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EURUSD analysis 06.08.2020

06.08.2020

Technical reviews

The single currency, the euro, fluctuated in a narrow range sloping to an upside during the Asian session, to witness its rebound to the fourth session from the lowest since July 27 against the US dollar before the developments and economic data expected today, Thursday, by the economies of the …

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Gold analysis 06.08.2020

06.08.2020

Technical reviews

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session to witness stability near its highest ever, with the US dollar index rebounding for the fourth session from its highest since July 28, according to the inverse relationship between them before …

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USDJPY analysis 06.08.2002

06.08.2020

Technical reviews

The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the fourth session from its highest since July 24 against the Japanese yen, amid a scarcity of economic data by the Japanese economy and before the developments and economic …

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AUDUSD analysis 05.08.2020

05.08.2020

Technical reviews

The Australian dollar against the US dollar is trading in a positive note, approaching the 0.7200 barrier, waiting to cross this level to support the expected bullish wave in the intraday and short term, which targets 0.7290 as the next major station.

In general, we will continue to suggest the …

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EURUSD analysis 05.08.2020

05.08.2020

Technical reviews

The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to witness its retracement of the third session from the lowest since July 27 against the US dollar before developments and economic data expected on Wednesday by the economies of the euro area and the …

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Trading ideas for the Boeing Co. (NYSE) 05.08.2020

05.08.2020

Technical reviews

#BA

Bulls are testing the price pivot zone of 167.63. Awesome Oscillator indicates a bullish divergence, and Stochastic Oscillator indicates an oversold condition. If the price fixes above the price pivot zone of 167.63, it will rise further.

#BA rate online: monitor price movement in real time.

Trading recommendations: …

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JPYUSD analysis 05.08.2020

05.08.2020

Technical reviews

The dollar versus yen pair traded in a noticeable negativity yesterday, surpassing the SMA 50 and approaching our first awaited target at 105.20, reinforcing expectations for a further decline in the coming sessions, reminding you that breaking the aforementioned level will extend the downside wave to reach 103.65.

Therefore, we …

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SBER Bank stock analysis 05.08.2020

05.08.2020

Technical reviews

Sber Bank stock continues moving within the ascending channel as it tries to test the resistance (229.33) as seen in the chart. After it broke the resistance 215.70 and confirmed its break.

The current price action is between the support level 202.23 and the resistance level 229.06 over the medium …

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CADJPY analysis 05.08.2020

05.08.2020

Technical reviews

CADJPY

The ascending wave pattern (H2) is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an oversold condition. The level of 88.2% on Fibo is not broken, which allows to assume that the upward pattern is a wave B (correction).

CADJPY rate online: monitor the price …

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USDCAD technical analysis 05.08.2020

05.08.2020

Technical reviews

USDCAD

The pair is consolidating in the range of 1.1740–1.1900 ahead of new employment data from the US Department of Labor. If the demand for risk assets persists, the pair will continue to rise against the backdrop of the dollar’s overall fundamental weakness.

Technical side:

The price is above the …

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