Daily reviews

#D

The trend is upward. The downward pattern ended with the breakout of the inclined channel. The Stochastic Oscillator signals oversold conditions. The breakout of 77.25 will result in the formation of an ascending pattern within the C wave.

Trading idea:

Buy on the breakout of 77.25 level.

Stop Loss: …

NZDJPY

The overall trend is upward. The bears tested the lower limit of the ascending price channel. The descending five-wave design ended with the breakout of the pivot. Stochastic Oscillator signals oversold conditions. The breakout of 79.05 will result in the formation of an ascending wave structure within the overall …

#KMB

The overall trend is upward. The support level of 128.64 is holding back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop loss under the local minimum …

The US dollar fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound from the top since the sixth of last April, while it is still on track for its second consecutive weekly gain against the Japanese yen.

This comes after developments …

Gold futures fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound for the third session in four sessions from its highest since the seventh of January, to prepare for the first weekly losses in five weeks, amid the rebound of the US …

Friday, June 4th, today’s news—The U.S. stock market ended lower on Thursday, as the consumer services, technology and consumer goods sectors led the market lower. The price of Brent oil today is $71.56 per barrel, WTI—$69.08. EUR/USD is at 1.21139, GBP/USD—1.41085, the price of an ounce of gold is $1,872. …

EURCAD

The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The descending wave pattern is probably the wave (B) of the ascending pattern.

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

Trading idea:

Buy when an ascending wave …

EURUSD

The pair remains under pressure amid the publication of strong data on the number of new jobs in the US from ADP. If the official values from the Ministry of Labor are already higher than the forecast, this will strengthen the local decline of the pair.

Technical side:

The …

Thursday, June 3rd, the news of the day—Brent jumped to its peak since 2019 due to an increase in fuel demand. Oil prices on Thursday rose for the third consecutive session, updating highs, following a strong increase in fuel demand in the second half of the year, especially in the …

#BIIB

The support level of 264.0 restrained sellers. The descending wave pattern is truncated. The Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern is broken.

Trading idea:

Trading idea:

Buy on the breakout of 271.64.

Stop Loss: 264.00.

Target …