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Nasdaq rose after Treasury yields fall

24.06.2022

Technical reviews


News of the day, Friday, June 24

European stock futures were up today, boosted by the previous Wall Street rally. The DAX futures climbed 0.6%, CAC 40 futures rose 1.1%, and the FTSE 100 futures were up 0.7%.

The U.S. dollar slipped today amid global inflation worries. The Dollar index …

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EUR/USD currency pair analysis

24.06.2022

Technical reviews

The EUR/USD pair was unable to stabilize above the resistance level at 1.0550, and bounced down to near the main support 1.0475, then returned to rise with today's trading, under the positive influence of the moving average 50, which pushed the price to rise. Also, the stochastic indicator is positive. …

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GBP/USD currency pair analysis

24.06.2022

Technical reviews

The pound against the dollar continues to move sideways, as it failed to break the 1.2200 support for the third time and rebounded upwards towards the 1.2340 resistance. Therefore, it maintains trading stability above the mentioned support level, and this reinforces the hypothesis of the bullish scenario, which is confirmed …

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Gold analysis

24.06.2022

Technical reviews

Gold continues to fluctuate sideways between the support level 1827.20 and the resistance 1846.70.

It returned to test the support and managed to breach it slightly, and we await confirmation of the break until confirming the start of the bearish path, which is likely to extend to the level of …

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Trading idea for JPMorgan Chase Co. (NYSE)

24.06.2022

Technical reviews

#JPM

The mirror level 111.45 restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss: 111.45.

Target levels: 123.00; 128.56.

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NZD/JPY currency pair analysis

24.06.2022

Technical reviews

The general trend is ascendant. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant structure is breached.

Trading idea:

Buy when level 85.080 is breached.

Stop-loss: 84.270.

Target levels: 85.80; 86.50.

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Wall Street closed lower thanks to the hawkish Fed

23.06.2022

Technical reviews


News of the day, Thursday, June 23

European stock futures slid today, with DAX futures down 0.3%, CAC 40 futures lower by 0.3%, and FTSE 100 futures by the same 0.3%.

The U.S. dollar edged higher today, with the Dollar index up 0.4%, EUR/USD down 0.2%, and GBP/USD down 0.4%. …

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Trading idea for Boeing Co. (NYSE)

23.06.2022

Technical reviews

#BA

The trend is descendant. The ascendant wave structure is truncated. Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant structure is breached.

Trading idea:

Sell when level 133.24 is breached.

Stop-loss: 141.00.

Target levels: 126.89; 113.40.

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EUR/USD currency pair analysis

23.06.2022

Technical reviews

The EUR/USD pair was able to settle above the resistance level at 1.0550 after the bullish movement that was formed with the closing of yesterday's trading. Therefore, the bullish scenario continues, and the initial targets will be 1.0600 and then 1.0645. With the support of the moving averages, the bullish …

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GBP/USD currency pair analysis

23.06.2022

Technical reviews

The pound against the dollar continues to move sideways, as it tested the support level 1.2190, and returned to rise to the trend line level, which it has been trying to breach since the beginning of today's trading. But it is affected by the negativity of the stochastic indicator, so …

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