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NZDCAD analysis 05.03.2020

The general trend is downward, which is confirmed by 365 and 135 moving averages. The round intermediate range of 0.8450 holds back buyers. A bearish divergence is forming on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Sell strictly while a downward wave pattern is forming, where wave A …

GOLD Spot technical analysis 05.03.2020

Gold is consolidating in the narrow range of 1631.60–1649.25. This dynamic may continue today as the investors wait for the developments concerning the new coronavirus, the US presidential election, the US employment data to be published on Friday.

The price is above the middle Bollinger band, above SMA 5 and …

AUD analysis 05.03.2020

The Australian dollar fluctuated in a narrow range, which is sloping toward decline during the Asian session, to witness its bounce for the third session from the top since February 20 against the US dollar, following the developments and economic data that it had reported on the Australian economy and …

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