Daily reviews

#BA

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The support level of 231.72 has formed. Stochastic Oscillator signals oversold conditions. Breaking through the resistance level of 239.70 will result in the formation of an ascending pattern of 1-2-3.

Trading …

Friday, April 23rd, today’s news—cryptocurrency market loses $260 billion in a massive sell-off, bitcoin is down below $50,000. European and Asian markets are mixed, retail sales rose in the UK and Japan, ECB maintains a dovish stance, gold is up, dollar continues to fall. The price of Brent oil is $65.66, …

Analysis based on modified Elliott waves, support and resistance levels, and price channels.

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator an oversold condition. …

Gold price futures fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its rebound to the tenth session in seventeen sessions from its lowest since the ninth of March, amid the US dollar index resuming its rebound from the top since the fifth …

The single currency, the euro, fluctuated in a narrow and bullish range during the Asian session, to prepare its third consecutive weekly gains against the US dollar on the cusp of developments and economic data expected on Friday by the economies of the euro area and the US economy, …

CADCHF

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

AUDUSD

The pair is trading in the range of 0.7700-0.7800. It may gain support and rise to its upper limit if the US manufacturing data released today is higher than forecast, which will strengthen demand for risky assets and high-yielding currencies, which include the Australian dollar.

Technical side:

The price …

The Australian dollar fluctuated in a narrow range sloping to an upside during the Asian session, to witness its rebound to the eleventh session in sixteen sessions from its lowest since December 23, 2020 against the US dollar, following developments and economic data that they followed on the Australian …

Cisco share started correcting the bullish path after reaching the resistance 52.50, after it managed to confirm the break of the previous resistance level of 49.00 and rise above the top, thus confirming the bullish path after the decline that formed last week.

The price is trading …

Thursday, April 22nd, today’s news—European markets continue to rise, ECB meeting in focus. Asian markets also up, American stocks retreat, oil is down on pandemic concerns, dollar falls. The price of Brent oil is $64.87, WTI—$60.94, EUR/USD is at 1.2039, GBP/USD—1.3911, gold is $1,791.65 per ounce. Read the daily selection of analytical reviews …