Analytic reviews

EURGBP

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal has formed below the 135 EMA, and above is a signal fractal. Breaking through the start fractal will result in the formation of a downtrend pattern of 1-2-3 within the downtrend.

Trading idea:

Sell at the breakout of 0.8610.

Stop Loss: 0.8643.

Target levels: 0.8582; 0.8561.

#INTC

The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator indicator signals oversold conditions. Breaking through the price pivot zone of 56.14 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading idea:

Buy at the breakout of 56.14.

Stop Loss at the local minimum (53.26).

Target levels: 63.84; 68.36.

AUDNZD

The overall trend is downward. The ascending wave pattern of the M30 level is currently truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.

Trading idea:

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

Stop loss for the local maximum of the ascending pattern.

Target levels: 1.0740; 1.0721.

EURUSD

The pair remains in a short-term uptrend. It found support at 1.2175. If ECB's head Christine Lagarde makes it clear in her speech today to not expect changes in the monetary rate of the regulator, this may support the pair in the short term.

Technical side:
The price is located above the middle line of the Bollinger band, above SMA 5, but still below SMA 14. RSI is above the 50% level and is turning up. Stoch are also showing a local upward reversal.

Trading idea:
Expect the pair to grow to 1.2280.

USDJPY

The dollar against the yen pair closed the last daily candle below 109.22, to fall under expected negative pressure during the upcoming sessions, aiming to test the support of the bullish intraday channel at 108.65 initially, noting that breaking this level will extend the downside wave to reach 107.68 as a next negative station.

From here, a bearish bias will be likely for today, bearing in mind that breaching 109.30 will stop the expected negative pressure and lead the price to recover again.

The expected trading range for today is between 108.40 support and 109.80 resistance

 The expected general trend for today: Bearish

#BA

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated and the inner (red) descending pattern is truncated. The Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, on the breakout of 232.35.

Stop Loss: 218.00.

Target levels: 241.0; 258.40; 278.15.

GBPCAD

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

Trading idea:

Sell when a descending wave pattern, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop Loss for the local maximum.

Target levels: 1.7006; 1.6869.

EURUSD

The pair remains in a short-term uptrend. It continues to grow in the wake of the US dollar fundamental weakness due to various stimulus measures and the FED’s ultra-soft monetary policy. This growth will continue in the short term.

Technical side:

The price is located at the level of the upper Bollinger band, above SMA 5 and SMA 14. RSI enters the oversold zone. Stoch also demonstrates this.

Trading idea:

Expect a resumption of the pair's growth to 1.2280 after a possible corrective decline to 1.2175.

EURUSD

The pair remains in a short-term uptrend. It reached our target of 1.2180 yesterday amid the rising demand for risky assets and investors' continuing hopes for the short-term increase in inflation in the US, and this will not allow the Fed to change its current ultra-soft monetary policy.

Technical side:

The price is located at the level of the upper Bollinger band, above SMA 5 and SMA 14. RSI enters the oversold zone. Stoch are also there.

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

Trading idea:

Expect the pair to grow first to 1.2225, and then to 1.2240.

EURAUD

The ascending wave pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence. The breakout of 1.5604 will result in the formation of a descending wave pattern, which completed the ascending truncated pattern by breaking through the inclined channel.

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

Trading idea:

Sell on the breakout of 1.5604.

Stop Loss: 1.5703.

Target levels: 1.5483; 1.5423.