Daily reviews

The euro currency 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 the seventh of April, while we are still in the process of weekly gains against the US dollar on the cusp of …

The Australian dollar pair against the US dollar broke through the level of 0.6315 and ended yesterday's trading above it, to start the day with an upward trend approaching the level of 0.6407, which indicates the price trend to resume the bullish wave within the upward channel that appears in …

#T

The overall trend is downward. The 31.15 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 29.65 will result in the formation of a 1-2-3 descending pattern within the overall downtrend.

Trading recommendations:

Sell at the breakout of …

GBPUSD 

The overall trend is upward. The descending truncated H4 level pattern ended with the breakout of an inclined channel. Bullish divergence has formed on Awesome Oscillator. Breaking through the round secondary level 1.2520 will result in the formation of an ascending wave pattern within the ascending H12 level pattern …

AUDUSD

The pair turned up amid optimistic news as Gilead reports successful coronavirus drug Remdesivir trial in Chicago with 125 patients. This stimulated the demand for risk assets in Asia, and the same was observed at the opening of trading in Europe. That positive sentiment will push the pair to …

GBPCHF 

A round intermediate level of 1.2150 holds back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken through presumably by the first wave of the forming pattern 1-2-3.

Trading recommendations:

Sell while a pattern …

#KHC

Price pivot zone 28.66 holds back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A break of the support level of 27.40 will result in the formation of a downward 1-2-3 pattern.

Trading recommendations:

Sell below 27.40.

Stop loss:28.66.

Target levels: 26.43; 25.47; …

USDCAD

The pair is turning down due to the rising crude oil prices after Wednesday’s sell-off. The positive dynamics of futures for major stock indices in Europe and the US also puts pressure on the pair. If this positive sentiment persists, while today’s US unemployment claims are fewer, expect a …

The US dollar rose during the Asian session to witness its bounce for the second consecutive session from its highest since early April, when it tested the lowest since March 18 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of …

Gold price futures fluctuated in a narrow range that tilted towards a retreat during the Asian session to witness its bounce for the second session from its highest since October 5, 2012, when it tested the highest for it since November 9, 2011 amid the rise in the US dollar …