Daily reviews

#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; …

Futures contracts for gold prices declined during the Asian session, to witness their lowest since the ninth of June 2020 amid the rise of the US dollar index to the highest since the fifth of February, when it tested its highest since the beginning of December 2020 according to the …

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 …

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 …

Analysis based on modified Elliot Waves, Fibonacci retracement, and price channels

NZDUSD

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 …

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 …

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 …

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 …

EURUSD

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 …

#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: …