Daily reviews

#JIANGXI

The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.

Stop-loss: 13.01 (over the local maximum …

The trend is ascendant. The currency pair is traded in the descendant price channel’s lower border span. 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.

Stop-loss: 1.4659.

Target levels: 1.4716; 1.4768.

Gold settled above the 1850.00 support level during yesterday's trading, with attempts to end the bearish wave and start an upward movement, and the targets will be 1865.00 and then 1890.00 in the medium term.

In general, the price is moving around the level of the moving averages, and the …

The GBP/USD pair continues to move sideways over the medium term. It tried to test the resistance level 1.2590 again and failed to breach it, to rebound downwards towards the support level 1.2470, which constitutes the minimum sideways path.

The EMA50 is negatively pressing the price and preventing it from …

The euro against the dollar pair returns to rise and test the resistance 1.0750 again in an attempt to breach it, as it tests this resistance for the third time in two weeks.

We notice that the price forms a continuation triangle for us, which is completed by the price …

#CHINAMOB

The trend is ascendant. The support level 50.00 restrains sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when 50.50 level is breached.

Stop-loss: 50.00.

Target levels: 51.27; 52.75.

The reverse pattern “pin bar” has formed on the H4 timeframe with a false breach of the support level. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 16.4103 level will cause the 123 ascendant pattern to form.

Trading idea:

Buy when level 16.4103 …

News of the day, Thursday, June 9

European stock markets are expected to decrease today ahead of the European Central Bank meeting, which is supposed to disclose the schedule of soon interest rate hikes in the EU. The DAX futures in Germany decreased by 0.7%, CAC 40 futures in France …

News of the day, Wednesday, June 8

Oil prices increased about 1% yesterday, with WTI crude above at a 13-week high, as supply concerns worsen: no nuclear deal with Iran and low U.S. oil stocks.

U.S. stocks rallied yesterday with Apple Inc up 1.8%, despite the EU decision to change …

Gold continues to move around the support level of 1846.30, within the channel that appears on the chart, which forms the initial borders of the price movement.

The moving averages pressure the price to come back down as it is moving above it and forming a resistance level. The price …