Daily reviews

#ECL

The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence. The support level of 210.80 once again held back sellers.

Trading idea:

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

GBPUSD

The support level of 1.4070 is holding back sellers. The descending pattern of the H8 level is currently truncated. The currency pair is trading in the range of the lower limit of the flat. A bullish divergence has formed on the Awesome Oscillator. Pivot 2 of the wave (C) …

NZDCAD
 The support level of 0.8631 is holding back sellers. The descending pattern of the D1 level is currently truncated. The internal pattern of the H4 level is also truncated. A bullish divergence has formed on Awesome Oscillator.
NZDCAD online: monitor the price movement in real time.

Trading idea:
Buy …

EURUSD
The pair dropped significantly at the end of the week amid a strong increase in inflation in the US, which may become the basis for the Fed to begin the process of reducing purchases of government bonds in the fall of this year. This will support the dollar, but …

#ECL

The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence. The inclined channel of the descending truncated pattern is broken.

]

Trading idea:

Buy at the breakout of 214.85.

Stop Loss: 210.80.

Target levels: 217.30; 229.40.

Gold futures contracts fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound for the fifth session in six sessions from the lowest since May 19, amid the rebound of the US dollar index for the fourth session in six sessions from its …

Friday, June 7th, today’s news—the Basel Committee on Banking Supervision proposes to tighten capital requirements for banks that own bitcoins and other cryptocurrencies. "Some crypto assets have shown their high volatility and may pose risks for financial institutions as their concentration in the banking sector grows." The price of Brent …

#CAT

The overall trend is upward. The bears are testing the price pivot zone of 225.60 and the lower border of the ascending price channel. 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 …

EURSGD

The overall trend is upward. The descending wave pattern of the H8 level is truncated. Awesome Oscillator shows a bullish divergence. The inclined channel of the descending pattern is broken.

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

Trading idea:

Buy on the breakout of 1.6154. …

AUDUSD

It seems that the US inflation growth is not yet scaring investors, who believe that everything is going according to the Fed’s plan. This has led to a new wave of optimism in the markets, which will support demand for risky assets and put pressure on the US dollar. …