Daily reviews

Analysis based on round-number levels, price channels and modified Elliot Waves

CADCHF

The overall trend is downward. A start fractal has formed below the 135 (EMA) moving average. Breaking through the start fractal will result in the formation of a 1-2-3 descending pattern. Awesome Oscillator shows a bearish divergence.

CADCHF …

Friday, December 11th, today’s news—EU leaders approve a new stimulus package after Poland and Hungary lift their veto. European markets are down as the prospect of no-deal Brexit looms, the US markets are mixed with no progress in the fiscal stimulus talks, gold rises, vaccine optimism drives up the stocks …

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 …