Daily reviews

CADCHF 

The price pivot zone of 0.6958 holds back buyers. Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 0.6890 will result in the formation of a descending H1 level pattern within the wave C of the descending H8 level pattern.

Trading recommendations:

Sell below 0.6890.

Stop loss: …

#HD

The price pivot zone of 212.20 deters buyers. The ascending wave pattern is truncated. A bearish divergence has also formed on MACD.

Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of an ascending pattern, completing it.

Stop loss beyond …

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 …

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 …

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 …

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 …

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 …

AUDCHF 

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 …

#KHC

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 …

EURUSD

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. …