Analytic reviews

EURCAD

The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The descending wave pattern is probably the wave (B) of the ascending pattern.

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 under the local minimum of the descending pattern.

Target levels: 1.4816 (a trap for pro); 1.4876.

#BIIB

The support level of 264.0 restrained sellers. The descending wave pattern is truncated. The Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern is broken.

Trading idea:

Trading idea:

Buy on the breakout of 271.64.

Stop Loss: 264.00.

Target levels: 284.50; 290.00.

EURUSD

The pair continues to consolidate in the range of 1.2170-1.2260 on the wave of expectations for the publication of important data on employment in the US, which will be published today by ADP, and on Friday by the US Department of Labor.

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. The Stoch are turned down.

Trading Idea:

The pair will consolidate today in the above range. Noticeable movements can occur if the data on the number of new jobs from ADP shows a noticeable difference from the forecasts. Strong ones will push the pair down, weak ones will push it up.

EURNZD

The ascending pattern of the H2 level is truncated, the inner pattern is also truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending truncated of the H2 level is the wave (B) of the descending wave pattern of the H8 level.

EURNZD 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 (H2).

Stop Loss for the local maximum of the ascending pattern.

Target levels: 1.67.80 (round minor level); 1.6700 (trap + round important level).

EURUSD

The pair continues to consolidate in the range of 1.2170-1.2260 due to expectations for the important data on employment in the US, which will be published on Thursday by ADP, and on Friday by the US Department of Labor.

Technical side:

The price is located at the level of the middle Bollinger band, below SMA 5 and SMA 14. Moving averages give a sell signal by crossing. RSI crosses the 50% level and also gives a sell signal. Stoch are entering the oversold zone.

Trading idea:

The pair may consolidate today in the above range. Buy from the lower limit of this range.

#BN

The overall trend is upward. The descending wave pattern is truncated. The support level of 57.86 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

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: 57.86.

Target level is 60.85.

AUDUSD

The currency pair is trading in the range of the upper limit of the descending price channel. The ascending wave pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence. The inclined channel of the ascending pattern is broken.

Trading idea:

Sell when a descending pattern is formed.

Stop Loss:  0.7775.

Target levels: 0.7700; 0.7680.

#AI

The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The entry point "on the rollback in B" is formed.

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 under the local minimum of the descending pattern (138.85).

Target levels: 141.90; 144.00.

EURUSD

The pair actually froze amid the data on inflation in the eurozone, employment in Germany and business activity indices in the manufacturing sector of the eurozone and the US, which will be published today. If the data on inflation in the eurozone and production indicators show at least some positive dynamics, this will push the pair to a limited upward growth.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and moves horizontally. Stoch are not informative in the overbought zone.

Trading idea:

Buy the pair after its breakout of 1.2260 with its likely growth to 1.2345.

GBPCAD

The overall trend is downward. The price pivot zone of 1.7170 holds back buyers. The ascending wave pattern of the H8 level is truncated. A bearish divergence has formed on Awesome Oscillator, and the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when a descending wave pattern is formed, which will complete the ascending truncated pattern by breaking through the inclined channel.

Stop loss under the local maximum (1.7170).

The target level is 1.6860.