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Analysis based on modified Elliott waves, Fibonacci retracement, and price channels

The overall trend is upward. H2 level descending wave pattern is truncated. The internal H1 level pattern is also truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

Trading idea:

Buy when an ascending wave …

Analysis of currency pairs based on modified Elliott waves, Fibonacci retracement, and price channels

EURRUB

The overall trend is upward. H8 and H2 level descending patterns are truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

EURRUB rate online: monitor the price movement in …

Friday, May 7th, today’s news—European and Asian markets continue to rise ahead of the US jobs data, American markets are flat. Oil rises on better-than-expected economic indicators in the US and China, dollar is under pressure. The price of Brent oil is $68.11, WTI—$64.68, EUR/USD is at 1.2080, GBP/USD—1.3924, gold is …

Futures contracts for gold prices fluctuated in a narrow range tilted to rise during the Asian session, to witness the highest since February 16, amid the rebound of the US dollar index for the third session in a row from its high since April 19, showing its lowest since late …

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound from the top since April 29 against the US dollar following developments and economic data that they followed on the Australian economy, which included the Australian Central Bank disclosure of …

Thursday, May 6th, today’s news—global markets continue to rise on strong earnings reports. Job data in the US and the Bank of England meeting are in focus, Germany's factory orders are up, dollar consolidates near a two-week high. The price of Brent oil is $69.36, WTI—$65.95, EUR/USD is at 1.2028, GBP/USD—1.3905, …

#MA

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

Trading idea:

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

USDSEK

The overall trend is downward. The ascending wave pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition. The inclined channel of the ascending wave pattern is breached.

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

Trading idea:

Sell …

EURUSD

The pair is trading above 1.2000 as the demand for stocks recovers. The expected moderate growth in the number of new jobs has a positive impact on the risk appetite of investors and weighs on the dollar.

Technical side:

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

The dollar's recent trading against the yen is confined to a bullish triangular flag pattern whose features appear on the chart. Therefore, the price needs to breach 109.40 to activate the positive effect of the aforementioned pattern and then rush towards our first awaited target at 110.00.

From here, the …