Daily reviews

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 …

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 …

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 …

EURUSD

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 …

EURNZD

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 …

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 …

Gold futures fluctuated in a narrow range slanting to an upside during the Asian session, overlooking the rebound of the US dollar index for the second session in a row from its lowest since the third of March, when it tested the lowest since February 26, according to the inverse …

EURUSD

The pair is corrected downwards, but at the same time remains in a short-term uptrend. Positive data publication on the economy of Germany and the euro zone, as well as the US, will support the euro currency and put pressure on the US dollar. The decline in demand for …

CADJPY

The overall trend is upward. Probably, a false breakout pattern has formed. Stochastic Oscillator signals oversold conditions.

On the H1 timeframe on Stochastic Oscillator, the moving averages are also in the oversold zone. A strong bullish candle broke through the level.

CADJPY rate online: monitor the price movement …

#DIS

The overall trend is upward. Bears are testing the price pivot zone of 181.50. The descending wave pattern is truncated, and a bullish divergence has formed on Awesome Oscillator.

Trading idea:

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