Daily reviews

EURUSD

The pair has formed a «descending flag» trend pattern and broke out of it. The weaker US dollar along with the coming ECB support measures for the European economy stimulate the pair's growth.

Technical side:

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

EURUSD

The pair has formed a «descending flag» trend pattern and broke out of it. The weaker US dollar along with the coming ECB support measures for the European economy stimulate the pair's growth.

Technical side:

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

Thursday, December 10th, today’s news—global stocks take a pause, lack of progress in Brexit and the US stimulus weighs on the markets. The UK PM Boris Johnson and the President of the European Commission Ursula von der Leyen set Sunday as the talks deadline, the UK GBP growth slows to …

#BMW

The overall trend is upward. The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.

Trading recommendations:

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

EURUSD

The pair shows a local downward reversal ahead of the ECB’s monetary policy meeting today. The regulator is expected to expand stimulus measures by 500 billion euros, which may support the local stock market and put pressure on the single currency.

Technical side:

The price is below the middle …

EURNZD

The overall trend is downward. The currency pair is trading in the range of the upper limit of the descending price channel. A breakout of the support level of 1.7175 will result in the formation of a descending wave pattern within the wave C of an H2 level descending …

Wednesday, December 9th, today’s news—European markets rise as investors monitor the Brexit talks progress, the UK PM Boris Johnson on the way to Brussels. Asia-Pacific and American markets are also up, S&P 500 hits a record high of 3,700, dollar and gold are weaker amid the vaccine and stimulus optimism. …

#CMI

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. A breakout of the resistance level of 222.70 will result in the formation of a 1-2-3 ascending pattern.

Trading recommendations:

Buy when the 1-2-3 …

AUDUSD

Optimism dominates over the global markets as vaccination begins in the UK, and a new stimulus package is expected in the US. Strong economic data from China has a positive impact on the commodity currencies, which may continue to push the pair up.

Technical side:

The price is above …

GBPJPY

The currency pair is trading in the range of the upper limit of a descending price channel on the weekly timeframe (W1).

GBPJPY analysis: monitor the price movement in real time.

On the H1 timeframe, an ascending M15 level pattern is truncated, and Stochastic Oscillator signals an overbought condition. …