Daily reviews

EURUSD

The pair remains in a short-term uptrend. It found support at 1.2175. If ECB's head Christine Lagarde makes it clear in her speech today to not expect changes in the monetary rate of the regulator, this may support the pair in the short term.

Technical side:
The price is located …

Wednesday, May 19th, today’s news—The US Department of State wants to impose sanctions on four vessels working on the construction of the Nord Stream 2 gas pipeline of the Russian Gazprom (MCX: GAZP), as well as four related companies. Writes about this Politico citing sources. The price of Brent oil …

The dollar against the yen pair closed the last daily candle below 109.22, to fall under expected negative pressure during the upcoming sessions, aiming to test the support of the bullish intraday channel at 108.65 initially, noting that breaking this level will extend the downside wave to reach …

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the third session in four sessions from its lowest since the fourth of May against the US dollar, following developments and economic data that they followed on the Australian …

#BA

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated and the inner (red) descending pattern is truncated. The Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when …

GBPCAD

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.

GBPCAD rate online: monitor the price movement in …

EURUSD

The pair remains in a short-term uptrend. It continues to grow in the wake of the US dollar fundamental weakness due to various stimulus measures and the FED’s ultra-soft monetary policy. This growth will continue in the short term.

Technical side:

The price is located at the level of …

Tuesday, May 18th, today’s news— The Fed maintains its easy monetary policy amid weak US employment data. Deputy Chairman of the US Federal Reserve System (FRS) Richard Clarida believes that the COVID-19 pandemic has become an unprecedented shock for the American economy, and the recovery of economic activity after the …

The dollar against the yen pair closed the last daily candle below 109.22, to fall under expected negative pressure during the upcoming sessions, aiming to test the support of the bullish intraday channel at 108.65 initially, noting that breaking this level will extend the downside wave to reach 107.68 as …

Gold price shows more bullish tendency to try to breach the ascending channel resistance now, which supports expectations for the continuation of the main bullish trend, waiting for the trend towards 1900.00, which represents our next target, noting that SMA 50 continues to support the suggested bullish wave.

Consequently, …