Daily reviews

Gold price futures fluctuated in a narrow range tilted backwards to witness their bounce for the fourth session in five sessions from the highest since March 9, when it tested the highest for it since December 18, 2012, while still in the process of resuming its monthly gains that stopped …

USDCAD

The recovery in crude oil prices amid the extremely positive data on the business activity index (PMI) in China, which rose above the key mark of 50 points to 52.0 points, may put pressure on the pair and contribute to its local decline. Growth in stock indexes and demand …

NZDCHF 

The resistance level of 0.5795 continues to hold back buyers. The currency pair is trading in the range of 365 and 135 moving averages, where the fast (135 EMA) moving average is below the slow (365 EMA) moving average, indicating a downtrend. A bearish divergence has formed on Awesome …

The single currency, the euro, fell during the Asian session to witness its bounce back for the third session from the top since March 17, to prepare for its third monthly losses in a row and quarterly losses against the US dollar on the cusp of developments and economic data …

The Australian dollar versus the US dollar tested the 0.6097 level with the opening of the day and bounced up from there, on its way to visit the 0.6236 level which represents our first positive goal, with a reminder that breaching this level will push the price to 0.6407 as …

The single currency fell in the euro during the Asian session to witness its rebound to the second session from the top since March 17 against the US dollar on the threshold of developments and economic data expected on Monday by the economies of the euro area and the US …

The Australian dollar fell during the Asian session to witness its bounce for the second session from its highest since March 16 against the US dollar amid the scarcity of economic data by the Australian economy at the beginning of this week and in the wake of US President Donald …

Gold price futures fell during the Asian session to witness its bounce back for the third session in four sessions from the top since March 9, when it tested the highest for it since December 18, 2012 amid the US dollar index rebound for the second session from the lowest …

The US dollar fluctuated in a narrow range slanting toward decline, to witness its bounce for the fifth session from the top since February 21 against the Japanese yen, amid the scarcity of economic data by the Japanese economy at the beginning of this week, and following the extension of …

AUDUSD 

The overall trend is downward. Stochastic Oscillator signals overboughtness. The assumed D2 level wave B (H4 level pattern) has to be completed with a breakout of the inclined channel in order for the downtrend to continue.

Trading recommendations:

Sell while a descending pattern is forming, where the wave (as) …