Daily reviews

The Australian dollar fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound for the second session in three sessions from its highest since July 16, while it is still on the verge of its first weekly gains in six weeks against the …

#MTSS
The overall trend is upward. The descending wave pattern is truncated and ended with the breakout of an inclined channel. There is a bullish divergence on Awesome Oscillator. A breakout of 317.50 will result in the formation of an ascending wave pattern.

Trading idea:
Buy on a breakout of …

EURGBP
The bears are testing the support level formed in April 2021. The descending wave pattern of the H8 level is truncated. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold condition.

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

Trading idea:
Buy when an ascending …

Thursday, August 5th, today’s news — according to the results of August’s meeting, the Bank of England probably will not change the main parameters of monetary policy, despite calls from some members of the leadership to tighten it, experts predict. The price of Brent oil is $70.29 per barrel, WTI …

AUDCAD
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A Bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.9244 will result in the formation of a descending wave pattern within the overall downtrend.

AUDCAD …

#VOW3
The overall trend is upward. The descending wave pattern is truncated. The 198.50 support level is holding back sellers. The stock is trading in the range of 365 and 135 moving averages (EMA). There is a bullish divergence on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea: …

Wednesday, August 4th, today’s news — on COMEX, a division of the New York Mercantile Exchange, gold futures for December delivery are trading at $ 1.816, 35 per troy ounce, having risen by 0.12% at the time of writing this comment. The price of Brent oil is $72.68 per barrel, …

#CBK

The likely correction increases, which makes the potential buying even cheaper.  The overall trend is upward. A bullish divergence has formed on Awesome Oscillator, and the moving indicators of Stochastic Oscillator have left the oversold zone.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave …

GBPUSD
The overall trend is downward (TF H4). The Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overbought. Breaking through the support level of 1.3869 will result in the formation of a descending wave pattern within the overall downtrend.

GBPUSD rate online: monitor the price movement in real …

The US dollar fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound to the fourteenth session in twenty-three sessions from its highest since March 25, 2020 against Japan, following the developments and economic data that we followed about the Japanese economy and …