Daily reviews

Thursday, March 11th, today’s news—global markets rise as the $1.9 trillion stimulus package passes final approval in the US. Treasury yields fall, European markets await the ECB meeting, Dow futures are up more than 100 points, Joe Biden to announce the next phase of economic relief today, dollar is weaker, …

Futures contracts for gold prices fluctuated in a narrow range that is tilted to rise during the Asian session, to witness its rebound to the fourth session from its lowest since the fifth of June 2020, when it tested the lowest since April 21, 2020, amid the bounce of the …

EURUSD

The pair is trading above 1.1930 amid a decrease in support for the dollar from US treasuries, the yield of which was under pressure due to the US consumer inflation data publication, which turned out to be more moderate than expected.

Technical side:

The price is located above the …

#CL

The overall trend is upward. The descending pattern is truncated.  Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

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

Stop loss under the …

EURNZD

On the W1 timeframe, the currency pair is in the range of the lower border of the ascending price channel. On TF H1, the round intermediate level of 1.6550 is holding back sellers. The descending pattern of the H2 level is truncated. A bullish divergence is formed  Awesome Oscillator, …

Wednesday, March 10th, today’s news—global stocks are mostly lower. European markets are cautious ahead of ECB meeting, miners and travel stocks fall, Asian markets are mixed as positive factory data is released in China, oil is down, gold also falls on the stronger dollar supported by the stabilized bond yields. The price …

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, amid the rebound of the US dollar index to the eighth session in ten sessions from its lowest since the eighth of January, according to the inverse relationship between them following developments …

Gazprom share started the upward movement, including the sideways movement that it was moving within after it reached the resistance 234.75 and managed to slightly breach it.

The price is moving above the 7-20-50 moving averages, which are support levels for the price.

We notice that the stochastic indicator …

NZDCAD

The currency pair is trading in the range of the lower border of the ascending price channel on the D1 TF.

The round important level of 0.9000 serves as a support level.  Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The breakout of 0.9077 will …

EURUSD

The pair is trading above 1.1865. If the US consumer inflation data, which will be published today, shows its growth, expect a local pressure on the pair with a subsequent decline.
Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI …