Analytic reviews

NZDCAD

The descending wave pattern of the M30 level is truncated and ended with the breakout of the inclined channel. A bullish divergence has formed on Awesome Oscillator. The CAD index is trading in the range of the historical resistance level, and the NZD index is trading in the range of the lower limit of the ascending price channel.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop loss under the local minimum of the descending truncated pattern.

Target levels: 0.8842; 0.8900.

#DVA

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop loss under the local minimum of the descending pattern.

Target levels: 124.50; 129.35.

GBPUSD

The pair is consolidating in a narrow range of 1.4100-1.4220 due to, on the one hand, the imminent publication of important employment data in America this week, and on the other, the weekend in America and the UK.

Technical side:

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

Trading idea:

Expect sideways dynamics in the pair's movement in the range of 1.4100-1.4220.

#ICE

The overall trend is upward. The downward pattern ended with the breakout of the inclined channel. Awesome Oscillator has formed a bullish divergence, and Stochastic Oscillator signals oversold conditions. Breaking through the resistance level of 114.34 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading idea:

Buy at the breakout of 114.34.

Stop Loss: 109.66.

Target level: 121.37.

EURUSD

 The overall trend is upward. The price pivot zone of 1.2170 deters sellers. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The currency pair is trading in the range of 365 and 135 moving averages.

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 (1.2170).

Target levels: 1.2220 (round secondary level); 1.2260 (specialist trap).

EURUSD

The pair began to consolidate waiting for important data on employment in the US, which will be published next Friday.

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 entering the oversold zone.

Trading Idea:

If the pair holds above 1.2170, it may consolidate in the range of 1.2170-1.2260 during the day.

EURUSD

The pair remains in a short-term uptrend. It found support at 1.2170, which is technically "strong". If it stays above it, and the market sentiment is positive, expect a local reversal of the pair's growth resumption.

Technical side:

The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and shows an upward turn. Stoch are moving out of the oversold zone.

Trading idea:

Buy a pair with a target of 1.2260.

#AAP

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The price pivot zone of 187.0 deters sellers.  Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when ascending pattern 1-2-3, where wave 1 breaks through the upper limit of the descending price channel.

Stop loss under the price pivot zone of 187.0.

Target level: 210.0.

CADCHF

The overall trend is upward. The bears are testing the 0.7392 support level. Stochastic Oscillator signals oversold conditions. Probably, the downward movement is a wave (B) of the ascending pattern of the D1 level.

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 local minimum of the descending structure.

Target levels: 0.7507; 0.7565.

#RIO
The overall trend is upward. The stock is trading in a corrective (downward) price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:
Buy the pair when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper limit of the descending price channel.
Stop Loss under the local minimum.
Target levels: 64.16; 67.60.