24.08. Fresh trading analysis: Asia-Pacific stok indexes

Monday, August 24th,  today’s news—stock indexes of the Asia-Pacific region (APR) are growing, despite continuing concerns about the second wave of coronavirus and the recovery of the world economy. During today's Asian trading, the US dollar is slightly changed relative to the main world currencies amid the ambiguous signals for the market. The price of Brent oil is $45.11, WTI—$42.55. EUR/USD is at 1.1809. GBP/USD—1.3101, gold is $1,945.90 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

EURUSD technical analysis

The pair is consolidating above the 1.1755 following the uncertainty about future developments in the currency markets. It forms a pattern of continuation of the "rising flag" trend, which is a signal for a possible continuation of the upward movement of the price. Keep track of the price movement in real time.

Trading recommendations: expect the pair to turn up to 1.1965. But if it falls below the 1.1755, it will fall to 1.1700.

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Trading ideas for PJSC NOVATEK 

The overall trend is upward. The stock is trading in the range of 135 and 365 moving averages directed upwards. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator signals an oversold condition. Keep track of the rate changes in real time.

Trading recommendations: buy when an ascending 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending structure.

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AUDUSD analysis

The overall trend is upward. The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals an oversold condition. Keep track of the price movement in real time.

Trading recommendations: buy on the formation of an ascending structure, above 0.7178; Stop Loss – 0.7136; target  – 0.7216; 0.7267.

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Useful info and online charts

Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.

^{*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.}