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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 …

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 …

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 …

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 …

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 …

AUDUSD

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 …

USDCAD 

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 …

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 …

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 …