Daily reviews

AUDCAD

The price pivot zone of 0.9468 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator showed an exit from the oversold zone. A breakout of the resistance level of 0.9512 will result in the formation of an ascending pattern of 1-2-3.

AUDCAD rate …

#FRE

The 38.55 support level is holding back sellers. Stochastic Oscillator indicates an oversold condition. A breakout of the price pivot zone of 40.47 will result in the formation of an ascending pattern of 1-2-3.

Trading recommendations:

Buy above 40.47.

Stop Loss: 38.55.

Target levels: 42.12; 46.22.

EURUSD 

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated H4 level pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

EURUSD rate online: monitor the price movement in …

GBPUSD

The pair is trading within the general trend in the currency markets, basically following EURUSD. Today’s UK data is unlikely to have a significant impact on the pair, it may fall if EURUSD is under pressure as investors remain negative on risk assets.

Technical side:

The price is at …

Sber Bank stock continues moving within the ascending channel, as it managed to breach the resistance (229.33) as seen in the chart. And that was after it broke through the resistance 215.70 and confirmed its break.

The current price action is between the support level 202.23 and the resistance level …

The dollar against the yen achieved a clear breach of 106.44 and closed the daily candlestick above it, which stops the negative scenario suggested in our recent reports and leads the price to turn to the upside, as we expect to target 107.68 as a next positive station.

Consequently, the …

Gold futures fell during the Asian session, to witness its rebound for the fourth consecutive session from its highest ever, amid the bounce of the US dollar index for the fourth session from its lowest since May 14, 2018, according to the inverse relationship between them before developments and expected …

The single currency, the euro, fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound from its lowest since the third of August, when it tested the lowest since July 27 against the US dollar on the cusp of economic developments and data …

The Australian dollar against the US dollar is trading with a noticeable negativity now, to break the 0.7125 level and settle below it, which leads the price to turn downward in the upcoming sessions, heading towards a visit to the 0.7000 level as a first negative target.

Thus, the bearish …

The Australian dollar rose during the Asian session, to witness its rebound to the second session from its lowest since the fourth of August against the US dollar, following the economic developments and data that they followed on the Australian economy and on the cusp of economic developments and data …