Daily reviews

Major currency pairs show quiet and weak trading with the opening of the week, due to the impact of the financial markets holiday, and therefore, the scenarios proposed in last Friday's report will remain intact.

 As the EURUSD pair continues to rise to the outskirts of the 1.0966 level, and …

Major currency pairs show quiet and weak trading with the opening of the week, due to the impact of the financial markets holiday, and therefore, the scenarios proposed in last Friday's reports will remain as they are

As the Australian dollar versus the US dollar resumes its positive trading significantly, …

AUDUSD

The pair is trading higher amid the strengthening demand for commodity assets as the economic activity in China is recovering, and investors expect the coronavirus pandemic to peak and subsequently recede. This will only contribute to the strengthening of the Australian currency.

Technical side:

The price is above the …

The US dollar fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the third session in five sessions from the top since March 27, while it is still in the process of its second consecutive weekly gains against the Japanese yen after …

Gold futures rose during the Asian session to witness the highest since November 23, 2012 with the negative stability of the US dollar index according to the inverse relationship between them after the developments and economic data that were reported by the Chinese economy as the largest consumer of metals …

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce back for the third session in five sessions from the lowest since March 25 against the US dollar on the cusp of developments and economic data expected Friday by France, …

#HD

The stock is trading in the range of 365 and 135 moving averages directed downward. An ascending truncated pattern has formed. MACD shows a bearish divergence, Stochastic Oscillator signals overboughtness.

The #HD rate online: monitor the movement of shares in real time.

Trading recommendations:

Sell while a descending wave …

The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to prepare in connection with weekly gains against the US dollar amid the scarcity of economic data in the last sessions of the week by the Australian economy because of the Good Friday holiday …

AUDUSD

The pair remains in a short-term uptrend amid the more positive global market sentiment and hopes that the peak of the coronavirus pandemic is just around the corner. The pair is also supported by the recovery of economic activity in China after the pandemic, increased demand for commodity assets, …

Analysis based on round-number levels, price channels and modified Elliott Waves

GBPUSD 

The 1.2480 resistance level is holding back the bulls. An ascending truncated H4 level pattern has formed. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.

The GBPUSD rate online: monitor the movement of …