Daily reviews

The EUR/USD pair reached the resistance level of 1.0750, therefore, the price is considered to have achieved the first target for the bullish movement, which is likely to extend to the next level at the value of 1.0830. As the price is moving steadily within an ascending path, within the …

#ABT

The trend is descendant. The ascendant truncated wave structure is traded between 365 and 135 moving averages. 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 …

The ascendant wave structure is truncated. Bulls have tested the moving average 200. 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 descendant truncated structure.

Stop-loss is over …

News of the day, Thursday, May 26

Asian shares continue to slip today as minutes from the Fed’s meeting in May showed that the majority of the policymakers support 0,5% interest rate hikes in June and July.

Oil prices rose today after several days of a rally on signs of …

Gold achieved its bearish target and reached the support level 1845.00 within the bearish correction that it is making after previously achieving the target and reaching the resistance 1870.00 near the upper line of the ascending channel within which it is moving.

Currently, gold is considered to be in a …

The pound against the dollar continues its bullish movement and returns to test the 1.2590 resistance level again after it bounced off the 1.2490 support during yesterday's trading.

Therefore, the price completes the bullish scenario supported by the movement above the trend line and also from the moving averages, in …

The euro against the dollar pair achieved its initial goals, as it reached the lower line of the ascending channel within which it is moving, by correcting the bullish path after it previously reached its target at the upper line of the channel. Thus, it continues the upward movement within …

The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator signals overbought conditions. The support level 132.69 restrains buyers.

Trading idea:

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

Stop-loss is over the …

News of the day, Wednesday, 25 May

Asian stocks rose today despite central banks’ intent to increase interest rates and global worries about slower economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%, while Japan’s Nikkei 225 slipped 0.04%.

The dollar index strengthened after achieving the lowest …

Gold continues in the bullish path within the ascending channel that appears in the chart after it confirmed breaking the resistance 1845.60 and settled above it. Therefore, the upside scenario remains to dominate the price movement, and the targets will be levels of 1875.00, then 1890.00.

The averages support the …