Daily reviews

Monday, April 12th, today’s news—global markets retreat ahead of the earnings season and a flurry of important economic data releases. Oil is down amid the pandemic-related demand concerns, Jerome Powell said the Fed is highly unlikely to raise rates this year, but expressed optimism over the economic growth, Treasury yields fall, …

EURUSD

The pair is consolidating above 1.1880 amid positive sentiment in the markets, which support the demand for risky assets and at the same time put pressure on the dollar as the funding currency.

Technical side:

The price is located above the middle Bollinger band, at the level of SMA …

AUDNZD

The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The descending pattern of the H4 level is truncated. A bullish divergence has formed on Awesome Oscillator.

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

#BABA

The descending wave pattern is truncated. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 holds back sellers.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated …

Friday, April 9th, today’s news—European markets are mixed after retreating from record highs, Germany reports a rise in exports, but a drop in industrial output. Oil is trading steady, Treasury yields rise ahead of PPI, dollar rebounded form lows. The price of Brent oil is $63.25, WTI—$59.74, EUR/USD is at 1.1888, …

#CBK

The overall trend is upward. The support level of 5.020 is holding back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals oversold conditions.

Trading idea:

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

GBPUSD

The Fibonacci level of 88.2 from the assumed wave (A) is not broken, which gives the opportunity to assume that the descending pattern is a wave (B). Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.

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

Trading …

EURUSD

The continued demand for risky assets puts pressure on the dollar, as it is the funding currency, which makes it profitable to borrow in dollars and then use it to buy other currencies, which, such as the euro, are supported by the wave of demand for the company shares …

Thursday, April 8th, today’s news—the Fed's meeting minutes confirm the regulator's dovish policy. Treasury yields fall ahead of jobless claims data, dollar is trading near a two-week low, global stock markets rise, S&P 500 hits another record close, Germany's industrial orders rise. The price of Brent oil is $62.77, WTI—$59.27, EUR/USD …

The Australian dollar against the US dollar managed to break the 0.7615 level and close the daily candle below it, which supports the continuation of our bearish expectations effectively during the coming period, paving the way for heading towards 0.7500, which represents our next negative target.

Therefore, we will continue …