Daily reviews

CADCHF
The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator. Probably, the descending truncated pattern is a wave (B) of an ascending wave pattern of a larger wave level.

CADCHF rate online: monitor the price movement in real time.

Trading idea:
Buy when an …

The gold price closed yesterday’s trading below the 1797.00 level, which supports the chances of continuing the decline in the upcoming sessions, to head towards achieving additional negative targets that reach 1770.00, supported by the negative pressure formed by the EMA50.

Therefore, we expect to witness more declines on an …

Wednesday, September 8th, today's news — El Salvador was the first in the world to legalize bitcoin as a means of payment, which it hopes will facilitate the flow of remittances from expatriate workers back to the local economy. The price of Brent oil is $71.92 per barrel, WTI — …

#BAS

The overall trend is upward. The descending wave pattern of the D1, H4 and H1 levels are truncated. The support level of 64.00 continues to hold back sellers. There is a bullish divergence on Awesome Oscillator, and Stochastic Oscillator indicator signals oversold conditions. A breakout of 65.75 will result …

GBPUSD

The currency pair is trading in the range of 365 and 135 moving averages. Probably the descending wave pattern of the H1 level is a wave (B) of the ascending wave pattern of the H8 level. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicator signals oversold conditions. …

The gold price hovers around the 1825.15 level since yesterday, and we notice that the stochastic indicator begins to cross positively, waiting to motivate the price to resume the bullish trend, which is organized within the bullish channel that appears on the image, waiting to visit the 1860.00 level mainly. …

Tuesday, September 7th, today's news — the largest telecommunications company in Europe has decided to sell its division Netherlands-T-Mobile Netherlands Holding B. V. It will be bought by American and British private investment companies: Warburg Pincus and Apax Partners for €5.1 billion. The price of Brent oil is $72.41 per …

#CNOOC
The descending wave patterns are truncated. The support level of 7.57 holds back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator signals oversold conditions.

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

USDJPY
The currency pair is trading in the range of 365 and 135 moving averages. The breakout of 109.945 will result in the formation of an ascending wave pattern of the M30 level, where the wave (A M30) broke through the inclined channel of the descending wave pattern of the …

Monday, September 6th, today's news — the US dollar edged higher in early European trading but remained near a one-month low as Friday's disappointing jobs report weakened expectations of an early tapering of the Fed’s monetary stimulus. The price of Brent oil is $71.96 per barrel, WTI — $68.61. EUR/USD …