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Trading idea for General Electric Company (NYSE)

08.08.2022

Technical reviews


#GE

The general trend is descendant. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator sliding indicators have left the overbought zone.

Trading idea:

Sell on a breakout of 73.10.

Stop-loss: 76.34.

Target levels: 70.00; …

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GBP/CHF currency pair analysis

08.08.2022

Technical reviews


The support level of 1.1564 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. Awesome Oscillator indicates bullish divergence. On the H4 and H1 timeframes, a key reversal pattern was formed.

Trade idea:

Buy on the breakdown of 1.1628.

Stop-loss: …

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The U.S. dollar reverses losses; EU stock market rises

05.08.2022

Technical reviews

Commodities market

Oil prices rose today as supply shortages were strong enough to cancel out fears of slackening fuel demand. Brent crude rose 0.6%, and WTI crude rose 0.8%.

Key tickers:

Brent: 94.75 — neutral.

WTI: 89.20 — buy.

NG: 8.096 — strong sell.

Foreign exchange market

The U.S. dollar …

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Gold analysis

05.08.2022

Technical reviews


Gold was able to breach the previous top and approached 1800.00 levels to complete the bullish path that aims to breach 1800.00 levels and reach 1830.00 in the medium and long term.

The negative signal from the stochastic indicator might make us witness some bearish correction until the support levels …

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GBP/USD currency pair analysis

05.08.2022

Technical reviews


The pound against the dollar continues to move sideways below the resistance 1.2175, as it did not form any change from yesterday's movement.

The pound sterling against the dollar settled below the 1.2175 level around the moving average 50, pressing the price to rise again and breach the 1.2175 level. …

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EUR/USD currency pair analysis

05.08.2022

Technical reviews


The EUR/USD pair reached the resistance level of 1.0250 after rebounding from the support 1.0170 to continue the sideways path between the two previous levels.

Stochastic is giving a negative sign for the movement, so we are likely to see a bearish correction and a drop in the price to …

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Trading idea for Southwestern Energy Corporation (NYSE)

05.08.2022

Technical reviews


#SWN

The "flag" trend continuation pattern is forming. Mirror level 6.40 is restraining the sellers. A bullish divergence forms on the Awesome Oscillator indicator, and the Stochastic Oscillator is signaling oversold.

Trading idea:

Buy on a breakout of 6.65.

Stop Loss: 6.40.

Target levels: 6.91; 7.46.

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NZD/JPY currency pair analysis

05.08.2022

Technical reviews


The support level of 83.44 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. The Awesome Oscillator indicator has bullish divergence. An entry point "on the pullback B" is formed.

Trading idea:

Buy on the formation of an upward wave …

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European stock futures rise ahead of policy meeting in the UK

04.08.2022

Technical reviews

Commodities market

Oil prices rose today as supply concerns triggered a bounce from multi-month lows. Brent crude futures rose 0.1%, and WTI crude futures rose 0.2%.

Key tickers:

Brent: 96.27 — strong sell.

WTI: 90.41 — strong sell.

NG: 8.277 — сильный тренд на покупку.

Foreign exchange market

The U.S. …

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Gold analysis

04.08.2022

Technical reviews


Gold prices returned to stability above the 1770.00 resistance after yesterday's correction. Thus, we maintain the bullish scenario, which will likely push the price to retest the 1783.00 resistance level again. But in general, we remain in anticipation for the US data that will be released tomorrow, Friday, which will …

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