24.04.2020
The Australian dollar versus the US dollar tested a pivotal resistance 0.6407 and started bouncing down from there, to keep the downside scenario effective for the next period, supported by the negative signal provided by the stochastic indicator now, and the price needs to exceed 0.6320 to facilitate the task …
24.04.2020
The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its rebound to the seventh session in eight sessions from the top since early April and to prepare for the second consecutive weekly losses against the US dollar on the cusp …
24.04.2020
Gold price futures fluctuated in a narrow range tilted toward a decline during the Asian session amid the US dollar index rebounding to the seventh session in eight sessions from the lowest since March 30, according to the inverse relationship between them on the threshold of developments and economic data …
24.04.2020
Gold price futures fluctuated in a narrow range tilted toward a decline during the Asian session amid the US dollar index rebounding to the seventh session in eight sessions from the lowest since March 30, according to the inverse relationship between them on the threshold of developments and economic data …
24.04.2020
The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce to the fifth session in eight sessions from the lowest since early April, when it tested the lowest since 18 March against the Japanese yen, after the economic data that …
24.04.2020
The price pivot zone of 0.6232 is holding back buyers. A bearish divergence has formed on Awesome Oscillator. The ascending H12 level pattern is truncated.
Trading recommendations:
Sell while a descending wave pattern is forming, where the wave (A) breaks through the inclined channel of an ascending truncated H12 …
24.04.2020
The price pivot zone of 29.80 is holding back buyers. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 28.28 will result in the formation of a descending pattern 1-2-3.
Trading recommendations:
Sell at the breakout level of 28.28.
Stop loss …
24.04.2020
The pair remains under pressure as the EU announces a stimulus package to support the economy. It turned out to be smaller than expected—1 trillion euros instead of 2 trillion. Moreover, the meeting didn’t clarify the details of the deal, which will weaken the pair in the short term. …
23.04.2020
The overall trend is downward. The resistance level of 8.00 holds back the bulls. A wedge trend continuation pattern has formed. Breaking through the support level of 7.00 will result in a further decline within the overall downtrend.
Trading recommendations:
Sell below 7.00.
Stop loss: 8.00.
Target levels: 6.00; …
23.04.2020
The Australian dollar fluctuated in a narrow range slanting toward decline during the Asian session, to witness its bounce to the fourth session in eight sessions from its highest since last March 12 against the US dollar after the developments and economic data that it had reported on the Australian …
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