Daily reviews

Friday, September 25th, today’s news—the UK budget deficit hits $222 billion amid the lockdown. European markets are weaker as investors monitor the new wave of the coronavirus and the economic recovery outlook, the dollar is lower after hitting a two-month high on the possibility of a new stimulus, the American …

The Australian dollar 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 July 21 against the US dollar amid scarcity of economic data in the last sessions of the week by the Australian …

Futures contracts for gold prices fluctuated in a narrow range slanting to rise during the Asian session, to witness its rebound for the second session in a row from its lowest since July 22, overlooking the rise of the dollar index according to the inverse relationship between them on the …

The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound from the high since September 15 against the Japanese yen following the developments and economic data that they followed on the Japanese economy and on the cusp of economic developments …

Arrow returns to the upside move, as the price is testing the resistance 340.85 after testing the support level of 330.70 to the downside, and it reached the support level near the SMA 50. Which is moving near the major support at 330.50.

The stochastic oscillator approached the overbought zone, …

USDJPY

The pair is turning down against the backdrop of the stronger US dollar as the demand for risk assets has increased due to hopes of Democrats and Republicans agreeing on new stimulus package to support the American economy and citizens.

Technical side:

The price is located above the middle …

EURGBP

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The downward pattern ended with the breakout of the inclined channel (aC wave). A breakout of the top (aC) will result in the formation of an ascending wave pattern within …

#APPLE

After the split, the company’s shares became available to a larger number of buyers. However, the share price declined slightly against the backdrop of the overall negative mood on the stock markets. The downward pattern ended with the breakout of an inclined channel. A breakout of the resistance level …

Thursday, September 24th, today’s news—Jerome Powell called for more fiscal stimulus in his speech in Congress. European markets are lower due to the escalating pandemic outbreak and the pessimism over the global economic recovery, the Asian and American markets show similar trends, the dollar is stronger amid the crisis. The …

#MT

The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicates a bullish divergence. Stochastic Oscillator indicates an oversold condition.

Trading recommendations:

Buy strictly when the descending wave pattern is completed by the formation of an ascending pattern, where the wave (A) breaks through …