Daily reviews

Mirror level 155.45 restrains buyers. The ascendant wave structure is truncated. Currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trade idea:

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

#CI

The general trend is ascendant. Share fluctuates between 365 and 135 moving averages. The descendant truncated wave structure has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure forms.

Stop-loss below the support …

News for today, Wednesday, February 2

Positive February start for European stock indexes. Stoxx 600 concluded yesterday’s session with a 1,28% increase and is expected to open higher on Wednesday. The European market rises accordingly to other markets. In the US, the major indexes rose for the third day after …

Gold price shows some bearish tendency to test the pivotal support floor 1797.00, and keeps its stability above it until now, accompanied by the stochastic indicator reaching oversold areas, to support the chances of resuming positive trades and heading towards our awaited positive target at 1825.15.

Therefore, we will continue …

The pound sterling against the dollar was able to achieve our awaited target at 1.3525 and settle there, and obtaining positive support from the EMA50 to support the chances of surpassing this level and opening the way to achieving more gains in the upcoming sessions, as the next target reaches …

The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

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

Stop-loss below the local minimum of the descendant truncated …

#EA

The descendant wave structure is truncated. The share fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and moving levels of Stochastic Oscillator have left the oversold area. The entry point is forming on the pullback B.

Trade idea:

Buy when the ascendant wave structure is …

News for today, Tuesday, February 1

According to Goldman Sachs Group Inc., as Brent crude price is approx. $90 now, OPEC and its allies may announce a greater raise in production. Wall Street bank says the upshot of Wednesday’s meeting stay ‘balanced’ between the daily 400 000 barrels increase in …

Gold price provided positive trading yesterday, to test the pivotal resistance 1797.00, and maintains its cohesion below it until now, accompanied by the appearance of clear overbought through the stochastic indicator, waiting to resume the bearish bias and head towards 1770.00 that represents our next main target.

Thus, the bearish …

The pound sterling against the dollar tested the pivotal resistance 1.3460 and kept its stability below it, accompanied by the appearance of negative signals through the stochastic indicator, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.3400 then 1.3310 as main …