Daily reviews

Friday, September 4th, today’s news—a major drop hit the American markets, Dow futures are down over 800 points, S&P 500 and Nasdaq Composite down 3.5% and 5% respectively. Negative trends also dominate the European and Asian markets, the US dollar is rising ahead of the employment data release, oil is …

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

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the second session from its lowest since the 27th of last August amid the bounce of the US dollar index to the second session from its …

The US dollar fluctuated in a narrow range that tends to decline, to witness its rebound for the second session from its high since August 28, when I tested its highest since the 14th of last month, while the dollar is still in the process of its first weekly gains …

MTC stock is correcting the upward movement, as the price is testing the support at 330.50, after it broke through the resistance level of 340.00 on the downside and reached the support level near the 50 SMA. Which is moving near the main support 330.50 while the average 20 is …

#CI

The support level of 171.00 is holding back sellers. A descending truncated pattern has formed. A bullish divergence has formed on Awesome Oscillator. A breakout of the resistance level of 185.24 will result in the formation of an ascending wave pattern.

Trading recommendations:

Buy above 185.24.

Stop Loss: 171.00. …

AUDUSD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

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

Trading recommendations:

Buy when an ascending …

EURUSD

Today, the market is focused on the US employment data. If the number of new jobs is higher than predicted, the pair may be supported as the demand for risk assets grows. At the same time, negative figures may put pressure on the pair, but it will be limited …

Thursday, September 3rd, today’s news—European shares hit one month-high on the positive US data, ahead of new retail sales and service sector figures. France plans to spend 100 billion euros on a new stimulus package, the dollar is stronger, American markets are quiet following the growth. The price of Brent …

Cisco share continues moving around the support level of 42.14 after the bearish price gap that was previously formed. Where the stock fell very strongly and surpassed several support levels.

Trading stabilized below the moving averages, which supports expectations for further decline in the upcoming sessions, provided that the stability …