Daily reviews

Cisco stock fell below the 49.05 support level and continued to decline to the next support level 49.89 as the movement stabilized at this level near the 61.8% Fibonacci retracement.

The stock is currently moving below the moving averages 7-20, which have become resistances against the price, while the EMA50 …

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from the lowest since November 29, when it tested the lowest since October 10 against the US dollar on the cusp of developments and …

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session amid the US dollar index rebounding for the second session from the top since December 2, according to the inverse relationship between them on the cusp of developments and economic data expected on Thursday …

The dollar versus the yen resumed its negative trading after approaching the level of 109.33 in the previous sessions, and it is under constant negative pressure coming from the EMA50, to keep the bearish trend valid and active in the intraday basis, noting that our awaited target is at 108.40. …

The descending pattern is currently truncated (wave C did not break through 123.6% of wave A). Also, Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversoldness.

 Trading recommendation:

Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending …

The pair is consolidating at the lower border of the emerging triangle which is clearly visible on the daily chart. The pair may drop only if the Bank of England either decides to lower the interest rate, or makes it clear that this may happen in the near future. Also, …

The 1.3210 support level is holding back buyers. An ascending truncated pattern was formed. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Buy while a descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending truncated …

The price of gold found support at 1562.75 after falling on Tuesday due a more stable market. Despite the rebound, expect the price to resume a local growth, since the topic of coronavirus has not disappeared yet and continues to dominate the market mood.

The price is below the middle …

Aeroflot shares opened the week with a falling gap and continued to fall for two consecutive sessions

The falling sanctuary stopped at the support 107.36, where the moving average 20 is located.

The price action above the 20-50 moving averages which still constitute strong price support levels

The stochastic oscillator …