Daily reviews

EURUSD

 The overall trend is upward. The price pivot zone of 1.2170 deters sellers. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The currency pair is trading in the range of 365 and 135 moving averages.

EURUSD rate online: …

EURUSD

The pair began to consolidate waiting for important data on employment in the US, which will be published next Friday.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and moves horizontally. Stoch are entering …

Thursday, May 27th, today’s news—Oil prices fell on Thursday as concerns over demand in India and a possible increase in supplies from Iran outweighed optimism over the summer auto season in the US and Europe. The price of Brent oil is $68.39 per barrel, WTI—$65.91. EUR/USD is at 1.2207, GBP/USD—1.2207, …

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second session in a row from its high since May 19 against the US dollar, following the developments and economic data that they followed on the Australian economy …

Futures contracts for gold prices fluctuated in a narrow range that is tilted to rise during the Asian session, to witness stability near the top of it in more than four months, amid the rebound of the US dollar index from its high since May 20, according to the inverse …

#AAP

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The price pivot zone of 187.0 deters sellers.  Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when ascending pattern 1-2-3, where wave 1 breaks through …

EURUSD

The pair remains in a short-term uptrend. It found support at 1.2170, which is technically "strong". If it stays above it, and the market sentiment is positive, expect a local reversal of the pair's growth resumption.

Technical side:

The price is located below the middle Bollinger band, above SMA …

CADCHF

The overall trend is upward. The bears are testing the 0.7392 support level. Stochastic Oscillator signals oversold conditions. Probably, the downward movement is a wave (B) of the ascending pattern of the D1 level.

Trading idea:

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

Wednesday, May 26th, today’s news—Blockchain startup Arabian Chain Technology has announced the release of its own digital currency, DubaiCoin. It will become a full-fledged payment and investment vehicle. The price of Brent oil is $68.89 per barrel, WTI—$66.08. EUR/USD is at 1.2235, GBP/USD—1.4152, gold is $1.906.85 per ounce. Read the …

Futures contracts for gold prices fluctuated in a narrow range that is tilted to rise during the Asian session, to witness its highest since the eighth of January, with the US dollar index declining and stabilizing near its lowest in more than four months, according to the inverse relationship between …