Daily reviews

The Australian dollar fluctuated in a narrow, upward range during the Asian session, to witness its rebound to the fourth session in six sessions from its lowest since December 28, 2020 against the US dollar, following the developments and economic data that they followed on the Australian economy and on …

The single currency, the euro, fluctuated in a narrow, rising range during the Asian session, to witness its retracement for the third consecutive session since the beginning of December 2020 against the US dollar on the cusp of economic developments and data expected today, Tuesday, by the economies of the …

Amazon stock continues its upward movement despite the decline that occurred at the end of last week, to continue trading within the ascending channel in which it was trading, which is shown by the graph. Although the price is currently testing a resistance level at 3330.00

We notice on the …

#BA

The overall trend is upward. The descending price channel is broken. Awesome Oscillator shows a bullish divergence. Breaking through the resistance level of 213.0 will result in the formation of an ascending wave pattern of the H1 level.

Trading idea:

Buy above 213.0.

Stop Loss: 191.75.

Target levels: 242.0; …

GBPNZD

The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals oversold conditions. A bullish divergence has formed on Awesome Oscillator. Probably a downward movement is the wave (B) of an H2 level ascending pattern.

Trading idea:

Buy when an ascending wave pattern …

USDJPY

The pair is dropping strongly amid a possible correction in the stock markets. The continuation of such trends will lead to an increase in demand for the yen and to a further local drop.

Technical side:

The price is located below the lower Bollinger band, below SMA 5 and …

Monday, February 8th, today’s news—global markets continue to rise, Wall Street just had its best week since November, European markets are up on tech stocks. China announces new anti-trust laws aimed at tech giants, Brent oil hist $60 per barrel for the first time since January 2020, dollar is stronger. …

The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its rebound for the third session in five sessions from its lowest since December 28, 2020 against the US dollar amid scarcity of economic data at the beginning of this week by the Australian …

Google shares rose again and managed to breach the resistance level 1930.60, and the upper limit of the ascending channel was the price movement within it. After it formed a rising price gap during last week's trading.

The moving averages support the upward movement of the stock which is moving …

XAUUSD

The descending pattern of the H12 level is truncated. A Bullish divergence is formed on Awesome Oscillator, and Stochastic Oscillator signals oversold condition.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop Loss: 1784.0.

Target levels: 1875.0 (breakeven); 1950; 2012.0.