Daily reviews

The trend is descendant. The currency pair is traded between 365 and 135 EMA. Awesome Oscillator indicates bearish divergence. The ascendant wave structure is truncated.

Trading idea:

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

Stop-loss is …

Commodities market

Oil prices rose today, extending the previous session’s $5 gains. Brent crude futures rose 5.1% yesterday and continue today with 0.3%. WTI crude futures rose 0.33% today.

Key tickers:

Brent: 106.30 — strong buy.

WTI: 99.50 — strong buy.

NG: 7.458 — strong buy.

Foreign exchange market

The …

Gold was unable to break the support level 1700, as it tested this level with the closing of last week's trading, and rebounded from it to the upside in a correction of the descending path to the moving average level 20, which formed the first resistance areas for the price. …

The GBP/USD pair achieved its target and reached the resistance level at the average 50 as an upward correction move, and therefore we are likely to see the price return to the downside, as the 50 EMA is in the form of price resistance near the upper line of the …

#GLEN

The general trend is ascendant. The descendant wave structure is 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 the inclined channel of the descendant truncated structure.

Stop-loss: 3.9560.

Target levels: 4.4300; …

The trend is descendant. The currency pair is traded between 365 and 135 EMA. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

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

Stop-loss is over …

Commodities market

Oil prices continued gains fueled by a weaker dollar and tight supplies. Brent crude futures rose 0.7%, and WTI crude rose 0.3%. 

Key tickers:

Brent: 102.50 — strong buy.

WTI: 95.68 — strong buy.

NG: 7.153 — strong buy.

Foreign exchange market

The dollar is down today as …

#MS

The descendant wave structures are truncated. The false breach of the descendant’s wave A pinnacle has happened, and the reverse pattern Pin bar has formed on the timeframe H4. Awesome Oscillator indicates bullish divergence, and stochastic Oscillator’s moving levels left the oversold area, forming bullish divergence.

Trading idea:

Buy …

The descendant wave structures are truncated. Pivot 2 of the main descendant structure is breached. The support level of 10.233 restrains sellers. Awesome Oscillator indicates triple bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms.

Stop-loss is under support level 10.233.

Target …

Commodities market

Oil prices rose today amid the outlook of a less aggressive rate hike in the U.S. Brent crude futures for September rose 1%, and WTI crude rose 0.7%.

Key tickers:

Brent: 98.81 — strong sell.

WTI: 95.36 — strong sell.

NG: 6.685 — strong buy.

Foreign exchange market …