Daily reviews

Monday, February 8th, today’s news—global markets continue to rise, Wall Street just had its best week since November, European markets are up on tech stocks. China announces new anti-trust laws aimed at tech giants, Brent oil hist $60 per barrel for the first time since January 2020, dollar is stronger. …

The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its rebound for the third session in five sessions from its lowest since December 28, 2020 against the US dollar amid scarcity of economic data at the beginning of this week by the Australian …

Google shares rose again and managed to breach the resistance level 1930.60, and the upper limit of the ascending channel was the price movement within it. After it formed a rising price gap during last week's trading.

The moving averages support the upward movement of the stock which is moving …

XAUUSD

The descending pattern of the H12 level is truncated. A Bullish divergence is formed on Awesome Oscillator, and Stochastic Oscillator signals oversold condition.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop Loss: 1784.0.

Target levels: 1875.0 (breakeven); 1950; 2012.0.

#NOVN

The stock is trading in the range of the lower limit of the ascending price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The breakout of 82.72 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading idea:

Buy …

GBPUSD

The pair is trading in the range of 1.3630-1.3755. The growth in the yield of US treasuries may support the dollar demand.

Technical side:

The price is located above the middle Bollinger band, at the level of SMA 5, but below SMA 14. RSI is above the 50% level …

Friday, February 5th, today’s news—stock prices on global markets near record highs on vaccine optimism. European markets rise, Germany's factory orders slide, oil is up to highest in a year, dollar ends it best week in three months, Treasury yields are lower. The price of Brent oil is $59.59, WTI—$56.96, EUR/USD …

#UNH

The overall trend is upward. The support level of 329.0 is holding back sellers. The Doji candle shape has formed. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on the breakout of the Doji figure above 331.52.

Stop loss under …

EURUSD

The pair is trading lower amid positive news on the US employment data, which will be released today. If it turn out to be higher than the forecast, this will support the dollar exchange rate.

Technical side:

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

EURJPY

The overall trend is upward. The descending pattern of the H2 level is truncated. Awesome Oscillator shows a bullish divergence. The inclined channel of the descending truncated pattern of the H2 level is broken by the upward movement (A?). The breakout of 126.39 will result in the formation of …