Daily reviews

Wednesday, October 7th, today’s news—Trump postpones stimulus talks until after the election. Markets reacted with a decline, quickly followed by a recovery amid the rising popularity of the Democratic candidate Joe Biden, and the expectations of a massive stimulus package in case of his victory. The price of Brent oil …

The Australian dollar against the US dollar succeeded in achieving our first awaited target at 0.7100 and stabilizes near it, waiting for further decline to surpass this level and pave the way for our next target that extends to 0.6964.

Consequently, the bearish trend scenario will remain valid and effective …

Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound from its lowest since September 28, overlooking the bounce of the US dollar index for the second session from its lowest since the 21st of the same month …

The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound for the second session in four sessions from its lowest since September 23 against the Japanese yen, following developments and economic data that they followed on the Japanese economy, which …

The stock of the week's trading opened with a big gap, as the price breached the lower bound of the ascending channel it was moving within and also managed to breach the support level 216.25

The price is moving below the moving averages that form resistance to the price and …

#MAGNIT
The support level of 4850,0 discourages sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
#MAGNIT rate online: monitor the price movement in real time.

Trading recommendations:
Buy when an ascending wave pattern is formed.
Stop Loss under …

GBPJPY

The overall trend is downward. The ascending pattern showed a bearish divergence on Awesome Oscillator, and an overbought condition on Stochastic Oscillator. A breakout of 135.85 will result in the formation of a 1-2-3 descending pattern.

GBPJPY rate online: monitor the price movement in real tome.

Trading recommendations:

Sell …

EURUSD

The pair found support at 1.1730 and may resume growth. Higher expectations of new stimulus package from the ECB may support the pair. However, if the sentiment in the stock market turns negative after Trump’s decision not to support new stimulus proposals by Republicans, the pair may continue its …

Tuesday, October 6th, today’s news—European markets are lower as the healthcare and tech sectors weaken, profitability of the eurozone banks fall. The dollar falls amid the rising risk appetite, American markets await the statement from the Fed's head Jerome Powell. The price of Brent oil is $41.70, WTI—$39.60, EUR/USD is …

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