Daily reviews

The pair remains under extrene pressure amid expectations of a strong drop in global economic growth due to the impact of the coronavirus on global business and economic activity, which leads to a drop in demand for commodity assets. The Australian dollar is a commodity currency.

The price is below …

Despite the obvious downtrend, the bears are weakening, while forming truncated wave patterns on the chart, which results the formation of a reversal wave pattern. Bullish divergence has formed on Awesome Oscillator.

Trading recommendations:

Buy strictly while an ascending wave pattern is forming, where the wave (A) breaks through the …

The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce to the second session from the lowest since April 7, 2003 against the US dollar amid the growing fears of the spread of the Corona virus epidemic globally and in …

The IT sector is the most protected from coronavirus and lower oil prices. Despite this, the company’s value is falling dramatically amid a general bearish sentiment in global markets. Bears push the stock price to a historic support level of 43.00. Stochastic Oscillator indicatorals oversoldness. Trading recommendations:

Buy from the …

The dollar / yen pair trades suspended between the pivotal resistance levels 107.98 and the support 104.63, and the price faces a strong obstacle at the mentioned resistance, where the moving average 50 meets with this level to add more strength to it, waiting for a strong positive incentive contributing …

Gold futures fell during the Asian session to witness their bounce for the seventh consecutive session from their highest since December 18, 2012, while losing sight of the US dollar index bouncing back from its third session since February 27, according to the inverse relationship between them with the growing …

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its rebound to the fifth session in seven sessions from its highest since the second of late January 2019 against the US dollar on the threshold of developments and economic data …

The Australian dollar continues to move within a narrow range tilted back down during the Asian session to witness to continue to decline for the seventh consecutive session against the US dollar on the cusp of developments and economic data expected on Tuesday by the US economy, the largest economy …

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal was formed below the 135 moving average. Breaking through the start fractal will result in the formation of a 1-2-3 descending pattern within the overall downtrend.

Trading recommendations: …

Gold price remains in a short-term downtrend. The coronavirus situation continues to have a negative impact on gold prices. The situation will not change in the short term.

The price is below the average line of the Bollinger band, below SMA 5 and SMA 14. RSI balances above the oversold …