Daily reviews

Gold price conducted a new test for the 1797.00 level and rebounded upwards from there, to head towards resuming the expected bullish trend for the upcoming period, which targets the 1825.15 level as a first station, reminding you that breaching this level will push the price to 1860.00 as the …

The GBP/USD pair traded with noticeable negativity in the past sessions and made an attempt to break the 1.3525 level, and starts today with new negative attempts, while the EMA50 tries to protect the price from incurring more losses, in conjunction with the emergence of positive signs through the stochastic …

On the D1 timeframe the currency pair tests the upside boundary of the descendant price channel. The ascendant truncated wave structure of H2 level is finished with breaching through the inclined channel. Awesome Oscillator indicates bearish divergence.

Trade idea:

Sell when the secondary round level 1.2480 is breached.

Stop-loss — …

#MKS

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The share fluctuates between 365 and 135 moving averages.

Trade idea:

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

Stop-loss …

News for today, Friday, February 4

The US dollar decreased approx. by 2% this week, which is the most noticeable weekly drop since March 2020. On the other hand, EUR/USD is up 0.2% to 1.1456. The main reason for Euro’s increase is the ECB press conference following a policy meeting …

The GBP/USD pair managed to achieve our extended target at 1.3610 and is making attempts to breach it now, to indicate the price direction to confirm restoring the main bullish trend again, as we expect to achieve additional positive targets that reach 1.3685 then 1.3745.

Therefore, the bullish trend will …

Gold price trades around 1805.00, waiting to obtain a positive stimulus that contributes to pushing the price to resume positive trades, which mainly targets the 1825.15 level, noting that breaching 1808.00 will facilitate the price’s mission to achieve the mentioned target.

On the other hand, it should be noted that …

#SIE

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) breaches the inclined channel of the descendant truncated structure.

Stop-loss below the local minimum of the descendant truncated structure.

Target …

The general trend is ascendant. The currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence. The inclined channel of the descendant structure is pierced.

Trade idea: 

Buy when the curve breaches through 10.4281 (when the ascendant wave structure forms).

Stop-loss below the mirror level 10.3628. …

News for today, Thursday, February 3

The fall of Meta stocks has led Pinterest and other social media to decrease. The disappointment from Facebook Meta Platforms (FB) quarter report caused a 22% fall. Meta lost 193 billion dollars of its market capitalization. Following such dynamics, Twitter decreased by 8.4%, Pinterest …