Daily reviews

The currency pair is traded in the descendant price channel’s upper border span. 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 …

The EUR/USD pair was unable to confirm breaking the resistance 1.0550, as it breached this level temporarily, but it failed to stabilize above it, then rebounded lower and exited the ascending channel and approached the support level of the 5th moving average 50. The target will be to reach the …

The pair sterling against the dollar reached the trend line and failed to break, after which it rebounded lower and returned to the bearish track in the short term, with the goal of testing the 1.2200 support level, with the negative impact of the stochastic indicator and the moving average …

Gold achieved its first target and reached the support level of 1827.20 in an attempt to break this level and return to the descending path, with negative pressure from the technical indicators, as the moving averages are negatively pressing the price as it is within a bearish formation above the …

News of the day, Tuesday, June 21

Oil prices rose today with Brent crude futures up 0.7%, adding to yesterday’s gain of 0.9%. WTI crude futures rose 1.5% from Friday’s close.

Stocks rose on Tuesday after a steep selloff. MSCI’s broadest index of Asia-Pacific outside Japan rose 1.3%, and Nikkei …

The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence. The inclined channel of the ascendant truncated structure is breached.

Trading idea:

Sell when level 1.0513 is breached.

Stop-loss: 1.0546.

Target levels: 1.0445; …

The pound against the dollar continues to move sideways after rebounding from the resistance level of 1.2340, but in general, the bullish scenario remains the most likely for the upcoming period, provided that trading remains above the level of the moving average, which forms its first support levels at the …

#GLEN

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 4.8270 is breached.

Stop-loss: 4.5360.

Target levels: 5.1436; 5.4480.

Gold returns to the sideways movement after it bounced yesterday from the resistance level of 1846.25 and is moving around the moving average level 50 as a support level.

If trading remains above 1835.00, it reinforces the bullish scenario for the upcoming period, and this thing supports the positivity of …

News of the day, Monday, June 20

Asian shares slipped today and Wall Street futures gained a little amid worries about the further monetary policy tightening.

Nasdaq futures firmed 0.3%, the S&P 500 futures were up 0.2%, MSCI’s broadest index of Asia-Pacific outside Japan lost 0.4%, and the Japanese Nikkei …