Daily reviews

EURUSD

The pair is trading above the 1.1950 level. If the US employment data turns out to be worse than expected, and the growth in government bond yields continues, this will put pressure on the pair.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 …

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness the lowest since the eighth of June 2020, overlooking the rebound of the US dollar index from its highest since the beginning of December 2020 according to the inverse relationship …

The Australian dollar 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 February 2, 2018, explaining its lowest since February 8, 2021, and to prepare for its second consecutive weekly losses …

Aeroflot continues to move sideways below the support level 71.10 that it breached during the past week, confirming the break of this level, thus starting a bearish path.

Whereas, the price is moving below the averages level 20-50 after it managed to breach it this week, which is moving …

Thursday, March 4th, today’s news—global markets edge lower as bond yields fluctuate, and new earnings reports are released. Dollar is stronger, oil rises as OPEC+ countries are expected to stick with output cuts, Germany's Lufthansa posted record losses. The price of Brent oil is $63.49, WTI—$60.71, EUR/USD is at 1.2029, GBP/USD—1.3928, …

#CL

The overall trend is upward. A Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates 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 local minimum.

Target …

NZDCAD

The overall trend is upward. The descending pattern of the H4 level is truncated. The inclined channel of the descending pattern is broken. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

 NZDCAD rate analysis: monitor the price movement in real time.

Trading idea:

Buy when …

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the third session in five sessions from its lowest since the eighth of February against the US dollar, following the developments and economic data that they followed on the …

EURUSD

The pair is trading above 1.2040 amid employment data in the euro area publication, which may have a negative impact on it if it turns out to be worse than expected.

Technical side:

The price is located on the middle Bollinger band, at the level of SMA 5 and …

Cisco's share continues its sideways movement, which it was moving within near the level of 45.20, as trading stabilized near this level during the past two weeks.

The price is trading below the moving averages 20-7-50 that form resistance to the price near the main resistance 45.90 and pressures …