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The company has huge reserves of foreign currency and the resumption of growing US dollar against the Russian ruble may resume the shares price growth.
Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator moving averages have moved out of the oversold zone. The breakout of 35.50 will result in …

Thursday, February 4th, today’s news—oil giant Shell reported a 71% drop in yearly profit in 2020, oil prices continue to rise as OPEC+ promises to clear the surplus and cut the output. Global markets are mixed, earnings reports are still in focus, gold and silver are down amid the strong …

Futures contracts for gold prices decreased during the Asian session, to witness the lowest since January 19, when they tested the lowest since the beginning of December 2020 amid the rise in the US dollar index according to the inverse relationship between them on the cusp of developments and economic …

The overall trend is upward. The descending pattern is still truncated and the wave C has not reached the level of 123.6% of wave A. A bullish divergence has formed on Awesome Oscillator, and the moving indicators of Stochastic Oscillator enter the oversold zone.

Trading idea:

Buy strictly when an …

The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fourteenth session in twenty-two sessions from its highest since April 20, 2018 against the US dollar on the cusp of economic developments and data expected today, …

GBPUSD

The pair is trading amid a stronger US dollar, which is still supported by the growth in the yield of US Treasury government bonds.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is …

Cisco share started a sideways movement near the resistance level 45.85, which coincided with the bullish movement it was making during the past two weeks. This was after it was able to break the resistance level 43.40 and stabilize above it, and move to the next level at the value …

Wednesday, February 3rd, today’s news—markets continue to rise amid strong earnings reports: Siemens and Volvo posted profits above the expectations, while on the other side of the pond, Amazon and Alphabet released positive earnings reports. Asia-Pacific markets are mixed, dollar is stronger. The price of Brent oil is $57.95, WTI—$55.11, …

The dollar against the yen succeeded in reaching our awaited target at 105.20 and stabilizing near it, noting that the stochastic indicator is trying to gather positive momentum on intraday time frames, to support the chances of continuing the bullish wave and surpassing the aforementioned level to open the way …

Gazprom share continues to decline after Miser confirmed the level of support at 220.25 during the past week, thus continuing with the bearish path.

The two  SMA of 7-20 are pressuring the price to the downside, as the average 20 moves with the broken support level, which turned into …