02.03.2021
The Australian dollar against the US dollar is still stuck between the pivotal levels represented by support 0.7725 and resistance 0.7765, which makes us remain neutral until the price confirms the breach of one of these levels to determine its second direction more precisely.
We point out that the breach …
02.03.2021
Amazon shares continue to move sideways despite the decline that occurred at the end of last week, as the stock traded below the ascending channel in which it was trading, which is shown in the chart. The price is currently trying to breach the support level at the lower end …
01.03.2021
Analysis based on modified Elliot Waves, Fibonacci retracement, and price channels
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals an oversold condition. The inclined channel of the descending pattern is breached. The breakout of 0.7287 will result …
01.03.2021
Monday, March 1st, today’s news—Treasury yields are down, global markets rise. Pan-European Stoxx 600 is up 1.7%, Dow rises 300 points, oil is up amid the US stimulus package progress, dollar is down, riskier currencies in demand. The price of Brent oil is $65.40, WTI—$62.42, EUR/USD is at 1.2031, GBP/USD—1.3935, gold is …
01.03.2021
Gold futures contracts rose by nearly 1 percent during the Asian session, to witness their rebound for the second session from the lowest since June 15, 2020 amid the US dollar index rebounding to the second session since February 18, according to the inverse relationship between them following developments and …
01.03.2021
The Australian dollar rose during the Asian session to witness its rebound to the second session from its lowest since the eighth of last February against its US counterpart, following the developments and economic data that they followed on the Australian economy and on the cusp of economic developments and …
01.03.2021
The pair remains sideways amid an established balance between the strengths and weaknesses of the US dollar and the euro, which will result in the prolonged period of consolidation.
Technical side:
The price is located below the lower Bollinger band, above SMA 5, but below SMA 14. RSI is …
01.03.2021
#HUM
The overall trend is upward. A bullish divergence has formed on Awesome Oscillator, and the moving averages Stochastic Oscillator have left the oversold zone and are directed upwards. The breakout of 390.0 will result in the formation of an ascending wave pattern.
Trade idea:
Buy above 390.0.
Stop Loss: …
26.02.2021
Friday, February 26th, today’s news—global sell-off on the markets prompted by a sharp spike in Treasury yields. Japan's Nikkei 225 is down by nearly 4%, American and Asian stocks suffer worst fall in several months, oil is down 1%, dollar is stronger. The price of Brent oil is $65.47, WTI—$62.94, EUR/USD …
26.02.2021
The Australian dollar against the US dollar was subjected to strong negative pressure to break 0.7915 and incur losses that reached 0.7820, and we expect an extension of the descending wave to test the support of the main ascending channel at 0.7755 before attempting to return to the upside again. …
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