Daily reviews

EURUSD

The pair is testing the resistance line of the “rising flag” trend continuation pattern. It’s supported by the globally weak US dollar following the Fed’s new inflation target and rising demand for risk assets corporate stocks.

Technical side:

The price is at the level of the upper Bollinger band, …

Monday, August 31st, today’s news—Wall Street closes its best August in 30 years. Asian share are at their 29-month-high, European markets rise following the Fed's policy shift last week, gold and oil are up, the dollar may have its worst August in five years. The price of Brent oil is …

There is nothing new in the movement of Aeroflot, as the stock tried to test the resistance level 86.50 at the end of last week's trading, but failed to breach this level. The stock returned to the sideways movement it was trading in during the past two weeks, as it …

The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its highest since the fourth of December of 2018 against the US dollar before the economic developments and data that were followed on Monday by the Australian economy and the Chinese economy, Australia's largest …

The single currency, the euro, fluctuated in a narrow range sloping upward during the Asian session to witness its stability near its highest since mid-2018 against the US dollar before the developments and expected economic data on Monday by the economies of the euro area and amid the scarcity of …

Futures contracts for gold prices fluctuated in a narrow range that is tilted to rise during the Asian session with the decline of the US dollar index to its lowest since August 18, when it tested its lowest since the beginning of May 2018 according to the inverse relationship between …

The US dollar fluctuated in a narrow, bullish range during the Asian session against the Japanese yen, following the developments and economic data that were followed on Monday by the Japanese economy, and amid scarce economic data early this week by the US economy, the largest economy in the world. …

#TATN

The descending pattern is truncated. A bullish divergence has formed on Awesome Oscillator indicator (the price has overstepped the balance line at the point (B) — “breaking the bear’s back”, then the minimum on the chart was updated without updating the indicator’s minimum). Stochastic Oscillator indicates an oversold condition. …

EURCHF

The overall trend is downward. The currency pair is trading in the range of 364 and 135 moving averages, and the ascending H1 level pattern is truncated. Stochastic Oscillator also signals an overbought condition.

EURCHF rate online: monitor the price movement in real time.

Trading recommendations:

Sell when …

NZDUSD

The pair began to correct following today’s weak economic data from China. The pair is being driven down due to the local overbought condition, which may result in a limited decline.

Technical side:

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