Analytic reviews

#T

The support level of 28.31 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. A breakout of 28.91 will result in the formation of an ascending pattern of 1-2-3.

Trading idea:

Buy at breakout 28.91.

Stop Loss: 28.31.

Target levels: 29.67; 30.07; 31.24.

AUDNZD

The overall trend is upward. The descending pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals oversold condition.

Trading idea:

Buy when an ascending pattern is formed, where the wave (A) breaks through the inclined channel of an H4 descending truncated pattern.

Stop Loss under the local minimum.

Target levels: 1.0715; 1.0837.

#MAGNIT

The overall trend is upward. The descending pattern of the H8 level is truncated. The support level of 4900 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and the moving averages of  Stochastic Oscillator have come out of the oversold zone.  The stock is trading in the upper boundary of the Ichimoku cloud.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern of the H8 level.

Stop loss under the local minimum (4900).

Target levels: 5200; 5535; 5763.

USDCHF

The overall trend is downward. The currency pair is trading in the range of the 0.8925 resistance level. The ascending pattern of the H12 level is truncated. Awesome Oscillator shows a bearish divergence.

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 (0.8925).

Target levels: 0.8824; 0.8758.

USDCAD

The pair found support at 1.2760 after local growth last week and the same decline. The pair may resume growth if market sentiment doesn’t improve and crude oil prices don’t resume a noticeable increase.

Technical side:

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

Trading recommendations:

If the pair holds above 1.2760, it will resume local growth to the 1.2870.

#RACE

The overall trend is upward. The descending pattern of the H4 level is truncated. The internal pattern of the H1 level is also truncated. Probably a reversal wave model is forming. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy when a rising wave pattern is formed where the wave (A) breaks through the downward sloping channel of the N4 level truncated pattern (an earlier entry point is possible at the end of the internal pattern of the H1 level by forming an ascending pattern).

Stop loss under the local minimum (207.70).

Target levels: 216.90; 232.00.

USDCAD

The pair remains in a wide range of 1.2600-1.2785 and in a narrower range of 1.2685-1.2785 against the coming results of the Fed's monetary policy meeting, which will be announced today. This will not radically change the situation in the currency markets, but it may lead to a local resumption of the pair's growth.

Technical side:

The price is located below the middle Bollinger band, above SMA 5 and below SMA 14. RSI is just above the 50% level and moves horizontally. Stoch came out of the oversold zone.

USDCAD rate online: monitor the movement of the pair in real time.

Trading idea:

Expect a local increase to 1.2785.

EURJPY

The currency pair is trading in the range of 365 and 135 moving averages directed downwards. The price is also in the range of the round important level of 126.00. Fixing the price below the round secondary level of 125.80 will result in the formation of a downward pattern within the overall downward trend.

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

Trading idea:

Sell on the breakout of 125.69.

Stop Loss for the round secondary level of 126.20.

Target levels: 125.20; 124.50.

#ADBE

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages directed upwards. Stochastic Oscillator signals oversold conditions. Breaking through the price pivot zone of 477.54 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading idea:

Buy at breakout 477.54.

Stop Loss: 452.33.

Target levels: 502.46; 533.23.

AUDUSD

The pair remains under pressure amid falling demand for risky assets ahead of the Fed's monetary policy meeting. The pair may continue its decline if the negative sentiment in the markets persists.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch also continues to decline.

AUDUSD rate: monitor the price movement in real time.

Trading idea:

A decline in the price below 0.7675 will lead to its local drop to 0.76.