06.05.2021
The pair is trading above 1.2000 as the demand for stocks recovers. The expected moderate growth in the number of new jobs has a positive impact on the risk appetite of investors and weighs on the dollar.
Technical side:
The price is above the middle Bollinger band, above SMA …
06.05.2021
The dollar's recent trading against the yen is confined to a bullish triangular flag pattern whose features appear on the chart. Therefore, the price needs to breach 109.40 to activate the positive effect of the aforementioned pattern and then rush towards our first awaited target at 110.00.
From here, the …
06.05.2021
The price of gold was satisfied with touching 1770.00, to rebound to the upside and breach the resistance of the descending intraday channel, thus stopping the temporary negative scenario and leading the price to resume the main bullish trend again, paving the way for heading towards 1800.00 then 1838.00 as …
06.05.2021
The Australian dollar against the US dollar is showing positive trading, reaching the outskirts of the first awaited target at 0.7765, and we believe that opportunities are available to surpass this level and achieve extended positive targets that reach 0.7835 then 0.7900.
From here, we will continue suggesting …
05.05.2021
#ADS
The overall trend is upward. The expected correction movement is in the range of the price pivot zone of 250.00. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks …
05.05.2021
Wednesday, May 5th, today’s news—European markets rebound on positive corporate earnings, investors monitor important economic data releases. Ethereum hits a record high, outpaces bitcoin in growth, US Treasury Secretary Janet Yellen hints at higher interest rates, dollar is up. The price of Brent oil is $69.72, WTI—$66.44, EUR/USD is at 1.1990, …
05.05.2021
Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness their rebound for the second session in five sessions from the lowest since mid-April amid the bounce of the US dollar index for the second session from its highest …
05.05.2021
Gazprom shares returned to test the resistance level at 235.50 again, and continues with the sideways movement that it was moving within after it tested the previous resistance and rebounded from it.
The price is moving above the 7-20-50 moving averages that are forming support levels for …
05.05.2021
The pair is trading at 1.2000 ahead of ADP employment report. New jobs are expected to have risen in April by 800,000 compared to the March value of 517,000. If the released data conforms to the predictions or even beats them, it will weigh on the pair locally.
Technical …
05.05.2021
The overall trend is downward. The ascending wave H2 level pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
USDSEK rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the …
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