Daily reviews

The GBP/USD provided noticeable negative trading yesterday to settle below the 1.3200 barrier. It reinforces the expectations of continuing the bearish trend in the intraday and short term. The price is approaching the first awaited target at 1.3160. The breaking of this level will push the price to 1.3000 …

The ascending wave pattern of the H1 level is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions. The breach of 1.0524 level will form the descending wave pattern, where the wave (A) breaks the inclined channel of the ascending truncated …

News for today, December 13:

U.S. dollar starts higher on Monday as investors wait for the central bank meetings this week. The ECB, The Fed, Bank of Japan, the Bank of England, Swiss National Bank, Central Bank of Russia, and others will issue the updated policies.

The oil rallies on …

Gold price bounced upwards after touching the first awaited target at 1,770.00. It tried to retest the broken support line for the bearish flag pattern, accompanied by the noticeable loss of the positive momentum stochastic. Still, the bearish trend resumes, and the price breaks the mentioned level to head …

GBP/USD rate online: monitor the price movement in real time.

The pound sterling and U.S. dollar pair traded with noticeable positivity in the past sessions. It aims to cross the resistance line that appears in the chart and to approach the resistance of the main descending channel. Though the EMA50 forms …

The ascending wave pattern of the H1 level is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals overbought conditions.  

AUD/NZD rate online: monitor the price movement in real time.

Trading idea:

Sell when the descending wave pattern is formed, where the wave …

News for today, December 10:

Oil prices edged lower on Friday but remained on track for their highest weekly gain since late August. It was caused by changed market sentiment amid eased concerns about the Omicron coronavirus variant with regard to global growth and fuel demand. The strengthening of the …

Gold price showed noticeable negative trades yesterday and completed forming a bearish continuation flag pattern, whose features appear on the chart above. The price is expected to get a negative motive that will push it to the awaited negative levels. The target levels start at 1770.00 and extend to 1734.00 …

The GBP/USD pair tests the resistance line again, and clear overbought signs are noticed on the stochastic indicator, while the EMA50 continues to press negatively on the price.

These factors encourage us to continue suggesting a bearish trend for the upcoming period. Its targets are 1.3160 ​​and 1.3050 after breaking …

AUD/NZD

The currency pair trades in the range of the upper border of the descending price channel. The ascending wave patterns of the D1 level are truncated. A bearish divergence has formed on the Awesome Oscillator. The inclined channel of the descending wave pattern is broken.

AUD/NZD rate online: monitor the …