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Euro analysis 17-09-2020

The single currency, the euro, declined during the Asian session, to witness its lowest level since August 12 against the US dollar, on the cusp of economic developments and data expected today, Thursday, by the economies of the euro area and the US economy, the largest economy …

There is nothing new in the movement of Cisco's stock, as the stock continues to move below the support level 24.27, ending the sideways movement that it was moving within during the past two weeks. The stock fell towards the next support level 39.00

The trading stabilized below the moving …

Futures contracts for gold prices decreased by more than one percent during the Asian session amid the rebound of the US dollar index to the tenth session in thirteen sessions from its lowest since late April of 2018 according to the inverse relationship between them following the decisions and directions …

The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the second session from its lowest since late July, when it tested its lowest since March 12 against the Japanese yen following the disclosure of the monetary policy data …

USDJPY

The pair is declining as tensions rise in the markets after the Fed’s outlook for the US economy and labor market was unveiled on Wednesday. This started redistribution of capital from the stock that was in demand on the peak of the pandemic to the industrial, financial and commodity …

#GPRO

The overall trend is upward. The 3.70 support level is holding back sellers. Stochastic Oscillator indicates an oversold condition. The inclined channel of the descending pattern is broken by the formation of the assumed wave (A) an the ascending pattern.

Trading recommendations:

Buy when an ascending wave pattern is …

AUDUSD

The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The 0.7260 support level is holding back sellers. The descending pattern is likely a correction wave (B) of the H8 level ascending wave pattern.

AUDUSD rate online: monitor the price movement in real …

Wednesday, September 16th, today’s news—oil prices jump as the US closes production due to the hurricane, as well as amid the weak dollar and declining stockpiles. Treasury yields fall, American, European, and Asian markets rise ahead of the Fed meeting. The price of Brent oil is $41.38, WTI—$39.17. EUR/USD is …

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the fifth session in six sessions from the lowest since August 26 against the US dollar, following the developments and economic data that they followed on the Australian economy …

The single currency, the euro, fluctuated in a narrow, upward range, during the Asian session, to witness its rebound to the fifth session in six sessions from the lowest since August 12 against the US dollar before the developments and economic data expected on Wednesday by the economies of the …