Daily reviews

Tuesday, May 4th, today’s news—European markets are mixed as India COVID-19 surge raises concerns, while economic recovery prospects support optimism, mining and travel stocks lead. Oil prices rise, dollar is up amid a surprise slowdown in manufacturing growth, gold is down. The price of Brent oil is $68.25, WTI—$65.15, EUR/USD is at …

GOLD Spot

The price of gold remains in the range of 1762.00–1797.00. Generally, positive market sentiment and the absence of a strong increase in Treasury yields will support local demand for gold.

Technical side:

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

#CME

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. A start fractal has formed above the 135 EMA. A breakout of the start fractal will result in the formation of an ascending pattern of 1-2-3. Awesome Oscillator shows a bullish …

AUDNZD

The overall trend is downward. The ascending wave H1 level pattern is truncated, A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an overbought condition.

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

Trading idea:

Sell when a descending wave pattern is formed, …

Friday, April 30th, today’s news—France's economy grew 0.4% in Q1, beating expectations. Companies post strong earnings, Amazon's year-on-year sales rose to $108 billion, however, the global markets retreat, China's factory activity slowed down, dollar weakens. The price of Brent oil is $67.61, WTI—$64.44, EUR/USD is at 1.2099, GBP/USD—1.3916, gold is $1,771.00 per …

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the sixth session in eight sessions from its highest since February 25, amid the US dollar index rebounding for the second consecutive session from its lowest since …

The Australian dollar fluctuated in a narrow range sloping towards an upward trend during the Asian session to prepare for its fourth consecutive weekly gains and monthly gains against the US dollar after the economic developments and data they followed on the Australian economy and on the cusp of economic …

CADCHF

A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are in the overbought range. Probably, the upward movement is a wave (B) of the descending wave side of the D1 level. The inclined channel of the ascending wave pattern is broken.

CADCHF rate …

EURUSD

The pair is consolidating above 1.2100. If it stays above this level, then there is a possibility of resuming its growth, if not today, then next week.

Technical side:

The price is located below the middle Bollinger side, below SMA 5 and SMA 14. RSI is below the 50% …

Thursday, April 29th, today’s news—the Fed maintains dovish monetary policy, keeps the interest rate unchanged. Global markets rise, Apple and Facebook earnings beat estimates, oil prices rise, dollar is down. The price of Brent oil is $67.29, WTI—$64.33, EUR/USD is at 1.2115, GBP/USD—1.3938, gold is $1,777.10 per ounce. Read the daily selection of …