Daily reviews

The euro against the dollar pair opened today's trading positively, as it was based on the support level 1.0475, and it shot up and is approaching the first resistance level near the EMA50, with the aim to reach the level of 1.0560.

The previous movement comes under the positive influence …

The pound sterling against the dollar opened today's trading positively, as it bounced off the 1.2190 support and is trying to rise towards the EMA50, which is the first target to rise and its breach will enhance the opportunity to continue the bullish movement, which started with the price's rebound …

The support level 1.3076 restrained buyers. 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: 1.3076.

Target levels: 1.2859; …

News of the day, Friday, June 17

The US dollar rose today with strong gains against the Japanese yen, as the Bank of Japan maintained its easy monetary policy. The Dollar index traded 0.8% higher, and USD/JPY rose 1.6%.

Due to aggressive monetary policy moves, European stocks are expected to …

The EUR/USD pair traded with positivity yesterday, as it reached the resistance level of 1.0550, then rebounded from it to the downside in a correction to the bullish track, and it is currently approaching the level of 1.0510, which constitutes its first support levels.

This movement comes with a negative …

The pound against the dollar rose strongly during yesterday's trading, and breached the resistance level 1.2370, then returned to decline in a bearish correction and approached the support 1.2250.

The bullish bias will be expected for today, noting that breaking 1.2205 will stop the bullish scenario and pressure the price …

Gold prices rose and reached the resistance level of 1856.15, after which it rebounded with a correction of the descending path to the support level of 1840.00, where the price is approaching the moving averages, which form the first support levels for it.

The lower correction movement comes under the …

#RRC

The general trend is ascendant. The descendant wave structure is truncated. 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, where the wave (A) breaches through the …

The ascendant 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.

Target levels: 1.2859; 1.2550.

News of the day, Thursday, 16 June

The U.S. Federal Reserve raised rates by 0.75% to 1.75%, which is the largest rate hike since 1994.

Asian shares fell following the Fed’s decision, with Hang Seng down 1.31% and MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.46%.

Oil prices …