Daily reviews

Wednesday, March 24th, today’s news—markets continue to fall amid the doubts over economic recovery and lockdown concerns. European and Asian stocks are trading at two-week lows, investors await PMI release in Europe, oil bounced back, dollar strengthens as a safe haven currency. The price of Brent oil is $62.55, WTI—$59.40, EUR/USD …

EURUSD

The descending pattern of the H8 level is truncated. A multi-light "double bottom" pattern is formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

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

Trading idea:

Buy when an ascending wave pattern is formed, …

#SLB

The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel and the 365-moving average. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is …

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its lowest since the fifth of February against the US dollar after the economic developments and data that they followed on the Australian economy and on the cusp of economic developments and …

Gazprom started correcting the ascending movement, thus returning to the sideways movement in which it had a move after it reached the resistance 234.75 and managed to slightly breach it.

The price is moving below the 7-20-50 moving averages that form resistance levels and pressurize it to decline. …

Tuesday, March 23rd, today’s news—European markets retreat on the coronavirus concerns as a new wave of the pandemic is underway. Markets of the US and Asia also fall after a rally of American tech stocks, dollar strengthens ahead of speeches by the Fed's chair Jerome Powell and Treasury secretary Janet …

GBPJPY

The overall trend is upward. The descending pattern of the H2 level is truncated. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator have come out of the oversold …

#XOM

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The support level is being formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending pattern 1-2-3 is formed, where wave 1 …

GBPUSD

The situation in the currency markets is uncertain. Investors are waiting for the speech of the head of the Fed Jerome Powell, and the Fed’s members Bostic, Barkin, Brainard and Williams. Investors are also waiting for comments from the head of the Bank of England Bailey and the governor …

The dollar against the yen is hovering around the EMA50, and we note that the stochastic indicator is losing its positive momentum, approaching the overbought areas, which supports the chances of continuing the expected bearish trend in the intraday term, waiting for the visit of 107.70 as a first main …