Daily reviews

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 …

The price of gold rose strongly after building a base on the level of 1765.00, to surpass the minor resistance level that appears in the image and confirms the revival of the positive scenario again, on its way to visit the levels of 1800.00 then 1838.00 as next main targets. …

The Australian dollar against the US dollar pushed strongly upwards, surpassing 0.7765 and approaching our first awaited target at 0.7835, reinforcing expectations for the continuation of the main bullish trend, whose next target is at 0.7900.

Thus, we await more incline during the coming sessions supported by the 50 MA, …

NZDCAD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated H2 level pattern and an internal truncated H1 level pattern have formed. Awesome Oscillator shows a bullish divergence. The breakout of 0.8953 will result in the formation …

EURUSD

The pair is correcting down after yesterday's growth amid the outcome of the Fed’s meeting and the speech of its head Jerome Powell. But despite the decline of the pair, market participants will use it to resume its purchases.

Technical side:

The price is located above the middle Bollinger band, …