Daily reviews

USDCAD 

An ascending H2 level pattern has formed on the chart. The wave (A H2?) broke through the inclined channel of the descending pattern, the expected correction (on H2) tested 50% on fibo and the price pivot zone of 1.4000. A breakout of 1.4078 will result in the formation of …

#INTC

On April 20th, we already recommended buying Intel stock CFDs at the breakout level of 48.80. The shares are now trading flat after the predicted growth, as can be seen now. The flat range’s lower border (56.70) is holding back sellers. A breakout of 59.27 will result in the …

EURUSD 

The pair remains under strong pressure as Germany’s constitutional court calls on the ECB to justify the broad stimulus measures, threatening to halt the Bundesbank’s participation in the scheme. If this situation comes to a standstill, the pair is likely to continue falling. Only the Bundesbank remaining in the …

The US dollar fluctuated in a narrow range slanting to a downward trend during the Asian session against the Japanese yen amid the scarcity of economic data by the Japanese economy at the beginning of this week due to the Constitution Day holiday in Japan and on the cusp of …

Gold price futures fluctuated in a narrow range tilted to a decline during the Asian session to witness its rebound to the seventh session in ten sessions from its highest since April 16 amid the US dollar index rebound for the third consecutive session from the lowest since 30 of …

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce to the third session from its top since the beginning of last month against the US dollar on the cusp of developments and economic data expected today Wednesday by …

The Australian dollar versus the US dollar trades stable above the 0.6407 level, and we notice that the stochastic is getting rid of its negative momentum to approach the oversold areas while awaiting price stimulus to resume the expected bullish trend for the coming period, which depends on holding above …

AUDUSD

The pair corrected up after falling on Friday Amis the rising prices for commodity and commodity assets, as well as following the results of the RBA meeting, which decided to keep the key interest rate at 0.25%. Positive market sentiment may push the pair to further growth.

Technical side: …

EURUSD

The pair dropped due to the claims to Beijing from the US and Donald Trump personally in hiding the spread of the coronavirus epidemic in the country. This caused a drop in demand for risky assets and led to the strengthening of the dollar as a safe-haven currency. If …

The US dollar fluctuated in a narrow range, which is slipping towards decline during the Asian session, to prepare for the third consecutive weekly losses against the Japanese yen after the developments and economic data that were reported by the Japanese economy and on the cusp of developments and economic …