Daily reviews

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. …

Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session, condoning the decline in the US dollar index for the second consecutive session from its highest since April 24, according to the inverse relationship between them on the threshold of developments and economic data expected …

The dollar against the yen trades bounced lower after testing the 107.68 level, and as we indicated yesterday, this level represents the resistance of the sideways range that confines the intraday trading, and whose support level is at 106.44, to make the bearish bias likely for the day.

In general, …

EURUSD

The pair is turning up, remaining in a wide range of 1.0750–1.1000 amid the risk of a new wave of coronavirus pandemic. Also, investors seem hesitant to actively buy the dollar ahead of Jerome Powell’s speech.

Technical side:

The price is above the middle Bollinger band, above SMA 5, …

AUDUSD 

The general trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The presumptive corrective pattern (level H1) culminated by breaking through the inclined channel. A break of 0.6483 will result in the formation of an upward wave pattern within …

#MMM

The general trend (at H1) is upward. The support level of 145.0 is holding back sellers. A downward truncated pattern has formed, and a bullish divergence has formed on Awesome Oscillator.

Trading recommendations:

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

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

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce back for the third session in four sessions from the lowest since April 24 against the US dollar and amid the scarcity of economic data by the euro area economies …

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session, disregarding the rise of the US dollar index to its highest level since April 24, according to the inverse relationship between them after the developments and economic data that we adopted today, Tuesday, on the …