478, which represents our next target.

In general, we continue to suggest the bullish trend for the upcoming period as long as the …

Gold futures contracts fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound for the second session from its highest since mid-September, ignoring the rebound of the US dollar index for the fourth session from its highest since September 28, 2020, according to …

News for today, October 15th:

Asian stocks rose on Friday, echoing a successful day on Wall Street. US stocks also rallied overnight after published data showed a decrease in new claims for unemployment benefits and lower-than-expected factory gate inflation. Oil prices have come back to new multi-year highs, promising a …

News for today, October 14th:

On Thursday, the US dollar touched its lowest point this week against major peers: a moment of calm after multi-day gains on expectations of a faster Fed interest rate hike, which pushed the currency to an annual high. The Australian and New Zealand dollars hit …

GBPUSD

The overall trend is downward. The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.

GBPUSD rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave …