Daily reviews

AUDCAD

The 0.9000 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. An ascending truncated H4 level pattern has formed.

Trading recommendations:

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

#ROSNEFT

Сrude oil continues to fall in the global markets. Brent was trading at 15 USD per barrel, a price of mid-1999. This is a very serious challenge for crude oil companies. An ascending truncated pattern has formed on the chart (M5). The 306.88 resistance level holds back buyers. Stochastic …

The Australian dollar fell during the Asian session to witness its bounce back for the third session in six sessions from its highest since last March 12 against the US dollar after the disclosure of the minutes of the Australian Central Bank meeting and before the expected talk to the …

The euro currency fluctuated in a narrow range slanting back down during the Asian session to witness its bounce to the fourth session in five sessions from the top since the beginning of April this year against the US dollar on the threshold of developments and economic data expected today …

Gold price futures fluctuated in a narrow range that tilted toward a decline during the Asian session, to witness its bounce for the fourth session in six sessions from its highest since October 5, 2012 amid the US dollar index rebound to the fourth session in five sessions from the …

The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce to the seventh session in the twelve sessions from the top since March 27 against the Japanese yen amid the scarcity of economic data by the Japanese economy and …

EURUSD

The pair consolidates above 1.0825 in anticipation of the new ZEW economic sentiment index for the eurozone and Germany. Negative values caused by chaos in the European Union due to the coronavirus impact can lead to a new local drop in the price.

Technical side:

The price is below …

EURJPY

The support level of 116.34 holds back sellers (a false breakout has formed). The descending H12 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

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

#MMM

The price pivot zone of 151.00 holds back buyers. Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken by the formation of a descending 1-2-3 pattern.

Trading recommendations:

Sell below 143.00.

Stop loss: 151.00.

Target levels: 131.00; 123.00.
The #MMM savers online: monitor the movement …

The Australian dollar versus the US dollar provided quiet positive trading to gradually approach the level of 0.6407, and we are still waiting for the breach of this level to confirm the rush towards our next positive target of 0.6685.

In general, we continue to favor the bullish trend for …