Daily reviews

#RRC

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated and ended with the breakdown of the inclined channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condotions. The breakout of 10.30 …

EURUSD

The pair is again below 1.1880. If the market continues to maintain a positive sentiment for purchasing companies shares and the yield of US treasuries will remain under pressure, it will negatively affect the US dollar, pushing the pair up.

Technical side:

The price is located above the middle …

Tuesday, April 6th, today’s news—pan-European index STOXX 600 hits a record high on positive outlook for the global economic recovery, German carmakers report a boost in activity. American markets are flat following Dow's and S&P 500's record close, cryptocurrency market value tops $2 trillion for the first time, Treasury yields …

The dollar against the yen provided temporary negative trades yesterday, to approach the support of the ascending channel, and we note that the price starts today with a noticeable rise to move away from the aforementioned support, which keeps the bullish trend scenario valid and effective for the upcoming period, …

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the third session in four sessions from its lowest since the ninth of March, overlooking the rebound of the US dollar index from its lowest since …

Amazon started the upside move above the support at 3105.00, after it managed to rise above the previous support level of 2880.00. 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 …

#BABA

The descending pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 deters sellers. The breakout of 232.45 will result in the formation of an ascending wave pattern.

Trading idea:

Buy when an ascending wave …

EURJPY

The ascending wave pattern is truncated. The level 88.2% of (AN8?) is not broken.  Probably, the ascending pattern is a wave (VN8) of the descending pattern. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.

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

EURUSD

The pair is located around 1.1800, supported by the growing demand for risky assets and the availability of high volumes of the US dollar liquidity. The dollar also began to experience problems with growth due to the termination of the increase in the yield of US government bonds.

Technical …

Monday, April 5th, today’s news—US jobs data beats forecasts, the highest since August. Global markets react positively, Dow is up 200 points, Treasury yields rise, oil retreats as producer counties ramp up output, dollar is steady. The price of Brent oil is $63.45, WTI—$60.14, EUR/USD is at 1.1742, GBP/USD—1.3855, gold is …