Daily reviews

USDSEK

The overall trend is upward. The descending truncated H4 level pattern ended with a breakout of the inclined channel. Bullish divergence has formed on Awesome Oscillator. A breakout of 10.0845 will result in the formation of an ascending H1 level pattern within the overall uptrend.

Trading recommendations:

Buy above …

USDCAD

The pair is gradually declining amid the strong growth in crude oil prices which rose more than 10%. The positive opening in Europe, as well as the positive movement of the US stock index futures, may support a further local decline of the pair. In general, a flat trend …

The fluctuation of the US dollar in a narrow range tilted toward retreat, to witness its bounce to the fifth session in seven sessions from the top since February 21 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on …

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness its rebound from the lowest since March 24, when it reflected the best daily performance since September 17, 2008 amid the dollar index resumed its rebound from the lowest since March 17 …

The single currency euro fell during the Asian session to witness its bounce to the fourth session from the top since March 17 against the US dollar on the threshold of developments and economic data expected today Wednesday by the economies of the euro area and the US economy the …

The Australian dollar fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the second consecutive session from the top since March 16 against the US dollar following the developments and economic data that they followed about the Australian economy, which included the …

AUDUSD 

The overall trend is downward. The 0.6210 resistance level is holding back buyers. The ascending H4 level pattern ended with a breakout of the inclined channel. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness. Breaking through the support level of 0.6080 will result in the formation of …

#TATN

Oil prices continue to update the lows, and the problem is no longer in the inability or unwillingness of the OPEC+ countries to agree on a reduction in oil production, but in the low demand due to the global quarantine measures in response to the COVID-19 pandemic outbreak.

The …

AUDUSD

The COVID-19 situation forces investors to exercise caution, which is expressed in limited purchases and sales of assets. The factor of uncertainty still hangs over the markets. The expected extremely weak US employment data from ADP today and from the Department of Labor on Friday puts pressure on the …

USDCAD

The recovery of crude oil prices amid the extremely positive PMI in China, which rose above the key value of 50 to 52.0, may put pressure on the pair and contribute to its local decline. Rising stock indices and demand for risk assets will also contribute to this.

The …