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The pound against the dollar continues its bearish movement after it previously achieved the bullish corrective bounce and approached the 1.2000 resistance, then returned to complete the descending path and approached its first target at the 1.1800 level.

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

The EURUSD pair approached the main target at the value of 1.0000, continuing the descending path extended for nearly a month. Therefore, the price is likely to be able to break this level and the target will be 0.9950.

Therefore, the bearish scenario continues to exist and is effective during …

The support level 0.8432 and the lower border of the Ichimoku cloud restrain sellers. 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 through the inclined channel of …

Commodities market

Oil prices continue to fall as COVID-19 once again floods China, the biggest crude importer. Brent crude futures were down 1.3%, and WTI crude futures slid 1.4%.

Key tickers:

Brent: 105.57 — strong sell.

WTI: 102.48 — strong sell.

NG: 6.510 — strong buy.

Foreign exchange market

The …

Commodities market

Oil was down today as investors worried about the new highly infectious COVID-19 variant discovered in Shanghai, China. Brent crude fell 0.54%, and WTI crude slid 0.87%.

Key tickers:

Brent: 105.60 — strong sell.

WTI: 103.22 — strong sell.

NG: 6.352 — strong buy.

Foreign exchange market

The …

The ascendant wave structure is 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: 93.70.

Target levels: 91.71; 91.15.

#BA

The trend is descendant. The share is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The entry point is forming on the pullback B.

Trading idea:

Sell when level 137.18 is breached.

Stop-loss: 142.30.

Target levels: 131.20; 125.18.

The EURUSD pair continues its bearish movement, under the negative influence of the stochastic indicator and the moving averages. Therefore, the bearish scenario remains effective during the upcoming period on a short and intraday basis. The main target will be the 1.0000 level.

You should pay attention to the price's …

The pound against the dollar tried to move upwards and breach the resistance level 1.2000, but it failed due to the negative pressure of the EMA50. To form a new wave of the bearish movement, which is likely to continue to 1.1900 levels.

In general, we will continue to suggest …

Gold is moving sideways during last week's trading, after it settled below the support level at 1746.80.

The negative signal that comes from the stochastic indicator and the negative pressure of the 20-50 moving averages on the price increases the possibility of continuing the bearish path over the medium and …