Daily reviews

GBPUSD 

The pair fell below 1.22000, where it has been since March 27. It’s starting to get affected negatively by the unexpectedly resurfaced Brexit, which has been overshadowed by the pandemic for a time. A set of circumstances negative for the UK may have a significant long-term negative influence on …

The Australian dollar fell during the Asian session to witness its bounce for the fourth consecutive session from the top since late April, when it tested its highest since 10 March against the US dollar after the developments and economic data that it had reported on the Australian economy and …

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second consecutive session from its highest since May 5 against the US dollar on the cusp of developments and economic data expected today Thursday by the eurozone …

Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session amid the rise of the US dollar index for the sixth session in nine sessions from the lowest since March 30, according to the inverse relationship between them on the threshold of developments and economic …

The fluctuation of the US dollar in a narrow range tilted toward decline during the Asian session to witness its bounce to the fourth session from the top since April 23 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and …

#KHC

A multi-candle head and shoulders reversal model has formed on the H4 timeframe. The support level of 28.40 (neck line) is holding back the bears. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator showed an exit from the overbought zone.

Trading recommendations:

Sell below 28.40.

Stop loss: 29.80.

Target …

GBPCAD 

The 1.7200 support level is holding back sellers. Awesome Oscillator indicator shows bullish divergence, while Stochastic Oscillator signals oversoldness. The currency pair is trading in the upper bound of the descending price channel.

Trading recommendations:

Buy while an ascending 1-2-3 pattern is forming, where wave 1 breaks through the …

GBPUSD 

The pair is consolidating in a wide range of 1.2250–1.2555. Today it found support at 1.2250 amid the somewhat better UK economic statistics released today. Today, the market will be focused on Jerome Powell’s speech. If his outlook for the US economy is optimistic, and he clearly dismisses the …

The Australian dollar versus the US dollar pair is back to test the support of the main bullish channel and is still above it, noting that SMA 50 is trying to protect the suggested positive scenario in our recent reports, waiting for the resumption of the uptrend targeting mainly 0.6685 …

The euro against the dollar ended yesterday's trading above 1.0840, which stops the negative scenario suggested in our recent reports and leads the price to achieve more expected rise during the upcoming sessions, especially as the price has completed forming a double bottom model showing its features in the picture. …