Daily reviews

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 …

Gold price fluctuates with quiet negativity, and is expected to approach the 1770.00 level. Negative trades are supported by the negative pressure formed by the EMA50, and the price awaits more decline to go beyond the mentioned level and extend the descending wave towards 1734.00.

Therefore, the bearish trend scenario …

News for today, December 7:

The U.S. dollar gained support on Tuesday against safe-haven currencies such as the Japanese yen. This was prompted by a jump in U.S. yields and the hope that the consequences of the Omicron variant would be less significant than first expected. Asian stocks also rebounded …

News for today, December 6:

U.S. and European stock futures rallied on Monday, while bonds lost some of their recent gains and oil gained as Saudi Arabia raised its oil prices. On Monday, oil prices rose more than $ 1 a barrel after Saudi Arabia, the largest exporter, raised the …

#ITX

The overall trend is upward. The support level of 27.70 holds sellers back. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) …