11.08.2020
The single currency, the euro, fluctuated in a narrow, upward range, during the Asian session, to witness its rebound from its lowest since the third of August, when it tested its lowest since July 27 against the US dollar before the developments and economic data expected today, Tuesday, by the …
11.08.2020
Gazprom share is moving around the support level of 185.80, after it settled in trading around this after it failed to return to the ascending channel it was moving within.
The price is now moving below the 50 average, which constitutes the first level of price resistance.
While we have …
11.08.2020
Futures contracts for gold prices fluctuated in a narrow range tending to decline during the Asian session, to witness its rebound for the third consecutive session from its highest ever, overlooking the decline of the US dollar index for the first time in three sessions according to the inverse relationship …
11.08.2020
The dollar against the yen is testing the resistance line that appears in the above chart and maintains its stability below it, which keeps our bearish expectations valid for the upcoming period, waiting for the direction towards 105.20 as a first major stop.
We note that breaking 105.75 will make …
11.08.2020
The overall trend is upward. The descending (red) wave pattern is truncated and has ended with the breakout of an inclined channel. A breakout of the resistance level of 0.7185 will result in the formation of an ascending wave pattern within the overall uptrend. Awesome Oscillator indicates a bullish …
11.08.2020
The pair is trading in a short-term downtrend amid the rising oil prices and the overall growth in demand for risk assets in the markets. If this sentiment persists, the pair will fall further.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
11.08.2020
E. ON (XETRA)
The price pivot zone of 9.80 is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition
Trading recommendations:
Buy above 9.98.
Stop Loss: 9.80.
Target …
10.08.2020
Aeroflot Russian stock continues to decline after it failed to stabilize above the resistance level 86.50, to bounce back down below the mentioned resistance. 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 …
10.08.2020
The Australian dollar against the US dollar faced negative pressure in the past sessions to move around the EMA 50, noting that recent trades are confined within an intraday bullish channel that appears in the image, and the stochastic oscillator begins to cross positively now, to stimulate the price to …
10.08.2020
The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to reflect the resumption of the gains rallies, which were halted in the last sessions of last week for the first time in four sessions against the US dollar before the developments and economic data …
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