Daily reviews

Analysis based on modified Elliot Waves, Fibonacci retracement, and price channels

NZDUSD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals an oversold condition. The inclined channel of the descending pattern is breached. The breakout of 0.7287 will result …

Monday, March 1st, today’s news—Treasury yields are down, global markets rise. Pan-European Stoxx 600 is up 1.7%, Dow rises 300 points, oil is up amid the US stimulus package progress, dollar is down, riskier currencies in demand. The price of Brent oil is $65.40, WTI—$62.42, EUR/USD is at 1.2031, GBP/USD—1.3935, gold is …

Gold futures contracts rose by nearly 1 percent during the Asian session, to witness their rebound for the second session from the lowest since June 15, 2020 amid the US dollar index rebounding to the second session since February 18, according to the inverse relationship between them following developments and …

The Australian dollar rose during the Asian session to witness its rebound to the second session from its lowest since the eighth of last February against its US counterpart, following the developments and economic data that they followed on the Australian economy and on the cusp of economic developments and …

EURUSD

The pair remains sideways amid an established balance between the strengths and weaknesses of the US dollar and the euro, which will result in the prolonged period of consolidation.

Technical side:

The price is located below the lower Bollinger band, above SMA 5, but below SMA 14. RSI is …

#HUM

The overall trend is upward. A bullish divergence has formed on Awesome Oscillator, and the moving averages Stochastic Oscillator have left the oversold zone and are directed upwards. The breakout of 390.0 will result in the formation of an ascending wave pattern.

Trade idea:

Buy above 390.0.

Stop Loss: …

Friday, February 26th, today’s news—global sell-off on the markets prompted by a sharp spike in Treasury yields. Japan's Nikkei 225 is down by nearly 4%, American and Asian stocks suffer worst fall in several months, oil is down 1%, dollar is stronger. The price of Brent oil is $65.47, WTI—$62.94, EUR/USD …

The Australian dollar against the US dollar was subjected to strong negative pressure to break 0.7915 and incur losses that reached 0.7820, and we expect an extension of the descending wave to test the support of the main ascending channel at 0.7755 before attempting to return to the upside again. …

Aeroflot continues to move sideways below the support level 71.10 that it breached during the past week, confirming the break of this level, thus starting a bearish path.

Whereas, the price is moving below the averages level 20-50 after it managed to breach it this week, which is …

BTCUSD
The overall trend is upward. The descending pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator i signals oversold conditions.
BTCUSD rate online: monitor the price movement in real time.

Trading idea:
Buy when an ascending wave pattern is formed, where the wave …