Daily reviews

There is nothing new about the movement of the pound sterling against the dollar, as the pair continues to move sideways in the medium term between the support level of 1.2200 and the resistance of 1.2340 to continue to remain neutral in the movement.

Technical indicators are giving mixed signals …

Gold continues to move sideways in the medium term between the support level of 1827.20 and the resistance of 1846.70.

It opened today's trading on a bullish price gap above the moving averages and reached the initial resistance at the value 1838.65.

In general, the sideways movement is dominating the …

#MCD

The descendant wave structures are truncated. 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 truncated structure.

Stop-loss is over the local maximum of the ascendant …

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The pivot 2 of the wave C of the descendant structure of level H2 is breached.

Trading idea:

Buy when level 0.9602 is breached.

Stop-loss: 0.9520.

Target levels: 0.9690; 0.9980.

News of the day, Friday, June 24

European stock futures were up today, boosted by the previous Wall Street rally. The DAX futures climbed 0.6%, CAC 40 futures rose 1.1%, and the FTSE 100 futures were up 0.7%.

The U.S. dollar slipped today amid global inflation worries. The Dollar index …

The EUR/USD pair was unable to stabilize above the resistance level at 1.0550, and bounced down to near the main support 1.0475, then returned to rise with today's trading, under the positive influence of the moving average 50, which pushed the price to rise. Also, the stochastic indicator is positive. …

The pound against the dollar continues to move sideways, as it failed to break the 1.2200 support for the third time and rebounded upwards towards the 1.2340 resistance. Therefore, it maintains trading stability above the mentioned support level, and this reinforces the hypothesis of the bullish scenario, which is confirmed …

Gold continues to fluctuate sideways between the support level 1827.20 and the resistance 1846.70.

It returned to test the support and managed to breach it slightly, and we await confirmation of the break until confirming the start of the bearish path, which is likely to extend to the level of …

#JPM

The mirror level 111.45 restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.

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: 111.45.

Target levels: 123.00; 128.56.

The general trend is ascendant. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant structure is breached.

Trading idea:

Buy when level 85.080 is breached.

Stop-loss: 84.270.

Target levels: 85.80; 86.50.