Daily reviews

Gold Spot

Gold is trading at the lower end of 1794.70–1813.00 after reaching the local maximum. If the market sentiment today shifts to positive, the price of gold may decrease.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. Movings averages suggest selling. …

GBPJPY

The overall trend is upward. The level of 133.94 (50% Fibo) is holding back sellers. The pair is trading in the range of 365 and 135 moving averages. A breakout of 134.90 will result in the formation of an ascending wave pattern within the overall uptrend.

GBPJPY rate online …

The Australian dollar fluctuated in a narrow range tilted toward the backdrop during the Asian session, to witness its bounce for the second session from the top since June 10, when it tested its highest since July 19, 2019, against the US dollar, following the developments and economic data that …

We do not have anything new on Cisco stock movement, as the stock continues to provide noticeable positive trades to settle in trading around the moving average 20, which supports expectations of achieving more gains during the upcoming sessions, provided the stability above the average 20, which constitutes a level …

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second session from the top since March 10 against the US dollar, on the cusp of developments and economic data expected today by the economies of the …

Gold Analysis 16-07-2020

Gold price futures fluctuated in a narrow range tilted backward to witness their bounce for the third session in seven sessions from the highest since September 19, 2011, amid the US dollar index rebounded for the second session from the lowest since June 10, when it tested …

USDCHF

The overall trend is downward. The ascending H1 level pattern is currently truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.

#USDCHF rate online: monitor the price movement in real time.

Trading recommendations:

Sell when a descending wave pattern is formed, where the …