Daily reviews

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 …

News for today, December 9:

Stocks rallied in volatile trading on Thursday as concerns over the economic impact of Omicron continue to subside. At the same time, the growing caution of investors ahead of publication of the U.S. inflation data has limited other risky assets such as oil and the …

USD/MXN

The overall trend is upward. The currency pair trades in the range of 365 and 135 moving averages. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

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

Trading idea:

Buy when an ascending …

Gold price shows calm positive trades and is expected to test the EMA50, accompanied by the stochastic loss of positive momentum and the emergence of overbought signs. It will motivate the price to resume the expected bearish trend in the intraday term. The pattern targets testing 1770.00, and breaking this …

The GBP/USD pair shows slight positive trades to test the resistance line that appears on the chart above. The price maintains stability below the resistance level, forming the first protection factor for the bearish trend within the main descending channel, waiting for the rebound downwards to head to our main …

AUD/NZD

On the daily timeframe, the bulls are testing the upper border of the descending price channel. A bearish divergence is forming on the Awesome Oscillator.

On the H1 timeframe, we see that the ascending wave patterns are truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals …

News for today, December 8:

Asian stocks hit a nearly two-week high on Wednesday, rallying alongside other assets as investors were relieved to learn that Omicron may be less damaging to the global economy than anticipated. Markets await U.S. inflation data on Friday, and if high, it will stimulate policymakers …

EUR/CAD

The overall trend is upward. The estimated correction has almost reached 50% of the impulse. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. An entry point is being formed "on rollback B".

EUR/CAD rate online: monitor the price movement in real …

The GBP/USD pair opens today's trading positively, and is expected to test the resistance level that appears on the chart above. However, it is still within the main descending channel, and it is under the negative pressure from EMA50, while the stochastic indicator is gradually losing its positive momentum.

These …