Daily reviews

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 …

The price of gold was satisfied with touching 1770.00, to rebound to the upside and breach the resistance of the descending intraday channel, thus stopping the temporary negative scenario and leading the price to resume the main bullish trend again, paving the way for heading towards 1800.00 then 1838.00 as …

The Australian dollar against the US dollar is showing positive trading, reaching the outskirts of the first awaited target at 0.7765, and we believe that opportunities are available to surpass this level and achieve extended positive targets that reach 0.7835 then 0.7900.

From here, we will continue suggesting …

#ADS

The overall trend is upward. The expected correction movement is in the range of the price pivot zone of 250.00. 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 …

Wednesday, May 5th, today’s news—European markets rebound on positive corporate earnings, investors monitor important economic data releases. Ethereum hits a record high, outpaces bitcoin in growth, US Treasury Secretary Janet Yellen hints at higher interest rates, dollar is up. The price of Brent oil is $69.72, WTI—$66.44, EUR/USD is at 1.1990, …