Daily reviews

The pound against the dollar was able to breach the resistance level of 1.2175 and is trying to stabilize above it in an attempt to complete the bullish path and reach the next target at the value of 1.2260, which it approached at the end of last week's trading.

In …

The euro against the dollar continues to move sideways between the level 1.0250 as a resistance level and the level of 1.0170 as a support level, as it did not form any new movement for more than a week, to continue our expectations for the price movement last week. We …

#BAC

The general trend is downward. The currency pair is trading in the 365 and 135 EMA range. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator indicator.

Trading idea:

Sell on the formation of a downtrending wave structure where wave (A) breaks the …

The general trend is downward. Resistance level 1.4127 is holding back the buyers. A reversal pattern "Key level" is forming.

Trading idea:

Sell on a breakout of 1.4103.

Stop-loss for the resistance level 1.4127.

Target levels: 1.4080; 1.4047.

Commodities market

Oil was up today as investors focused on the OPEC+ meeting next week when the block will decide the oil output. Brent crude futures were up 0.03%, and WTI crude futures jumped 0.28%.

Key tickers:

Brent: 102.58 — strong buy.

WTI: 97.31 — neutral.

NG: 8.169 — strong …

Gold managed to break the main resistance level 1746.80 and continued rising, and reached the next target at the value of 1765.60, to confirm the continuation of the bullish scenario, whose targets are likely to extend to the level of 1777.00.

The bearish movement comes with positive support from the …

The pound against the dollar continued its bullish movement and managed to break the resistance level 1.2175. It is approaching the next resistance at the value 1.2260 in an attempt to complete the current bullish path.

Technical indicators support the bullish scenario as the averages move below the price within …

The EUR/USD pair rose and reached the resistance 1.0250 again in an attempt to breach this level and start the bullish path. And try to reach the target 1.0330.

The bullish movement comes with positive support from the moving averages and the stochastic indicator.

It should be noted that the …

#FB

The 159.09 support level is holding back the sellers. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator is signaling oversold. A "hammer" reversal pattern has been formed on the daily timeframe.

Trading idea:

Buy on a breakout of 161.46.

Stop-loss under the support level 154.09. …

The general trend is downtrending. The ascending wave structure is truncated. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.

Stop-loss under …