Daily reviews

#OXY

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The inclined channel of the descending pattern is broken. The 1-2-3 pattern is formed. Awesome Oscillator indicator shows a bullish divergence.

Trading Idea:

Buy above 27.80.

Stop Loss: 25.32.

Target levels: …

GBPUSD

The pair is slightly correcting downwards after Friday's rebound, caused by an increase in demand for risky assets, which put pressure on the US dollar. If the general market sentiment is neutral, expect the pair to continue its corrective decline.

Technical side:

The price is located above the middle …

Friday, March 26th, today’s news—oil is up 2% on the Suez Canal blockage that may last for weeks. Markets of Europe and Asia recover, but pandemic worries still weigh, American stocks rise following Dow's turnaround yesterday, dollar weakens. The price of Brent oil is $63.23, WTI—$59.92, EUR/USD is at 1.1793, GBP/USD—1.3784, …

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fifth session in seven sessions from its highest since the beginning of this March, ignoring the bounce of the US dollar index for the second session …

The Australian dollar versus the US dollar provided negative trading yesterday, but it returns to stability around 0.7615, maintaining its stability below it, which keeps the bearish trend scenario valid and effective for today, supported by the loss of the stochastic indicator of positive momentum, waiting to head towards 0.7500 …

#IPGP

The overall trend is upward. The descending pattern of the H4 level is truncated. The formation of a double bottom pattern and a bullish divergence on Awesome Oscillator are likely to appear in the graph.

Trading idea:

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

USDCAD

The overall trend is downward. The ascending pattern of the H4 level is truncated. The Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator moving averages have moved out of the overbought zone. The inclined channel of the ascending pattern is broken.

USDCAD rate online: monitor the price movement …

EURUSD

The pair found support at 1.1760. If the German IFO business climate index's data increases, and the values of the basic index of personal consumption expenditures in the US on the contrary don’t grow, the pair may continue to recover.

Technical side:

The price is located below the middle …

Thursday, March 25th, today’s news—European and Asian markets are mixed, pandemic and lockdown concerns continue to weigh. Tech stocks in Asian fall, new Germany data points to improved consumer morale and factory activity, American stocks rise. The price of Brent oil is $63.30, WTI—$59.92, EUR/USD is at 1.1805, GBP/USD—1.3688, gold is …

EURGBP

The overall trend is downward. The ascending wave pattern is truncated. A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are directed downwards from the overbought zone. 

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

Trading idea:

Sell when a descending …