Daily reviews

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 …

The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its rebound for the second session in three sessions, from its lowest since May 13 against the US dollar, following the developments and economic data that were followed on Wednesday by the Australian economy …

Gazprom share continues its upward path after it managed to breach the resistance 245.50 and stabilize above it. Therefore, we are facing the continuation of the bullish movement to the upside, and the next target will be the level of 273.40.

The price is moving above the 7-20-50 moving …

#RIO

The overall trend is upward. The stock is trading in a corrective (downward) price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy the pair when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper limit of the …

EURCAD

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending pattern of the H1 level is the wave (B) of the descending pattern of the …