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05.05. Fresh trading analysis: European markets are up, dollar strengthens

05.05.2021

Technical reviews

Wednesday, May 5th, today’s news—European markets rebound on positive corporate earnings, investors monitor important economic data releases. Ethereum hits a record high, outpaces bitcoin in growth, US Treasury Secretary Janet Yellen hints at higher interest rates, dollar is up. The price of Brent oil is $69.72, WTI—$66.44, EUR/USD is at 1.1990, …

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Gold analysis

05.05.2021

Technical reviews

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness their rebound for the second session in five sessions from the lowest since mid-April amid the bounce of the US dollar index for the second session from its highest …

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Gazprom analysis

05.05.2021

Technical reviews

 

 

 

Gazprom shares returned to test the resistance level at 235.50 again, and continues with the sideways movement that it was moving within after it tested the previous resistance and rebounded from it.

The price is moving above the 7-20-50 moving averages that are forming support levels for …

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EURUSD technical analysis

05.05.2021

Technical reviews

EURUSD

The pair is trading at 1.2000 ahead of ADP employment report. New jobs are expected to have risen in April by 800,000 compared to the March value of 517,000. If the released data conforms to the predictions or even beats them, it will weigh on the pair locally.

Technical …

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USDSEK analysis

05.05.2021

Technical reviews

USDSEK

The overall trend is downward. The ascending wave H2 level pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.

USDSEK rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the …

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EURUSD analysis

04.05.2021

Technical reviews

The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement for the third consecutive session from its highest since February 26 against the US dollar on the cusp of economic developments and data expected today, Monday by the …

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Google stock analysis

04.05.2021

Technical reviews

 

 

Google's stock was able to rise and breach the resistance level, thus confirming the bullish path and continuing to rise

The moving averages support the upward movement of the stock which is moving below the price, as the 50 average moves near the support level of 2120.00 and …

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04.05. Fresh trading analysis: markets are mixed, earnings and economic data in focus

04.05.2021

Technical reviews

Tuesday, May 4th, today’s news—European markets are mixed as India COVID-19 surge raises concerns, while economic recovery prospects support optimism, mining and travel stocks lead. Oil prices rise, dollar is up amid a surprise slowdown in manufacturing growth, gold is down. The price of Brent oil is $68.25, WTI—$65.15, EUR/USD is at …

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GOLD Spot technical analysis

04.05.2021

Technical reviews

GOLD Spot

 

The price of gold remains in the range of 1762.00–1797.00. Generally, positive market sentiment and the absence of a strong increase in Treasury yields will support local demand for gold.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. …

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Trading Idea for CME Group Inc. (NASDAQ)

04.05.2021

Technical reviews

#CME

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. A start fractal has formed above the 135 EMA. A breakout of the start fractal will result in the formation of an ascending pattern of 1-2-3. Awesome Oscillator shows a bullish …

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