EUR/USD, GBP/USD & XAU/USD Trading Analytics as of 31/01/2023

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

EUR/USD

The trend is ascending. Downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure;

Stop-loss: under the local minimum of the descending structure (1.0836);

Target price levels: 1.0887, 1.0928;

The trading strategy: along with the current ascending trend.
 

GBP/USD

The overall trend is ascending. The pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;

Stop-loss: under the local minimum of the descending structure (1.2330);

Target price levels: 1.2390, 1.2418;

The trading strategy: along with the current ascending trend.
 

XAU/USD

The overall trend is ascending. The pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;

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

Target price levels: 1940.00; 1948.80;

The trading strategy: along with the current ascending trend.