Daily reviews

EURUSD

If the Fed’s meeting results in a decision to preserve the soft monetary policy aimed at the recovery of the national economy, and Jerome Powell confirms it at the press conference, expect the US dollar to resume decline.

Technical side:

The price is above the middle Bollinger band, above …

#VOW3

The overall trend is upward. The stock is trading in the range of the lower border of the ascending price channel. A descending wave pattern ("red") has formed, an inclined channel has also formed along it.

Trading recommendations:

Buy when an ascending wave pattern is formed, where the wave …

The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its rebound from above for it since July 23, 2019, and to promise to end its longest daily gains march since late 2017 and early 2018 against the US dollar, following the …

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

Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session, with the US dollar index resuming its rebound from the lowest since 12 March for the second session in three sessions according to the inverse relationship between them on the cusp of developments and economic …

The US dollar fell during the Asian session to witness its rebound for the third session from its top since March 26 against the Japanese yen after the developments and economic data that is reported on the Japanese economy and on the cusp of developments and economic data expected today …

USDJPY

The pair is at a strong support level of 108.00 in anticipation of the Fed’s monetary policy decision, as it is possible that Jerome Powell will hint at the easing of stimulus measures amid the quick recovery of the US economy from the coronavirus pandemic.

Technical side:
The price …

EURJPY
The currency pair is trading in the range of the round important level 122.00, near the 365 moving average. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy when the M30 candle closes above the round secondary level of 122.20.

Stop loss under …

The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to promise to end its longest daily gains march since late 2017 and early 2018 against the US dollar amid the scarcity of economic data on Monday by the Australian economy and its US …

The euro fluctuated in a narrow range slanting back down during the Asian session to witness its rebound from above since March 10 against the US dollar on the eve of developments and economic data expected on Monday by the euro zone economies, which includes the certificate of the European …