Daily reviews

#AA

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; …

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 …

The single currency fluctuated the euro in a narrow range slashing up during the Asian session to witness its rebound to the second session from the lowest since the seventh of April this year against the US dollar on the threshold of developments and economic data expected Thursday by the …

Gold price futures fluctuated in a narrow range that tilted toward a decline during the Asian session, to witness its bounce back for the fifth session in eight sessions from its highest since October 5, 2012, disregarding the US dollar index rebound from its highest since the seventh of this …

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 seven sessions from the lowest since early April, when it tested the lowest since 18 March against the Japanese yen, after the economic data that …

EURUSD

The pair remains under pressure in anticipation of the final EU economic support decision. If no effective support measures are taken, expect the further decline of the pair.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% …

EURNZD 

The 1.8290 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator and Stochastic Oscillator. The ascending truncated H1 level pattern was completed by breaking through the inclined channel.

Trading recommendations:

Sell while a descending structure is forming below 1.8063.

Stop loss: 1.8290.

Target levels: …

The Australian dollar rose during the Asian session to witness its bounce to the second session from the lowest since April 9 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected …

The single currency fluctuated the euro in a narrow range slanted toward decline during the Asian session to witness its rebound to the fifth session in six sessions from the top since the beginning of April this year against the US dollar amid the scarcity of economic data by the …

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from the lowest since April 6, while the US dollar index rebounded for the fifth session in six sessions from the lowest since 30 March, according …