Daily reviews

The GBP/USD pair is testing the 1.2200 support level, which constitutes the minimum for the two-week sideways movement. And that after it breached the level of the moving averages, which are now moving above the price. It is also affected by the negativity of the stochastic indicator.

Therefore, the bearish …

Gold is traded in the span of the descendant price channel’s lower border. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when level 1823.00 is breached.

Stop-loss: 1818.00.

Target levels: 1824.40; 1840.00.

News of the day, Tuesday, June 28

Oil prices jumped today as G7 nations have announced to strengthen sanctions against Russia. Brent crude futures rose 1.21%, and WTI crude futures were up 1,2%.

Stock indexes rose around the globe as China eased quarantine requirements. MSCI’s broadest index of Asia-Pacific outside …

#BA

The trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C of the ascendant structure is breached.

Trading idea:

Sell when level 136.08 is breached.

Stop-loss: 142.00.

Target levels: 130.20; 113.50.

The EUR/USD pair was able to confirm the breach of the resistance level 1.0550 and is moving steadily towards the next target 1.0600, with positive support from the moving averages. But we should pay attention to the negativity of the stochastic indicator, due to which we are likely to witness …

There is nothing new about the sideways movement of the pound sterling against the dollar, as it continues in the sideways path, after yesterday it approached the resistance 1.2340, but it returned to rebound down to the level of the moving averages. Let's keep the movement neutral until the price …

Gold was unable to maintain the gains that opened the week's trading, as it returned to the decline and tested the support level 1827.20 and breached it in an attempt to start a downward path that will extend to the levels of 1810.90 and then 1800.00.

The stability of trading …

The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss is under the local …

News of the day, Monday, June 27

The U.S. dollar fell slightly off its 20-year high of 105.79. The dollar index was down 0.35% at 103.608.

European stocks jumped to their two-week highs with the STOXX 600 index up 0.7%.

The rouble weakened today as Russia entered into a sovereign …

The EURUSD pair continues the bullish movement that started with the rebounding from the EMA50, and it reached its first target at the resistance level of 1.0550, and it is trying to break it at the moment of writing this report.

The bullish movement comes under the influence of the …