Daily reviews

The Australian dollar against the US dollar maintains its stability above the pivotal support floor of 0.7810, to keep the bullish trend valid and effective for the upcoming period, stimulated by the positivity of the stochastic indicator, awaiting a visit to the 0.7900 level initially.

Breaching the target level …

Thursday, May 13th, today’s news— Tesla stops accepting bitcoins as payment for its cars. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel" Elon Musk tweeted. The price of Brent oil is $68.27 per …

AUDJPY

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

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

Trading idea:

Buy …

EURUSD

The pair found support at the target level of 1.2065, but it remains in a short-term uptrend. Amid improving market sentiment, the pair may grow locally today.

Technical side:

The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the …

#ABT

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and the moving averages of the Stochastic Oscillator enter the oversold zone.

Trading idea:

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

Wednesday, May 12th, today’s news—the US Department of Energy maintains forecasts for liquid hydrocarbons demand in 2021 and 2022. According to EIA estimates, 96.2 million b/d of oil and liquid hydrocarbons was consumed in April worldwide, which is 15.8 million more than in April 2020. "We project global oil and …

#INTC
The overall trend is upward. The descending wave pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence has formed, 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 …

EURUSD

The pair is consolidating at 1.2025 as the publication of US consumer inflation data will be released today. If it shows its growth, the pair may decline locally. At the same time, it will receive support by its promotion.

Technical side:

The price is located below the middle Bollinger …

NZDCAD

The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

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

Trading idea:

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

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the third session from its high since February 11, amid the bounce of the US dollar index for the second session from its lowest since the 25th …