Analytic reviews

GBPSEK

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending pattern of the H2 level is truncated. Awesome Oscillator shows a bullish divergence.

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

Trading idea:

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

Stop Loss: 11.2954.

Target levels: 11.4144; 11.4672.

AUDUSD

The pair forms a «descending flag»  figure of an ascending trend. The decline in risk appetite in equity markets after the recent strong rally is putting pressure. The pair may continue to consolidate further.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intersect and suggest selling. RSI crosses the level of 50% and also signals a likely further price drop. Stoch are entering the oversold zone.

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

Trading idea:

A decline below 0.7730 will lead to its local drop to 0.7650.

#KMB

The descending pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold condition. Breaking through the resistance level of 132.64 will result in the formation of an ascending wave pattern.

Trading idea:

Buy above 132.64.

Stop Loss: 129.30.

Target levels: 138.00; 144.00; 155.00.

USDCAD

The pair is recovering from a drop ahead of the Bank of Canada’s monetary policy meeting and strong demand for risky assets, the reason for which was the Joe Biden’s inaugural rally. But today, if the demand for stocks falls due to profit-taking, and oil prices stop rising, expect a local rise of the US dollar.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving up from the oversold zone. Stoch are still there as well and are uninformative.

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

Trading recommendations:

If the pair holds above 1.2625, it may continue to rise towards 1.2785.

USDCHF

The overall trend is downward. The resistance level of 0.8925 is holding back buyers. The ascending pattern is truncated. A bearish divergence has formed on Awesome Oscillator.

USDCHF 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 truncated pattern.

Stop loss beyond the resistance level 0.8925.

Target levels: 0.8822; 0.8785.

Amazon stock continues in the sideways track above the support level 3114.40 despite breaching the support level of the ascending channel that it was moving within last month.

The moving averages are pressing the price further downwards as the 7-20-50 moving averages form a very strong resistance level above the price near the major resistance level 3171.30. Therefore, it will increase the negative pressure on the price to try to breach the support 3114.40.

This coincides with the sideways movement that the stochastic is doing near the oversold area. In general, the price movement will be between 2940.00 as a target for the downside movement. 3230.00 as resistance.

General direction of price movement: sideways movement that tends to decrease

EURUSD

The pair found support at 1.2060 amid moderate optimism coming back in the market. For this reason, there is a possibility of a local pullback of the pair up, but at the same time, its growth will be limited, as investors are waiting for the ECB's decision on monetary policy, which will take place tomorrow.

Technical side:

The price is located below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the 50% level and is moving horizontally. Stoch have entered into overbought zone.

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

Trading idea:

If the pair breaks the 1.2100,  it may result in further growth to 1.2160.

GBPAUD

The overall trend is downward. Ascending patterns of the H4 and H2 levels are truncated. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overbought condition. A breakout of 1.7626 will result in the formation of a descending pattern, which completed the ascending truncated pattern of the H2 level.

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

Trading idea:

Sell on the breakout of 1.7626.

Stop Loss: 1.7700.

Target levels: 1.7550; 1.7440.

#KHC

The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold.

Trading idea:

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

Stop loss under the price pivot zone of 31.57.

Target levels: 35.30; 36.20.

EURUSD

The pair declined significantly over the past week as the demand for risk assets falls, ahead of Joe Biden’s inauguration and the ECB monetary policy meeting. If the negative sentiment in the markets persists, the pair will be highly likely to resume decline.

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 moving horizontally. Stoch are turning up in the oversold zone.

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

Trading idea:

The pair may recover locally to 1.2100, but it’s most likely to decline to 1.2000, either from this mark or after dropping below 1.2065.