EUR/USD, GBP/USD & XAU/USD Trading Analytics as of 30/01/2023

Analytics review of popular trading pairs, based on complex analysis of modified waves, Fibonacci levels and price channels

EUR/USD

The trend is ascending. The formation of the downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 1.0880 will result in formation of the upward wave structure.
 

Trading idea:

Buy at the breach of 1.0880;

Stop-loss: 1.0836;

Target price level: 1.0928;

The trading strategy: along with the current upward trend.
 

GBP/USD

The overall trend is ascending. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The decline to the interval between 365 and 135 ЕМА to the support level 1.2350 is probable.
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Trading idea:

After the decline to the range of the support level around 1.2350 one must built the sloping channel along the descending structure. Buy when the formation of the downward wave structure finishes with the breach of the sloping channel of the ascending structure;

Stop-loss is under the local minimum of the descending structure;

Target price level: 1.2418; 1.2445;

The trading strategy: along with the current ascending trend.
 

XAU/USD
 

The overall trend is ascending. The gold is traded in the cumulative interval of 1920.0-1943.0. Consider purchases at the lower border of the cumulative zone when the reversal 'Hammer' candlestick pattern or 'Key Reversal' pattern are forming.
 

Trading idea:

Buy at the lower border of the cumulative zone (1920.0) when the reversal 'Hammer' candlestick pattern or 'Key Reversal' pattern are forming;

Stop-loss: under the minimum of the reversal pattern;

Target price levels: 1934.80; 1943.00;

The trading strategy: along with the current ascending trend.