Market Analysis 7 July 2021

Market Analysis AUDUSD


US tech giants Facebook (NASDAQ: FB), Google (NASDAQ: GOOG) and Twitter (NYSE: TWTR) have privately warned the Hong Kong government that they may stop offering their services in the city if authorities continue to implement changes to the protection law. data, The Wall Street Journal reported on Monday. The price of Brent oil is $77.39 per barrel, WTI—$76.65. EUR/USD at 1.1882, GBP/USD-1.3887, gold at $1,806.10 an ounce.

Trading ideas for Deutsche Bank AG (XETRA)

#DBK

The overall trend is up. The descending wave pattern was cut off and ended with a break of the sloping channel. The stock is trading in the range of the lower boundary of the ascending price channel. Awesome Oscillator is showing a bullish divergence.
Trading ideas for Deutsche Bank AG (XETRA)


Trading ideas:

Buy on the formation of the ascending wave structure - on the break of 11.16.

Stop Loss below the local minimum – 10.70.

Target level – 11.88; 12.50.

AUDUSD analysis

The overall trend is down. The currency pair is trading within the range of its moving averages of 135 and 365 which are directed downwards. Awesome Oscillator is showing bearish divergence. Stochastic Oscillator signals overbought conditions.

AUDUSD analysis



Trading ideas:

Sell on the formation of a downward wave structure, where wave (A) broke through the sloping channel of the upward structure.

Stop Loss for local maximums.

Target level – 0.7509; 0.7450.



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