Daily reviews

Wednesday, March 3rd, today’s news—European, American, and Asian markets rise on economic recovery hopes, bond yields are down. Dollar is weaker, oil rises, markets await the budget statement in the UK. The price of Brent oil is $63.74, WTI—$60.67, EUR/USD is at 1.2099, GBP/USD—1.3982, gold is $1,725.80 per ounce. Read …

The Australian dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its retracement of the fourth session from the lowest since the eighth of February against its US counterpart, following the developments and economic data that they followed on the Australian economy and …

Gazprom share continues with the sideways movement that tends to rise despite the bearish correction that occurred in the price after it reached the target of 232.00, after it managed to break the resistance level at 220.25 previously.

The price is moving between the moving averages, where the 7-20 averages …

GOLD Spot

Gold is trading above 1729.00 amid a weaker US dollar, pending the US employment data publication from ADP, as well as the values of other important economic statistics that will be released today.

Technical side:

The price is located below the middle Bollinger indicator, at the level of …

CHFJPY

The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The candle figure Long-legged Doji has closed yesterday’s trading day. The descending pattern of the H8 level is truncated.

CHFJPY rate online: monitor the price movement in …

#VRTX

The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Breaking through the price pivot zone of 220.38 will result in the formation of an ascending wave pattern, where wave (A) broke through pivot 2 of the …

EURUSD

The pair is trading near a strong support level, remaining under pressure. The decline in risk appetite weighs on the euro. The dollar is supported by the more steady Treasury yields, which don’t seem to retreat yet.

Technical side:

The price is below the lower Bollinger band, below the …

Tuesday, March 2nd, today’s news—global markets are mixed after hitting several-month highs yesterday. Low commodity prices weigh on European stocks, dollar moves higher, new data indicate rising unemployment in Germany and Spain. The price of Brent oil is $63.59, WTI—$60.66, EUR/USD is at 1.2014, GBP/USD—1.3872, gold is $1,720.70 per ounce. …

#DUK

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

Trading idea:

Buy when an ascending pattern 1-2-3 is formed above 88.04.

Stop Loss: 85.80;

Target levels:  90.00; …

EURNZD

The "hammer" reversal pattern has ended the last week with a false breakout of the support level. Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy from the round important level of 1.6500.

The stop loss under the local minimum: 1.6300.

Target levels: 1.6840; 1.7200; 1.7900.