Daily reviews

The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the seventh session from its lowest since August 19, when it tested its lowest since late July against the Japanese yen following the developments and economic data that followed …

EURUSD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending truncated H4 level pattern ended with the breakout of the inclined channel. A bullish divergence’s formed on Awesome Oscillator. A breakout of the resistance level of 1.1855 will …

#IBM

The price pivot zone of 121.14 is holding back sellers. The inclined channel of the outgoing pattern is broken. A breakout of the resistance level of 123.44 will result in the formation of a 1-2-3 upward pattern.

Trading recommendations:

Buy above 123.44.

Stop Loss: 121.14.

Target levels: 126.71; 130.00.

AUDUSD

The pair is consolidating above the support level of 0.7265 during the public holiday in the US and under the influence of competing factors: the Fed’s soft monetary policy stifles growth, while the strong technical oversold condition prevents the price from dropping.

Technical side:

The price is located below …

Friday, September 4th, today’s news—a major drop hit the American markets, Dow futures are down over 800 points, S&P 500 and Nasdaq Composite down 3.5% and 5% respectively. Negative trends also dominate the European and Asian markets, the US dollar is rising ahead of the employment data release, oil is …

The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the fourth consecutive session from its high since the second of May of 2018 against the US dollar on the cusp of developments and economic data expected …

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 second session from its lowest since the 27th of last August amid the bounce of the US dollar index to the second session from its …

The US dollar fluctuated in a narrow range that tends to decline, to witness its rebound for the second session from its high since August 28, when I tested its highest since the 14th of last month, while the dollar is still in the process of its first weekly gains …

MTC stock is correcting the upward movement, as the price is testing the support at 330.50, after it broke through the resistance level of 340.00 on the downside and reached the support level near the 50 SMA. Which is moving near the main support 330.50 while the average 20 is …

#CI

The support level of 171.00 is holding back sellers. A descending truncated pattern has formed. A bullish divergence has formed on Awesome Oscillator. A breakout of the resistance level of 185.24 will result in the formation of an ascending wave pattern.

Trading recommendations:

Buy above 185.24.

Stop Loss: 171.00. …