Daily reviews

Global stock markets continue to decline. The resistance level of 391.00 holds back buyers. A strong bearish divergence is forming on Awesome Oscillator, and Stochastic Oscillator showed an exit from the overbought zone.

Trading recommendatoins:

Sell below 368.00.

Stop Loss: 391.00.

Target levels: 343.00; 323.00.

The US dollar fell during the Asian session to witness its bounce back to the fifth session in seven sessions from the top since April 25, 2019 against the Japanese yen after the developments and economic data that were reported by the Japanese economy and on the cusp of developments …

The demand for risk assets will continue dropping due to the remaining mood of panic in the market, which means that the Japanese yen, as a safe-haven currency, will be in demand. Considering the circumstances, we believe that there’s a greater likelihood of a further decline than growth.
The price …

The overall trend is upward according to the 365 and 135 moving averages. The round intermediate level of 112.50 holds back sellers. Awesome Oscillator shows a bullish divergence. The descending H2 level pattern is probably a wave (B) of the ascending H4 level pattern.

Trading recommendations:

Buy strictly while an …

The Australian dollar versus the US dollar succeeded in achieving our awaited target at 0.6560 after the negative trading resumed yesterday, and a further decline appears within the descending channel that appears in the picture, which supports the chances of the continuation of the descending wave in the short term, …

Cisco shares fell significantly and exceeded the first support level at point 43.88, to settle below it, and the next level reached the value at 43.03.

The stock is now moving below the moving averages that are moving above the price and forming resistance levels and pressuring it to decline. …

The single currency, the euro, rose during the Asian session to witness its resumption from its lowest since the second half of April 2017 for the fourth session in six sessions against the US dollar on the cusp of developments and economic data expected today Thursday by the economies of …

Gold price futures fluctuated in a narrow range tilted to the upside during the American session amid the US dollar index rebounding for the fourth session in six sessions from the top since April 21, 2017 according to the inverse relationship between them on the cusp of developments and economic …

The US dollar fell during the Asian session to witness its bounce back to the fourth session in six sessions from the top since April 25, 2019 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data …