Daily reviews

GBPUSD 

The pair will continue to decline after the upward correction. It’s caused by the renewed Brexit tensions that had temporarily subsided due to the coronavirus pandemic. The issues that remain unresolved will put pressure on the pair in the short term amid the pandemic-stricken economy.

Technical side:

The price …

#SBER

The support level of 183.50 held back sellers. The stock is trading in the range of a descending price channel. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy while an ascending 1-2-3 pattern is forming, strictly on the breakout of the upper …

CADCHF

The 0.6880 support level is holding back sellers. A truncated descending H2 level pattern has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.

Trading recommendations:

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

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

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session, disregarding the rise of the US dollar index for the seventh session in ten sessions from the lowest since March 30, according to the inverse relationship between them after the developments and economic data that …

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session while still preparing for its second weekly losses in a row, on the cusp of developments and economic data expected on Friday by the economies of the euro area, which includes the …

The Australian dollar against the US dollar pair started to bounce up after testing the 0.6407 level, and gets a positive signal through the stochastic, which supports the expectations of the continuation of the bullish trend during the coming period, which begins its goals at 0.6530 and extends to 0.6685 …

EURCHF

A reversal candlestick pattern has formed: inverted head-and-shoulders. The currency pair is trading in the range of the round important 1.0500 level. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy above the round secondary level of 1.0520.

Stop loss: 1.0500.

Target levels: 1.0545; …

EURUSD 

The pair has formed an ascending flag trend continuation pattern. It’s likely to continue to decline amid the Germany-EU dispute over the massive stimulus measures, which may either lead to a euro oversupply in the European financial system due to massive asset purchases by the ECB, or endanger the …

#SBER

The support level of 183.50 held back sellers. The stock is trading in the range of the lower border of a descending price channel. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy while an ascending 1-2-3 pattern is forming, strictly on the …