Analytic reviews

#INTC

The support level 56.70 deters sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

#INTC rate online: monitor the price movement in real time.

Trading recommendations:

Buy when a 1-2-3 ascending pattern is formed: above 59.90.

Stop loss below the support level of 56.70.

Target levels: 64.00; 67.60.

Analysis based on round-number levels, price channels and modified Elliot Waves

USDCAD

A descending truncated H2 level pattern is forming, probably a wave (B) of the ascending H8 level pattern. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

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

Trading recommendations:

Buy when an ascending pattern is formed, where wave (aC) breaks through the inclined channel of the descending truncated H2 level pattern.

Stop Loss below the local minimum (1.3543)

Target levels: 1.3700; 1.3768.

EURUSD

The pair is consolidating in a narrow range, as a public holiday, Independence Day, is observed in the US. Low market activity is expected today.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and is moving horizontally. Stoch are in the oversold territory.

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

Trading recommendations:

Buy the air when it drops with a target level of 1.1300.

When buying an option against the trend, it is necessary to consult other technical analysis tools: the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! Buying an option before important economic news releases is considered risky. The expiration time depends on the strength of the level and the confirmation by additional tools of technical and fundamental analysis.

EURUSD

The pair is consolidating ahead of the US employment numbers release. If they are positive, the pair is expected to rise locally as the dollar loses demand as a safe haven currency.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages suggest buying. RSI is above 50% and indicates possible further rise. Stoch are below the overbough zone and are uninformative.

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Trading recommendations:

The pair is highly likely to rise to 1.1350 amid the positive employment numbers in the US.

#RUSGIDRO

The overall trend is upward. The stock is trading within the range of 365 and 135 moving averages directed upward. Awesome Oscillator shows a bullish divergence. The descending pattern is truncated and formed the support level 0.7280.

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Trading recommendations:

Buy when the ascending wave pattern is formed, where wave (aC) breaches the inclined channel of the truncated descending pattern.

Stop Loss: 0.7280.

Target level: 0.8340.

Analysis based on round-number levels, price channels and modified Elliot Waves

CADJPY

The overall trend is downward. The descending (red) pattern is truncated, Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition. This allows us to suggest that the descending red pattern is the wave B of an ascending H1 level pattern.

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Trading recommendations:

Buy when the ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending pattern.

Stop Loss: 78.80.

Target levels: 79.55; 80.00.