Daily reviews

EURUSD

The pair found support at 1.2125 and may continue its upward trend, despite a drop in investor interest in buying company shares amid negative signals on the US economy, which indicate that there are objective risks of its weaker recovery than previously expected.

Technical side:

The price is located …

Gold price approached the level of 1847.00, but bounced back down to settle below 1838.00, noting that the stochastic indicator is getting rid of its negative momentum significantly, waiting for the price to stimulate the resumption of the main bullish trend, which extends its next target to 1865.00.

The …

The Australian dollar fluctuated in a narrow range sloping to an upside during the Asian session, to witness its rebound to the fourth session in six sessions from the lowest since April 14 against the US dollar before the Australian Treasury unveiled the annual budget and on the cusp of …

The Amazon stock closed lower below the support level 3260.00, continuing with the downward movement, as the price reached the next support level at the lower end of the ascending price channel within which the price is moving and is shown by the graph.

We note on the …

NZDCAD

The support level of 0.8775 is holding back sellers. Awesome Oscillator shows a bullish divergence. The descending wave pattern is truncated.

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

Trading idea:

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

EURUSD

The pair in an uptrend ahead of today’s jobs data release in the US. The American economy is expected to have created 978,000 jobs compared to 916,000 in the previous month. If non-farm payrolls aren’t below the predictions or even beat them, the dollar will rise. In the opposite …

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 …