Daily reviews

CADCHF

The currency pair is trading in the range of the upper limit of the descending price channel. The ascending H2 level pattern is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition. A breakout of 0.6859 will result in the formation of a descending …

EURUSD

The pair declines as the demand for risk assets falls and investors are cautious ahead of the US presidential election amid the second wave of the COVID-19 pandemic.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the border …

Friday, October 30th, today’s news—Apple and Amazon shares drop following disappointing earnings, Dow is down by nearly 500 points. Asian and European markets followed, the pandemic continues to weigh on the latter, eurozone GDP to be released today, oil extends losses, gold is up on the weak dollar. The price …

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound for the second consecutive session from the lowest since July 20 against the US dollar after the developments and economic data that they followed on the Australian economy and on …

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its rebound for the second session from its lowest since September 28, amid the bounce of the US dollar index for the second session from its highest since the …

The US dollar retreated during the Asian session to reflect the resumption of the rebound from its high since September 14 for the ninth session in seventeen sessions against the Japanese yen, following developments and economic data that they followed on the Japanese economy and on the cusp of economic …

#MTS
The stock is trading in the range of the support level 312.0. A “hammer” (reversal candlestick pattern) has formed on the H4 timeframe. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
#MTS rate online: monitor the price movement in real time.

Trading recommendations:

Buy …

NZDUSD
The currency pair is trading in the range of the lower border of the ascending price channel. Awesome Oscillator indicates a bullish divergence. A breakout of 0.6642 will result in the formation of an ascending wave pattern within the ascending price channel.
NZDUSD rate online: monitor the price movement …

EURUSD

The increasing demand for safe haven assets, including the dollar, weighs on the pair. If the market sentiment doesn’t improve, which is unlikely, the pair will resume falling amid the second wave of COVID-19 in Europe and the uncertainty around the presidential election in the US.

Technical side:

The …

Thursday, October 29th, today’s news—combined market value of American tech giants dropped $270 in the last two days, but the markets start to rebound. Dow went up 200 points, European markets rise slightly on positive earnings, Shell increased dividends after reporting better-than-expected profits, but oil is still falling, dollar is …