Analytic reviews

EURCAD

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending pattern of the H1 level is the wave (B) of the descending pattern of the H2 level.

 EURCAD rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending pattern of the H1 level.

Stop Loss: 1.4800.

Target levels: 1.4673; 1.4618.

EURUSD

The pair remains in a short-term uptrend. It is above the 1.2240 level. The is growing due to the weaker US dollar amid the saturation of the dollar in the financial system, and its role as a funding currency. Expect a smooth increase in the pair ahead of the publication of updated US employment data next week.

Technical side:

The price is located above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and moves horizontally. Stoch are above the 50% level and are uninformative.

Trading idea:

Buy a pair with a target of 1.2340.

GBPCAD

The overall trend is downward. The price pivot zone of 1.7153 deters buyers. The ascending wave pattern of the H4 level is truncated, and a Bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 1.7029 will result in the formation of a descending wave pattern within the descending wave From the H12 level.

Trading idea:

Sell on the breakout of 1.7029.

Stop Loss: 1.7153.

Target levels: 1.6860; 1.6767.

EURUSD

The pair remains in a short-term uptrend. It's getting closer to our goal of yesterday. The pair still has the potential to continue growing, if the overall positive sentiment in the markets persists.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and continues to grow. Stoch are entering the overbought zone.

Trading Idea:

Buy the pair with the target of 1.2340 after overcoming the 1.2240.

#OXY

The trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated, and Awesome Oscillator shows a bullish divergence. The breakout of 26.80 will result in the formation of an ascending wave pattern.

Trading idea:

Buy at the breakout of 26.80.

Stop Loss: 22.90.

Target levels: 31.68; 37.36.

EURUSD

The pair remains in a short-term uptrend. It found support at 1.2160. Positive sentiment in the markets amid the new US employment data, which will be published next week, may support the pair.

Technical side:

The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI crosses the 50% level and gives a buy signal. Stoch also shows a local upward reversal above the oversold zone.

Trading recommendations:

Buy a pair with a target level of 1.2240.

AUDUSD

The overall trend is upward. The descending pattern of the H2 level is truncated. The internal pattern of the M30 level is also truncated. A reversal wave model has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The “hammer” reversal pattern has formed on the H4 timeframe.

Trading idea:

Buy a pair when an ascending wave pattern is formed, where wave (A) breaks through the pivot 2 of wave (C) – 0.7737 of the descending H2 level pattern.

Stop Loss: 0.7689.

Target levels: 0.7812; 0.7890.

#HPQ

The overall trend is upward. The descending wave pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence. The inclined channel of the descending pattern is broken. The moving indicators of Stochastic Oscillator came out of the oversold zone. The breakout of 32.43 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading idea:

Buy at breakout 32.43.

Stop Loss: 31.18.

Target levels: 34.65; 35.93.

#KMB

The overall trend is upward. The support level of 128.64 is holding back sellers. The inclined channel of the descending structure is broken. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold. The breakout of 133.80 will result in the formation of an ascending wave pattern within the wave (C) of the ascending pattern of the H4 level.

Trading idea:

Buy at the breakout of 133.80.

Stop Loss: 128.64.

Target levels: 137.73; 142.82.

EURUSD

The pair remains in a short-term uptrend. If the data published today on the indices of business activity in the manufacturing sector and the services sector in the eurozone and Germany turn out to be no worse than expected, this may serve as a reason for the pair's growth.

Technical side:

The price is located above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and is turning down. Stoch are also showing a local downside reversal in the oversold zone.

Trading idea:

Buy the pair after its growth above 1.2240 with the target of 1.2325.