Daily reviews

Gold continues its bearish movement, as trades settled below the support level of 1746.80 in confirmation of breaking the mentioned support level, and therefore the bearish scenario remains active during the upcoming period, and the first target will be the level of 1783.00 and it is likely to extend to …

The pound against the dollar rose towards the resistance level 1.2000, in an attempt to correct the downside path and start a new ascending path. But the presence of the EMA50 above the price constitutes a resistance level for it.

The negative signal that comes from the stochastic indicator remains …

The EUR/USD pair continues its low movement after it settled below the support level of 1.0200, and therefore the bearish scenario remains active during the upcoming period, and the target will be the level of 1.0150, then 1.0100.

The moving averages are pressing the price to decline further, as it …

#RRC

The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Bears have tested the lower border of the ascendant price channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms.

Stop-loss: 23.30. …

The ascendant wave structures are truncated. The round intermediate level 0.9750 restrains buyers. 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 …

Commodities market

Oil rose slightly today amid global supply concerns. Brent crude futures rose 0.5%, however, both WTI and Brent are still set for a second weekly loss. The $10.73 tumble was the third largest since Brent started trading.

Key tickers:

Brent: 104.70 — sell.

WTI: 102.44 — strong sell. …

Commodities market

Oil reversed after the previous two days of losses, with Brent crude futures rising 0.51% and WTI crude futures up 0.56%.

Key tickers:

Brent: 101.13 — buy.

WTI: 98.91 — strong buy.

NG: 5.565 — buy.

Foreign exchange market

The U.S. dollar was down today despite rate hikes …

The euro against the dollar continues to decline very strongly and achieve low prices that it has not seen in two decades, as it approached the target at the value 1.0150 before rebounding upwards with an upward correction towards the moving average 7 affected by the signal that comes from …

The pound against the dollar stabilized by moving below the support level of 1.1990 and is moving sideways under this level, and the downward movement was stopped by the effect of the positive signal from the stochastic indicator that moved upwards from the oversold area.

In general, we continue to …

#LENOVO

The general trend is ascendant. Bears tested the historical support 7.02. Awesome Oscillator indicates bullish divergence.

Trading idea:

Buy when the 4-hour candle holds above 7.16.

Stop-loss is under the historical level 7.02.

Target levels: 7.44; 8.00.