Daily reviews

The GBP/USD pair succeeded in achieving our first positive target at 1.3315 and breached it to close the daily candle above it, which supports the chances of an extension of the bullish corrective wave to target the 1.3410 level as a next station.

GBP/USD rate online: monitor the price movement in …

The gold price achieved a clear breach of the 1,797.00 level and ended yesterday’s trading above it. It stopped the negative scenario and lead the price to achieve more expected gains during the upcoming period. The price is on its way to visit the 1,825.15 level as a next positive …

News for today, Thursday, December 16:

The Federal Reserve’s move to tackle inflation is expected to make European markets open higher on Thursday. The U.S. central bank announced this Wednesday that it will double the pace of its asset tapering program. This means that the U.S. economy is considered strong …

#CHINAMOB

The descending wave patterns are truncated. The support level of 45.86 holds the investors back. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel …

The overall trend is ascending. The descending wave patterns are truncated. The currency pair is traded in the range of the lower bound of the ascending price channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

EUR/AUD rate online: monitor the price …

The GBP/USD pair approached the first awaited target at 1.3160 ​​yesterday and rebounded strongly to test the resistance of the main descending channel once again. The price movement maintains its cohesion below this resistance so far, to keep opportunities available for the continuation of the main bearish trend, waiting to …

The price of gold declined significantly yesterday after breaking the 1,770.00 level, but it stopped at 1,753.00 and rebounded upwards strongly to settle around the EMA50, within the bearish triangle flag pattern that appears on the image. The Stochastic Indicator loses its positive momentum and appears overbought now. This forms …

News for today, December 15:

The dollar keeps last week gains, while the investors are fixed on a key Federal Reserve policy meeting to see if it would reinforce growing market expectations for earlier and additional rate rises next year.

At the close in Tokyo, the Nikkei 225 rose 0.10%. …

#DAL

The entry point is being formed on the rollback of B. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending pattern …

Gold price is trading at 1,770.00 after the decline it witnessed yesterday evening. The attempts are made to break this level, reinforcing the expectations of the continuation of the bearish trend’s dominance. We expect it to head towards 1,734.00 as the next negative target.

On the other hand, we notice …