Daily reviews

News for today, October 13th:

Oil prices declined on Wednesday amid fears that oil demand growth will fall as major economies are facing inflation and supply problems, although high coal and natural gas prices are limiting losses. The US dollar, trading near an annual high, is also weighing on oil …

The single currency, the euro, fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound for the second session in five sessions from its lowest since July 22, 2020 against the US dollar on the cusp of developments and economic data expected today, …

The Australian dollar against the US dollar pair succeeded in achieving our awaited target at 0.7360 and is settling near it, and we expect to resume positive attempts to surpass this level and head towards 0.7405 as a next station.

Therefore, the bullish trend will remain valid for the upcoming …

#CI

The overall trend is upward. The descending wave pattern is truncated. The Awesome Oscillator shows a bullish divergence, while moving averages of the Stochastic Oscillator have left the oversold zone. A break of the mirror level of 208.63 will result in the formation of an ascending wave pattern, where …

AUDCAD

The overall trend is downward. The currency pair trades in the range between 365 and 135 moving averages. The ascending wave pattern of the M30 level is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.

AUDCAD rate online: monitor the price …

News for today, October 12th:

The global energy crisis has heightened general inflation concerns, dampening investor sentiment ahead of the US corporate earnings season. As a result, Asian stocks fell on Tuesday, while the dollar retained its positions. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9% in early …

Gold futures contracts fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound to the second session from its highest since September 22, with the positive stability of the US dollar index according to the inverse relationship between them amid the scarcity of …

The dollar against the yen pair succeeded in surpassing our awaited main target at 112.05, and it pushed upwards at the opening of the day, to confirm opening the way for the extension of the bullish wave on the intraday and short term, waiting to visit the 113.40 level as …

#BN

The overall trend is upward. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions. The support level of 56.53 discourages the sellers.

Trading idea:

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

GBPUSD

The overall trend is downward. The currency pair trades in the range between 365 and 135 moving averages. The ascending wave patterns H4 and H1 are truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.

GBPUSD rate online: monitor the price movement …