11.08.2022
The EURUSD pair was able to break the resistance level 1.0250 and reached the next target 1.0340. Before it corrected down and reached the support 1.0300.
Breaking 1.0250 and settling above it is the beginning of the way to end the previous sideways path and start the bullish path.
Moving …
11.08.2022
#DAI
The bulls have tested the upper boundary of the descending price channel and the resistance level of 60.95. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) breaks the sloping …
11.08.2022
Downward wave patterns are truncated. The bears are testing the historical level of 0.9700. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trade idea:
Buy on the formation of an upward wave structure where wave A breaks through the downward sloping truncated channel. …
10.08.2022
Oil prices fell on Wednesday after industry data showed that US crude inventories unexpectedly rose last week, indicating a potential hiccup in demand, though supply concerns kept losses in check.
At 0323 GMT, Brent crude futures were down 23 cents, or 0.2%, to $96.08 per barrel. The price …
10.08.2022
Gold continues its bullish movement, as it tested the resistance level of 1800.00 yesterday, then rebounded from it in a correction for the bullish path, and reached the support at the lower limit of the ascending channel within which it is moving, as well as the moving average level 20. …
10.08.2022
The GBP/USD pair is moving sideways to the downside. Yesterday, it tried to test the EMA50 level and failed to breach it to return to the lower movement.
The moving averages are pressing the price to decline further, as it is in a descending arrangement above it, and there is …
10.08.2022
There is nothing new about the euro movement against the dollar, as it continues to move sideways between levels 1.0250 and level 1.0170.
Therefore, we maintain our previous expectations in our earlier reports.
The expected trading range for today is between the support 1.0140 and the resistance 1.0300.
Support: 1.0200—1.0170—1.0100. …
10.08.2022
#BA
The general trend is downward. On the H4 timeframe, a "shooting star" reversal pattern was formed. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought.
Trading idea:
Sell on a breakout of 163.00.
Stop-loss: 172.00.
Target levels: 152.80; 142.40.
10.08.2022
Downward five-wave structure truncated. Bullish divergence is indicated on the Awesome Oscillator and Stochastic Oscillator indicator.
Trading idea:
Buy on the formation of an ascending wave structure, where wave A breaks the pivot 2 of wave 5 (0.6639).
Stop-loss under the local minimum of the descending structure.
Target levels: 0.6658; …
09.08.2022
There is nothing new about the movement of the Pound Sterling against the Dollar, as the pair continues its bearish trend despite the correction that is taking place, which is expected to end near the EMA50 level.
The rebound movement comes with positive support from the stochastic indicator, which forms …
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