23.04.2021
The single currency, the euro, fluctuated in a narrow and bullish range during the Asian session, to prepare its third consecutive weekly gains against the US dollar on the cusp of developments and economic data expected on Friday by the economies of the euro area and the US economy, …
23.04.2021
The overall trend is downward. The ascending wave pattern of the M30 level is truncated. The inclined channel of the ascending pattern is broken. 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 …
23.04.2021
The pair is trading in the range of 0.7700-0.7800. It may gain support and rise to its upper limit if the US manufacturing data released today is higher than forecast, which will strengthen demand for risky assets and high-yielding currencies, which include the Australian dollar.
Technical side:
The price …
22.04.2021
The Australian dollar fluctuated in a narrow range sloping to an upside during the Asian session, to witness its rebound to the eleventh session in sixteen sessions from its lowest since December 23, 2020 against the US dollar, following developments and economic data that they followed on the Australian …
22.04.2021
Cisco share started correcting the bullish path after reaching the resistance 52.50, after it managed to confirm the break of the previous resistance level of 49.00 and rise above the top, thus confirming the bullish path after the decline that formed last week.
The price is trading …
22.04.2021
Thursday, April 22nd, today’s news—European markets continue to rise, ECB meeting in focus. Asian markets also up, American stocks retreat, oil is down on pandemic concerns, dollar falls. The price of Brent oil is $64.87, WTI—$60.94, EUR/USD is at 1.2039, GBP/USD—1.3911, gold is $1,791.65 per ounce. Read the daily selection of analytical reviews …
22.04.2021
The overall trend is upward. The descending wave truncated pattern (wave (C) didn’t breach 123.6% of wave A). A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaches the inclined …
22.04.2021
The pair, after a slight correction to the level of 1.1995, turns up before the ECD’s final decision on monetary policy. Expect that the European regulator will not make any changes to its monetary rate. Amid the recovery in demand for risky assets and the "chronic" weakness of the …
22.04.2021
On the W1 timeframe, the currency pair is trading in the range of the lower border of the ascending price channel. Stochastic Oscillator signals oversold conditions.
On the H1 timeframe, a descending wave pattern has formed, which is currently truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator …
21.04.2021
Wednesday, April 21st, today’s news—European markets are up on positive earnings despite the lockdown worries, UK inflation grew in March. Asia-Pacific markets retreat, Japan's Nikkei 225 is down 2%, American markets are flat, dollar struggles to recover from a seven-month low as Treasury yields fall. The price of Brent oil is …
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