Daily reviews

USDCHF 

The 0.9700 support level is holding back sellers. A descending truncated pattern has formed, which may be a wave B of an ascending pattern of a larger wave level. Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy while an ascending pattern is forming, where wave A breaks through the inclined …

The Australian dollar pair is trading against the US dollar when supporting the main bullish channel that appears in the picture, and gets continuous positive support from the EMA50, which supports the chances of resuming the main bullish trend, whose next target is located at 0.6685.

Consequently, we will maintain …

The single currency fluctuated the euro in a narrow range slanting toward decline, to witness its bounce for the third consecutive session from the top since the beginning of May when it tested the highest since early April against the US dollar on the cusp of developments and economic data …

Gold prices fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the third session in six sessions from its highest since April 14, when it tested its highest since the fifth of October 2012 amid the US dollar index rebound to the …

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen after the report that it adopted earlier this week, which touched on the Japanese government's intention to adopt more stimulus to face the negative economic repercussions of the Corona outbreak …

EURUSD

The pair continues to move in the range of 1.0760–1.1015 amid the internal economic problems in the eurozone, as well as the uncertainty created by Brexit and the US-Chinese confrontation.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below …

EURUSD 

The currency pair is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. A descending truncated pattern has formed.

Trading recommendations:

Buy when an ascending wave pattern is formed.

Stop loss under the price pivot …

#SBER

Stock markets are recovering from a pandemic-induced collapse.

Sberbank shares are trading in the range of 150 and 365 moving averages. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

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

#MMM

The overall trend is downward. The resistance level of 151.00 held back buyers. If the price fixes below the support level of 145.00, it will decline further. Stochastic Oscillator also signals overboughtness.

Trading recommendations:

Sell below 145.00.

Stop loss: 151.00.

Target levels: 139.50; 131.00.

The #MMM rate online: …

EURRUB

The has pair turned down amid the falling demand for risk assets. At the same time, it's still trading within the range of 1.0760–1.1015, where it’s likely to remain for the next week. The pair will be under pressure today.

Technical side:

The price is below the middle Bollinger …