Daily reviews

#AEP

The overall trend is upward. The stock is trading near the lower limit of the ascending price channel. Awesome Oscillator shows a bullish divergence. The moving averages of Stochastic Oscillator are directed upwards from the oversold zone. Breaking through the resistance level of 83.07 will result in the formation …

USDCAD

The overall trend is downward. The ascending pattern of the H4 level is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. The inclined channel of the ascending pattern is broken, which gave the completion of the ascending pattern. Breaking through the support level of …

EURUSD

The pair is trading above the 1.05 level while remaining in a short-term downtrend. Data on inflation in the eurozone will be announced today and may locally support the pair, but overall, due to the ECB’s monetary policy and the difficult economic situation in Europe, it may go further …

Tuesday, February 2nd, today’s news—global markets are optimistic after a strong start of the week. Progress in the stimulus talks in the US, Dow futures rise by almost 100 points, dollar is at a seven-week high, gold is down. The price of Brent oil is $56.91, WTI—$54.14, EUR/USD is at …

EURUSD

The pair is trading below 1.2100 due to the stronger US dollar, which is supported by an increase in the yield of US 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 …

AUDNZD

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

Trading idea:

Buy when an ascending pattern is formed, where the wave (A) breaks through the inclined channel of an H4 descending …

#T

The support level of 28.31 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. A breakout of 28.91 will result in the formation of an ascending pattern of 1-2-3.

Trading idea:

Buy at breakout 28.91.

Stop Loss: 28.31.

Target levels: …

Monday, February 1st, today’s news—growth on Wall Street and on European markets after a tumultuous week. Germany posted weak retail sales data amid the stricter lockdown, Eurozone factory recovery slowed down, Dow futures rose almost by 200 points. The price of Brent oil is $55.51, WTI—$52.49, EUR/USD is at 1.2087, …

Futures contracts for gold prices fluctuated in an upward sloping range during the Asian session amid the decline in the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of minerals in the world …

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the second session in three sessions from the lowest since December 29 against the US dollar, following the developments and economic data that they followed on the Australian economy …