Daily reviews

GBPUSD

The pair has grown significantly in the recent days amid a weaker US dollar following the increased demand for risk assets. But it’s technically overbought, and the rally has stopped in the stock markets, which may result in a downward correction of the pair.

Technical side:

The price is …

USDCHF

The overall trend is downward. The ascending truncated H1 level pattern ended with the breakout of the inclined channel. A breakout of 0.9127 will result in the formation of a descending wave pattern. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.

USDCHF rate online: …

Tuesday, November 10th, today’s news—Pfizer and BioNTech announced the successful end of phase three trial of coronavirus vaccine that was found 90% effective. Global markets reacted with enthusiasm, Dow and S&P 500 hit record highs, stocks of airline and digital companies rise in Asia, European markets are mixed, unemployment in …

The single currency, the euro, fluctuated in a narrow, rising range during the Asian session, to witness its rebound to the fourth session in five sessions from the lowest since July 24 against the US dollar on the cusp of economic developments and data expected today, Tuesday, by the economies …

Gold futures rose about 1 percent in corrective operations during the Asian session after its worst daily performance since January 20 of 2013 and to reflect its rebound to the second session from its lowest since July 22, with the US dollar index resuming its rebound from the top He …

Gazprom share started to rise after it reached the lower limit of the descending channel in which it was moving, and it reached the resistance level at the moving average level 50. After crossing several resistance levels.

While we have major resistance at 173.64 and key support at 158.75.

We …

#EBAY

The overall trend is upward. The support level of 47.00 is holding back sellers. Stochastic Oscillator signals an oversold condition, while Awesome Oscillator indicates a bullish divergence.

#EBAY rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed, where wave …

GBPUSD

The ascending pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals an overbought condition.

#GBPUSD rate online: monitor the price movement in real time.

Trading recommendations:

Sell when a descending wave pattern is formed, where wave A breaks through the inclined channel of the ascending …

AUDUSD

The pair is trading above 0.7270. It’s supported by the overall demand for risk assets, while it’s expected that China–Australia trade will benefit as the relationship between Beijing and Washington is normalized.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI …

Monday, November 9th, today’s news—Joe Biden is elected President in the US, Dow futures up more than 300 points, total COVID-19 cases in America exceed 10 million. Eureopan and Asian markets also reacted positively, dollar is weaker, investors turn to risk assets. The price of Brent oil is $40.41, WTI—$38.12, …