Daily reviews

#HYDR

The 0.7150 support level is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Stochastic Oscillator indicates an oversold condition. The Wedge pattern has formed.

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed.

Stop Loss under the support …

Monday, September 7th, today’s news—European markets recover after the last week's losses, Thursday's ECB meeting in focus. Gold is up on the negative US jobs data, the dollar is rising, Saudi Arabia cuts oil prices amid the weak demand in Asia. The price of Brent oil is $42.02, WTI—$39.14. EUR/USD …

Aeroflot stock continues to test the support level 82.00 by the end of last week's trading, but it failed to breach this level. The stock returned to the sideways movement it was trading in during the past two weeks, as it tested the key support level of 78.50, which is …

The Australian dollar fluctuated in a narrow range sloping to an upside during the Asian session, to witness its bounce for the second consecutive session from the lowest since 27 August against the US dollar, following the developments and economic data that were followed on Monday by the Australian economy …

The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the fifth session in a row from its highest since the second of May 2018 against the US dollar on the cusp of economic developments and data …

Gold futures 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 the 27th of last August, overlooking the bounce of the US dollar index for the fifth consecutive session from its lowest since …

The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the seventh session from its lowest since August 19, when it tested its lowest since late July against the Japanese yen following the developments and economic data that followed …

EURUSD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending truncated H4 level pattern ended with the breakout of the inclined channel. A bullish divergence’s formed on Awesome Oscillator. A breakout of the resistance level of 1.1855 will …

#IBM

The price pivot zone of 121.14 is holding back sellers. The inclined channel of the outgoing pattern is broken. A breakout of the resistance level of 123.44 will result in the formation of a 1-2-3 upward pattern.

Trading recommendations:

Buy above 123.44.

Stop Loss: 121.14.

Target levels: 126.71; 130.00.

AUDUSD

The pair is consolidating above the support level of 0.7265 during the public holiday in the US and under the influence of competing factors: the Fed’s soft monetary policy stifles growth, while the strong technical oversold condition prevents the price from dropping.

Technical side:

The price is located below …