Daily reviews

#KO

The US economy is recovering from a severe fall caused by the pandemic.

The price pivot zone of 46.67 holds back buyers, if the price fixes above it, there will be an opportunity for further growth. Stochastic Oscillator moving indicators showed an exit from the oversold zone and are …

USDCAD

The pair dropped below the strong support level of 1.3860, where it has been trading recently. The increase in crude oil prices amid the renewed economic activity as countries lift lockdowns supports the demand for risk assets and crude oil, while pressuring the US dollar.

Technical side:

The price …

GBPCHF 

A false breakdown has formed. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator showed an exit from the overbought zone. Breaking through the support level of 1.1894 will result in the formation of a 1-2-3 descending pattern.

Trading recommendations:

Sell below 1.1894.

Stop loss: 1.1960.

Target levels: 1.1852; …

The Australian dollar versus the US dollar continues to fluctuate when supporting the main bullish channel, which now rises to 0.6530 and maintains its stability above it. Therefore, our expectations for the upward trend will remain valid for the next period, which targets the level of 0.6685 as the next …

The single currency fluctuated the euro in a narrow range slashing up during the Asian session against the US dollar on the threshold of developments and economic data expected on Tuesday by the economies of the euro area and the US economy, the largest economy in the world.

At 04:42 …

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session amid the decline of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected on Tuesday by the American economy and amid market pricing to …

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session amid the decline of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected on Tuesday by the American economy and amid market pricing to …

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen after the developments and economic data that it followed on the Japanese economy and in the wake of the lifting of the state of emergency in Japan and on the …

#JNJ

The support level 144.00 holds back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. An inclined channel is formed on a descending wave pattern.

Trading recommendations:

Buy when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending …

USDRUB

The pair is still trading below the strong resistance level of 72.50. It’s under pressure because of the renewed demand for risk assets as countries continue to ease restrictions, as well as the rising crude oil prices. Another positive factor for the ruble are currency sales by the Central …