Daily reviews

The euro against the dollar was unable to break the resistance level 1.0475, as the bullish correction stopped near this level and then rebounded strongly and approached the main support level 1.0330. The price is likely to test it during the upcoming sessions and try to break it and reach …

The pound against the dollar failed to break the resistance level at 1.2185 and rebounded from it strongly to the downside, thus continuing the bearish path that is expected to extend to the 1.1900 level. With negative pressure from the moving averages and also from the stochastic indicator.

Therefore, the …

Gold prices rose strongly after the US Federal Reserve raised the interest rate, which reflected on prices positively, and this led to a rise in the price from the support level 1810.90 and reached the resistance 1840.00, where the EMA50 stopped the upward movement and pressured the price to decline …

The general trend is ascendant. The descendant wave structure is truncated. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and moving levels of Stochastic Oscillator have left the oversold area.

Trading idea:

Buy when level 135.070 is breached.

Stop-loss: 134.052.

Target levels: …

News of the day, Wednesday, June 15

Oil prices rose today after losses in this session amid concerns over fuel demand and an expected big rate hike by Fed. Brent crude futures were up 0.4%, and WTI crude rose 0.3%.

Euro rose after the announcement of the ECB’s governing council …

Gold continues on the bearish path after testing the resistance level 1827.20 and failing to breach it, rebounding to the downside and reaching the support level 1810.90 and trying to breach it, and completing the bearish scenario to the main support level 1790.00.

Therefore, we will continue to suggest the …

The pound against the dollar continues its bearish movement after it broke the support level 1.2185 and reached the next support 1.2000. The bearish scenario has continued and the target will be the level of 1.1750 in the long term.

We are likely to see some correction to the upside …

The euro against the dollar continues its bearish movement, as it managed to break the support level 1.0475 and settled below it, and the next target will be the level of 1.0330, which is the lowest value of the euro against the dollar in its history.

The moving averages form …

The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when level 93.55 is breached.

Stop-loss: 92.38.

Target levels: 95.00; 96.40.

News of the day, Tuesday, June 14

The U.S. dollar edged lower today, remaining near a 20-year high. The Dollar index traded 0.1% lower at 104.890.

Oil prices increased about $1 today due to tight global supply. WTI crude rose 0.8%, and Brent crude increased 0.9%.

Bitcoin fell 14% yesterday …