Daily reviews

GOLD Spot

Gold is under strong pressure as investors wait for the release of US consumer inflation data, which will be presented today. If it shows an increase in inflationary pressure, the pair will continue to drop. At the same time, if it demonstrates its weakening or turns out to …

The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its rebound for the second session in four sessions from the lowest since March 25 against the Japanese yen following the developments and economic data that they followed on the Japanese economy …

Amazon started the upward movement above the support level 3330.00 after it managed to rise above the previous support level 3105.00. Thus, ending the lower movement by breaching the mentioned levels

We notice on the chart that the price is moving above the 20- 50 moving averages, so it …

Google's stock was able to rise and breach the resistance level, thus confirming the bullish path and continuing to rise

The moving averages support the upward movement of the stock, which is moving below the price, as the 50 average moves near the support level 2050.00 and form the first …

Monday, April 12th, today’s news—global markets retreat ahead of the earnings season and a flurry of important economic data releases. Oil is down amid the pandemic-related demand concerns, Jerome Powell said the Fed is highly unlikely to raise rates this year, but expressed optimism over the economic growth, Treasury yields fall, …

EURUSD

The pair is consolidating above 1.1880 amid positive sentiment in the markets, which support the demand for risky assets and at the same time put pressure on the dollar as the funding currency.

Technical side:

The price is located above the middle Bollinger band, at the level of SMA …

AUDNZD

The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The descending pattern of the H4 level is truncated. A bullish divergence has formed on Awesome Oscillator.

AUDNZD rate online: monitor the price movement in real time. …

#BABA

The descending wave pattern is truncated. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 holds back sellers.

Trading idea:

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

Friday, April 9th, today’s news—European markets are mixed after retreating from record highs, Germany reports a rise in exports, but a drop in industrial output. Oil is trading steady, Treasury yields rise ahead of PPI, dollar rebounded form lows. The price of Brent oil is $63.25, WTI—$59.74, EUR/USD is at 1.1888, …

#CBK

The overall trend is upward. The support level of 5.020 is holding back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals oversold conditions.

Trading idea:

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