Daily reviews

The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its retracement to the fifth session from its lowest since August 19 against the Japanese yen amid scarce economic data by the Japanese economy and on the cusp of economic developments and …

#MAGN

The “long-legged doji” candlestick pattern has formed on the H4 level timeframe from the support level of 37.30. This candlestick pattern points at a likely reversal. Stochastic Oscillator indicates an oversold position, and Awesome Oscillator shows a bullish divergence.

Trading recommendations:

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

EURUSD

The pair remains within the “rising flag” pattern for now. It is likely to test 1.1790. One negative factor is the weak new jobs data from ADP, another is the low inflation, which may force the ECB to come up with something new to stimulate the growth of inflation …

USDCHF

The overall trend is downward. A bearish divergence is forming on Awesome Oscillator, and Stochastic Oscillator showed an exit from the overbought zone.

Trading recommendations:

Buy when a 1-2-3 downtrend pattern is formed, where wave 1 breaks the inclined channel of the downward pattern.

Stop Loss beyond the local …

Wednesday, September 2nd, today’s news—weak eurozone data, negative inflation, low retail sales in Germany. Despite this, European shares are rising following a strong Wall Street session, Dow futures are up nearly 100 points, oil and Treasury yields are rising. The price of Brent oil is $45.67, WTI—$42.92. EUR/USD is at …

The Australian dollar against the US dollar opens the trading day with an additional bearish tendency to approach the pivotal support 0.7325, and the price needs to consolidate above this level to keep the bullish trend scenario effective for the coming period, as breaking it will cause more decline to …

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second session from its high since August 19, amid the bounce of the US dollar index for the second consecutive session from its lowest since late …

The dollar against the yen is fluctuating around the moving average 50, and stabilizes around the 106.00 barrier, and as long as the price is below 106.44, our expectations for a bearish trend will remain valid for the upcoming period, waiting for a negative stimulus to push the price to …

Sberbank share is moving around the resistance 229.77 in an attempt to rise again. After it approached the support of the ascending channel at 224.00, to continue moving within the ascending channel as seen in the chart.

The current price action is between the support level 220.10 and the resistance …

EURUSD

The pair remains within the "rising flag" pattern. Today it may rise in the short term on the ADP data release, or continue to decline. In the future, however, it is likely to resume growth amid the fundamental weakness of the US dollar.

Technical side:

The price is below …