Daily reviews

Friday, September the 17th, today’s news – strong U.S. data on retail trade and consumption ensures the dollar’s three-week high. In response to this, Asian and European markets stabilize and are about to rise. The demand for medical gloves provided by Malaysian Top Glove Corp plummets: it announced a 48% …

Thursday, September the 16th, today’s news – Asian trading session on share market ends lower. Traders are concerned about greater Chinese regulations in Macau, the world’s biggest spot for gambling. Chinese real estate corporation Evergrande stops the trade of its onshore corporate bonds provoking concerns about its default. European stock …

Wednesday, September the 15th, today’s news – oil prices climb up due to the larger cutdown in U.S. crude oil stocks. The reason is the recent hurricane Ida and the consequent temporary cessation of oil production. Meanwhile, the softer-than-expected release of U.S. inflation data release heightens traders’ interest for the …

Tuesday, September 14th, today's news — Monday’s two-week high for the US dollar is followed by the lower edge. Tuesday’s trading session on the European market opens lower, too. Traders are pending the upcoming Fed’s policy review and U.S. CPI and inflation data. In the meantime, Indonesia raises $1.84 billion selling …

AUDUSD

The currency pair is trading in the range of 365 and 135 moving averages. The descending wave patterns of the H4 and H2 levels at the moment are truncated. There is a bullish divergence on the Awesome Oscillator. 

AUDUSD rate online: monitor the price movement in real time. …

#MT
The overall trend is ascendant. The descending structures of the H4, H1, and M15 levels are truncated at the moment. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicator signals oversold conditions.

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

Gold price hovers around the 1797.00 level since yesterday, and starts today with a bullish bias in an attempt to breach the mentioned level, which provides indications that the price is heading to recover in the upcoming sessions, to target visiting 1825.15 areas mainly.

Therefore, the bullish bias will be …

Friday, September 10th, today's news — European stock features are trading higher tracking a positive trading session in Asia, even as investors weighed risks from tighter monetary policies after the European Central Bank signalled a slowdown of its pandemic-era bond purchases. The price of Brent oil is $72.28 per barrel, …

#HSBC
The descending wave pattern of is truncated.
A bullish divergence has formed on Awesome Oscillator, and 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.
Stop Loss under the …

GBPJPY
The overall trend is downward. The ascending wave patterns of the H8 and H1 levels are truncated. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overbought conditions.

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

Trading idea:
Sell when a descending wave …