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Gold analysis

30.06.2022

Technical reviews


Gold prices stabilized below the support level of 1827.20, thus the price confirms the downside path after testing the resistance 1830.00 at the trend line and the moving average 50.

After that, it rebounded lower towards the next support level 1810.90, and the bearish movement is likely to extend towards …

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GBP/USD currency pair analysis

30.06.2022

Technical reviews


The pound against the dollar continues its bearish movement, as it confirmed the breach of the 1.2200 support level and is approaching the next support 1.2100.

We are likely to see some correction to the upside as a result of the positive signal that comes from the stochastic indicator, and …

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EUR/USD currency pair analysis

30.06.2022

Technical reviews


The EUR/USD pair was able to break the support level 1.0475, thus starting the descending path towards the support level 1.0400, which is likely to continue the bearish scenario provided that trading remains below the support level 1.0475.

The price is currently forming a rebound upward movement, as a result …

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Wall Street slid after weak consumer confidence data

29.06.2022

Technical reviews


News of the day, Wednesday, June 29

Wall Street closed sharply lower yesterday amid recession fears. The S&P and Nasdaq lost about 2% and 3% respectively, with Apple, Microsoft, and Amazon losing the most.

Oil prices fell today after three days of a rally with Brent crude down 0.8%, and …

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Trading idea for Diageo (LSE)

29.06.2022

Technical reviews

#DGE

The British alcohol company has announced yesterday that it quits the Russian market. This will lead to serious losses.

The share is traded inside the span of the descendant price channel’s lower border. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the …

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EUR/USD currency pair analysis

29.06.2022

Technical reviews

The EUR/USD pair returned to the bearish rebound after it failed to stabilize above the resistance level at 1.0550. To approach the 1.0500 support. And it breaches the SMA50 level in an attempt to reach the main support 1.0475, under the negative influence of the stochastic indicator.

Moving below the …

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GBP/USD currency pair analysis

29.06.2022

Technical reviews

The GBP/USD pair is testing the 1.2200 support level, which constitutes the minimum for the two-week sideways movement. And that after it breached the level of the moving averages, which are now moving above the price. It is also affected by the negativity of the stochastic indicator.

Therefore, the bearish …

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Gold analysis

29.06.2022

Technical reviews

Gold is traded in the span of the descendant price channel’s lower border. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when level 1823.00 is breached.

Stop-loss: 1818.00.

Target levels: 1824.40; 1840.00.

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Stocks rise as China eases COVID-19 lockdowns

28.06.2022

Technical reviews


News of the day, Tuesday, June 28

Oil prices jumped today as G7 nations have announced to strengthen sanctions against Russia. Brent crude futures rose 1.21%, and WTI crude futures were up 1,2%.

Stock indexes rose around the globe as China eased quarantine requirements. MSCI’s broadest index of Asia-Pacific outside …

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Trading idea for Boeing Co. (NYSE)

28.06.2022

Technical reviews

#BA

The trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C of the ascendant structure is breached.

Trading idea:

Sell when level 136.08 is breached.

Stop-loss: 142.00.

Target levels: 130.20; 113.50.

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