Daily reviews

EURJPY

The ascending pattern of the H2 level is truncated. Probably, the ascending pattern is a wave (B) of the descending pattern of the H8 level. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.

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

Trading idea: …

EURUSD

The pair is balancing above 1.1760, remaining under pressure amid stronger US dollar positions caused by the renewed growth in Treasury yields due to sales caused by fears of increased inflationary pressure in the U.S, which is stimulated by a vigorous recovery in the country's economy.

Technical side:

The …

#GE

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Breaking through the resistance level of 13.10 will result in the formation of an ascending wave pattern within the wave (C) of the ascending pattern of the H1 level.

Trading idea: …

Amazon continues to move sideways around the support level at 3105.00, after it managed to rise from the support level at 2880.00. Thus, ending the lower movement by breaching the mentioned levels

We notice on the chart that the price is moving between the 20- 50 moving averages, so …

Monday, March 29th, today’s news—the container ship blocking the Suez Canal has been partially floated, oil is falling on hopes that the situation might be resolved soon. European markets are rising on economic recovery optimism, American stocks fall after S&P 500's record close on Friday, Treasury yields rise, dollar is trading …

GBPCAD

The overall trend is downward. The upward pattern of the H1 level is truncated, and the price is in the range of 365 and 135 moving averages. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overbought conditions.

GBPCAD rate online: monitor the price movement in …

#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 …