Daily reviews

The ascending wave structure is truncated. The Awesome Oscillator indicates 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 inclined channel of the upward truncated structure.

Stop-loss at the local maximum of the ascending …

Gold tested the resistance level 1779.40, as trading settled below it.

Stochastic is giving a positive signal that may push the price to test the level of the 20 and 50 moving averages.

In general, we will continue to suggest the bearish path as long as the price continues to …

The pound against the dollar bounced upwards, and reached the resistance 1.2125 at the EMA50 level, as well as the lower line of the ascending channel that appears in the chart.

We are likely to see a return to the bearish path as a result of the price reaching the …

The EUR/USD pair stabilized around the support level 1.0170, as it breached it slightly and came back to test it again.

We are likely to continue with the bearish scenario, due to the negative signal that comes from the stochastic indicator. Therefore, we may see a drop to the support …

The dollar against the Japanese yen rose to the resistance level of 134.80 in an attempt to return to the bullish path after the bearish wave that was pressing it to decline.

Technical indicators are giving mixed signals in the movement as the stochastic indicator is giving a negative signal …

Gold traded at the support level of 1779.40 after the strong decline that occurred yesterday, which led to the price falling from the resistance level of 1802.60, penetrating several levels of support.

The positive signal that comes from the stochastic indicator supports the chance of stabilizing trading above the support …

The dollar against the Japanese yen pair stabilized around the resistance level 133.30, after it rebounded upwards yesterday after an attempt to correct it. Benefiting from the positivity of the stochastic indicator that supports the bullish correction.

The price movement is trapped between the EMA 20 from below and the …

The pound against the dollar has completed the bearish movement after it breached the support level at the lower end of the channel that appears in the chart. Therefore, the price is approaching its first support level at the level of 1.2040, and the target will be the main support …

The EURUSD pair completed the bearish movement and was able to exit the ascending channel within which it was moving. It reached the main support 1.0170, affected by the negativity of the stochastic indicator and the negative pressure of the moving averages on it.

If the price breaks the support …

Commodities market

Oil prices fell on Thursday after rising more than $1 in the previous session, as concerns about supply disruptions subsided and markets sought signs of improved fuel demand.

By 0642 GMT, Brent crude futures had fallen 7 cents, or 0.1%, to $97.33 per barrel, while West Texas Intermediate …