Analytic reviews

EURUSD

The pair rises, but currently remains in a short-term flat trend ahead of Joe Biden’s inauguration and possible new stimulus measures for the US economy. The price may fall if today’s consumer inflation data shows growth.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level. Stoch are in the overbought zone.

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

Trading idea:

If the price goes below 1.2205, sell the pair with a probable further decline to 1.2140.

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 deprivation 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 reached a local low of 1.2175 amid falling demand for risky assets and higher yields on US government bonds. But today, if the market sentiment changes to positive sentiment, expect a local increase in the pair.

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 turning up. Stoch intersect in the oversold zone.

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

Trading recommendations:

Buy the pair with its probable growth to 1.2270.

#NESN

The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence. Probably an H1 descending pattern is the wave (B) of an H8 level ascending pattern.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of an H1 level descending pattern.

Stop Loss: 100.90.

Target levels: 105.12; 106.84.

USDCHF

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H4 level is currently 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 of the H4 level.

Stop loss for the local maximum of the H4 pattern.

Target levels: 0.8821 (price pivot zone); 0.8758.

EURNZD
The currency pair is trading in the range of the lower limit of a flat range. The descending H4 level pattern and the descending H1 level pattern are currently truncated. Probably a reversal wave pattern is formed. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals an oversold condition.
EURNZD 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 H1 level pattern.

Stop loss under the round secondary level of 1.7080.

Target levels: 1.7215; 1.7345.

USDCAD

The pair is declining amid the low oil stockpiles in the US, as seen from the released data. Another negative factor for the pair is the weak US dollar and the positive outlook for commodity assets as the global economy recovers.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and continues to decline. Stoch have turned down.

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

Trading idea:
The pair may drop in the first days of the new year to 1.2700.

#GD
The overall trend is upward. The stock is trading in the range of 135 and 365 moving averages. The descending H1 level pattern is currently truncated. A bullish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are directed upwards from the oversold zone.

Trading idea:

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

Stop loss below the support level of 146.30.

Target levels: 155.30; 168.00.

#ITW

The overall trend is upward. The descending pattern is truncated. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence. Breaking through the resistance level of 205.20 will result in the formation of an upward pattern within the overall uptrend.

Trading idea:

Buy on the breakout of the resistance level 205.20.

Stop Loss: 198.00.

Target levels: 213.60; 224.00.

EURUSD

The pair remains in a short-term uptrend as Brexit deal brings stability, while the new support package in the US also weakens the dollar.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and continues to grow. Stoch have turned up.

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

Trading recommendations:

If the price goes above 1.2250, it will rise further to 1.2300.