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Gold analysis 25.01.2022

25.01.2022

Technical reviews

Gold price resumed its positive trading after the decline it witnessed yesterday, as it consolidated above 1830.00 level, to keep the bullish trend valid on the intraday term, organized within the bullish channel that has positive targets that start by testing the 1860.00 areas.

The moving average 50 supports the …

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Olympics: the clock is ticking

25.01.2022

Technical reviews

News of the day, Tuesday, 25 January

Foreign enterprises operating in China became very vulnerable with the new Omicron variant spread. China’s strict localized lockdown strategy has been showing a delightful performance so far, but that was an “old” COVID-19 case. The contagious Omicron might cause more lockdowns. Surely, they …

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GBP/USD currency pair analysis 25.01.2022

25.01.2022

Technical reviews

The GBP/USD pair traded with strong negativity yesterday, to achieve our first extended target of 1.3460 and try to break it, affected by the previously completed double top pattern, waiting for more decline to visit 1.3400 as a next corrective station.

Therefore, we expect the bearish bias to continue in …

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EUR/USD currency pair analysis 25.01.2022

25.01.2022

Technical reviews

The descendant truncated wave structure of the H4 level has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence. The entry point is forming on the correction wave B.

Trade idea:

Buy when breaching 1.1335.

Stop loss below the support level 1.1288.

Target levels: 1.1420; 1.1480.

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Deutsche Telekom AG (XETRA)

25.01.2022

Technical reviews

#DTE

The general trend is ascendant. History mirror level 15.42 has restrained sellers. The descendant truncated wave structure has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence.

Trade idea:

Buy when breaching 16.33 level.

Stop loss is below the mirror level of 15.42.

Target levels: 17.18; 17.72.

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Looming political tension again

24.01.2022

Technical reviews

News for today, Monday, January 24

After a volatile week, the market has frozen in wait for the Federal Reserve’s meeting again. One more Jerome Powell’s press conference and monetary policy updates will undoubtedly cause some more turmoil after Tuesday. However, until then… DOW J has lost 1,30%, NYSE composite …

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Gold analysis 24.01.2022

24.01.2022

Technical works

Gold price rebounded upwards after testing the support floor 1830.00, to keep the bullish trend scenario valid and effective on the intraday term, organized within the bullish channel that appears on the image, waiting to visit the level of 1860.00 mainly.

The moving average 50 continues to support the suggested …

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GBP/USD analysis 24.01.2022

24.01.2022

Technical works

The British pound against the dollar is trading below the broken neckline of the double top pattern, to keep the negative pressure valid for the upcoming period, noting that the targets of the negative pattern cross 1.3530 to reach 1.3460 then 1.3400.

Therefore, the bearish trend will remain dominant over …

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Jonson Jonson (NYSE)

24.01.2022

Technical works

#JNJ

The general trend is ascendant. The descending wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure forms where the wave (A) breaches the inclined channel of the descending wave structure.

Stop loss below the local …

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NZD/USD currency pair analysis 24.01.2022

24.01.2022

Technical works

NZD index is traded along the support level of 67.10. The currency pair NZD/USD shows the descendant truncated wave structure of the H1 level testing the support level of 0.6701. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator shows oversold conditions.

Trade idea:

Buy on breaching 0.6728.

Stop loss below …

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