Expert review round-up: Daily trading analysis during the crisis for July 3rd
Friday, July 3rd, today’s news—optimism returns to the markets: yesterday's trading closed with a plus in the US and the EU. Released employment numbers turned out to be better than predicted, successful virus drug trial also contributed to the optimistic sentiment. EUR/USD is at 1.1239; GBP/USD—1.2464; Brent oil is $42.58 per barrel, WTI—$40.10; gold is $1,784.25. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
Video review: new US employment numbers
Unemployment is on the rise in the US due to the new possible coronavirus outbreaks. Watch the new video by our Chief Analyst Vladimir Rojankovski learn how it will impact the markets. Subscribe to our YouTube channel and never miss an update!
USDCAD analysis
A descending truncated H2 level pattern is forming, probably a wave (B) of the ascending H8 level pattern. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition. Keep track of the rate changes in real time.
Trading recommendations: buy when an ascending pattern is formed, where wave (aC) breaks through the inclined channel of the descending truncated H2 level pattern.
EURUSD technical analysis
The pair is consolidating in a narrow range, as a public holiday, Independence Day, is observed in the US. Low market activity is expected today. Keep track of the rate changes in real time.
Trading recommendations: buy the air when it drops with a target level of 1.1300.
Trading ideas for Intel Corp. (NASDAQ)
The support level 56.70 deters sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition. Keep track of the rate changes in real time.
Trading recommendations: buy when a 1-2-3 ascending pattern is formed: above 59.90; stop loss below the support level of 56.70; target levels: 64.00, 67.60.
Useful info and online charts
Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.
*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.
