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The Australian dollar versus the US dollar shows some bearish tendency to approach the bullish channel support test, accompanied by the stochastic reaching the oversold areas, while the EMA50 continues to support the price from below.

Thus, we will continue to favor the bullish trend unless the 0.6407 level is …

AUDUSD

The pair is consolidating above 1.2540 as the British PM Boris Johnson reports that the country's coronavirus epidemic has reached the peak and its negative impact will begin to decline soon. From a technical point of view, the pair remains in a short-term uptrend, which will lead to an …

#ADS

 Global stock markets are recovering as the lockdowns are eased. The downward presumed correction (H8 wave) ended with a breakdown of the inclined channel. Breakout of the level 218 will result in the formation of an ascending wave pattern within the wave C of an ascending level H8 pattern. …

EURUSD
The price pivot zone of 1.0892 is actively holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The ascending H4 level pattern is truncated.

Trading recommendations:

Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel …

EURUSD

The pair is rising amid the growing demand for risk assets in anticipation of today’s ECB monetary policy meeting. It’s not expected to result in a decision to extend the stimulus measures. This would be positive for the currency, which is ahead of the dollar in this regard. Positive …

The Australian dollar fell during the Asian session to witness its rebound from above since March 10 against the US dollar, following developments and economic data that it had reported on the Australian economy, and in the wake of developments and economic data that were followed by the Chinese economy, …

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 in three sessions from its highest since April 22 against the US dollar on the cusp of developments and economic data expected today Thursday by …

Gold price futures fluctuated in a narrow range tilted toward a decline during the Asian session amid the rise of the US dollar index according to the inverse relationship between them after the developments and economic data that were reported by the Chinese economy as the largest consumer of metals …

The US dollar fluctuated in a narrow range slanting toward a decline during the Asian session against the Japanese yen, following the developments and economic data that it followed from the Japanese economy and on the cusp of developments and economic data expected Thursday by the US economy and in …

The US dollar fell during the Asian session to witness its lowest since March 17 against the Japanese yen, amid the scarcity of economic data by the Japanese economy due to a holiday in Showa in Japan and on the cusp of developments and economic data expected on Wednesday by …