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The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session against the US dollar amid a lack of economic data from Eurozone economies and on the eve of economic developments and data expected Wednesday by the US economy, the world's largest ...

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The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session against the US dollar amid a lack of economic data from Eurozone economies and on the eve of economic developments and data expected Wednesday by the US economy, the world's largest economy.

At 5:34 am GMT, the EURUSD rose 0.03% to 1.1373 compared to the opening at 1.1370 after the pair hit a session high of 1.1375 and a low of 1.1365.

Investors are looking forward to the response of the Commission of the European Commission to the proposal of the Italian budget adjusted for 2019, which targets the Italian government deficit of 2.4%, overshadowing the European Union rules that follow that the deficit target in the general budget of the Union countries of the two percent, European Commission President Valdis Dombrovskis said last Friday that Italy is publicly defying EU rules on the budget.

On the other hand, investors are looking for the US economy to see the durable goods sales index, which accounts for about half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect a 2.2% drop from 0.7% in September, The core of the index itself rose 0.4% against stability at zero levels in September.

Technical analysis:

The EURUSD finished yesterday's trading below 1.1443, confirming the rebound to the downside as the price found it difficult to surpass the SMA 50 which formed a strong resistance to last positive price attempts while Stochastic is providing a negative cross.

Therefore, the bearish bias will likely be valid in the coming sessions with steady price below 1.1443, noting that our main targets start at 1.1300 and extend to 1.1181 after breaking the previous level.

The trading range for today is expected between 1.1270 and 1.1443 support.

Support and resistance:

Support: 1.1250-1.1300-1.1270;

Resistance: 1.1443-1.1500-1.1550.

The general trend for today is bearish.

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USDJPY

The pair is trading below 112.65. It’s under pressure due to the decreasing probability of interest rates hike this December, as was hinted at by the Fed member Patrick T. Harker this Friday. 

The price is below the middle Bollinger band, below SMA 5 and SMA 14 ...

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USDJPY

The pair is trading below 112.65. It’s under pressure due to the decreasing probability of interest rates hike this December, as was hinted at by the Fed member Patrick T. Harker this Friday. 

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory, Stoch aren’t informative.

Trading recommendations:

If the pair stays below 112.65, it may drop further to 111.85.

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Cisco shares are trading sideways between the 42.47 support level and the 48.42 resistance level and the SMA 50 is pushing the price and pushing it down.

We note a lack of correlation between the indicators where the moving averages give negative signals while the Stochastic indicator gives ...

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Cisco shares are trading sideways between the 42.47 support level and the 48.42 resistance level and the SMA 50 is pushing the price and pushing it down.

We note a lack of correlation between the indicators where the moving averages give negative signals while the Stochastic indicator gives a bullish cross signal

The intraday path is bearish towards support 43.77 provided stability below 50

Support and resistance:

Support: 45.20-43.66-42.50

Resistance: 46.60-47.22-48.42

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The single currency of the European Union (EU) region rose during the US session, showing a rebound to its sixth lowest session since 27 January 2017 against the US dollar following developments and economic data that followed Monday on the economies of the Eurozone and the US economy. The meetings ...

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The single currency of the European Union (EU) region rose during the US session, showing a rebound to its sixth lowest session since 27 January 2017 against the US dollar following developments and economic data that followed Monday on the economies of the Eurozone and the US economy. The meetings of the Euro group in Brussels.

The euro closed yesterday at 1.1452 after opening at 1.1411.

Today at the Asian session, the Euro opened at 1.1451 and there was little movement.

Technical analysis:

The EUR / USD pair is trading positively with attempts to break through 1.1443, which signals the direction of the price to achieve further gains in the coming period, but needs to get a daily close above it to confirm the continuation of the bullish trend towards 1.1550 as the next positive stop, noting that SMA 50 Is a negative barrier to the attempts of the current price to rise as the price is trading between the moving average 20 and the moving average 50.

We note that the Stochastic is trading in the overbought area, which may give the price more upside as it does not give any bearish signals.

Support and resistance:

Support: 1.1420-1.1360-1.1310

Resistance: 1.1500-1.1550-1.1600

The general trend of neutral trading is waiting for confirmation of any upcoming movement.

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Gold futures traded in a tight range slipping towards the Asian session to see their rebound to its second highest session since Nov. 8, capping the US dollar's fifth decline in seven sessions from its highest since January 22 from In 2017 according to the inverse relationship between them ...

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Gold futures traded in a tight range slipping towards the Asian session to see their rebound to its second highest session since Nov. 8, capping the US dollar's fifth decline in seven sessions from its highest since January 22 from In 2017 according to the inverse relationship between them on the eve of developments and economic data expected Tuesday by the US economy, the largest economy in the world.

Gold futures for December delivery fell 0.20% to currently trade at $ 1,222.80 per ounce, showing a two-week rally from the top of the week at $ 1,225.30 per ounce, while the dollar index The US 0.03% to the levels of 96.17 showing a continuation of the bounce from the highest since the beginning of last year compared to the opening at 96.19.

Investors are looking for the US economy to reveal housing market data with the Housing Starts reading and the Construction Permits Index reading last month. The Building Permits Index is expected to reflect a 0.8% rise to 1,260,000 versus 0.6% at 1,241K. The reading of the Construction Starts Index may show a rise of 2.4% to 1,230,000 versus 5.3% at 1,201,000.

Technical analysis:

 

The price of gold is showing a stable trading above SMA 50 and is gradually creeping towards our positive target at 1238.30, while stochastic negates positive attempts.

Therefore, we will maintain the positive scenario for the upcoming sessions as it did not break the 1208.40 level and stability with daily closing below it.

The trading range for today is among the support at 1210.00 and resistance at 1240.00.

Support and resistance:

Support: 1216.3-1211.3-1208.6

Resistance: 1225.00-1235.00-1240.00

The general trend for today is bullish.

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The US dollar fluctuated in a narrow range slipping towards the Asian session to see its fourth session decline in six trading sessions since October 4th against the Japanese yen following developments and economic data that followed on the Japanese economy and on the eve of developments and economic data ...

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The US dollar fluctuated in a narrow range slipping towards the Asian session to see its fourth session decline in six trading sessions since October 4th against the Japanese yen following developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected on Monday By the US economy, the world's largest economy.

At 05:48 GMT, the USDJPY dropped to 112.40 from the opening levels at 112.53 after hitting the lowest level since November 2 at 112.37, while the pair reached its highest level in trading Session at 112.63.

Technical analysis:

The USDJPY pair touched our first awaited target at 112.46 and is stabilizing. As the price does not support the ascending channel appearing in the picture, we continue to favor the bearish bias in the coming sessions, with our next target at 111.97.

The price is trading below the moving averages and the SMA 50 is pressuring the price to push it further bearish. While the stochastic has reached the oversold area and this reinforces the bearishness

We note that a breach of 112.96 then 113.56 will stop the negative scenario and lead the price to regain the main ascending path again.

The trading range for today is among the key support at 111.80 and resistance at 113.00.

Support and resistance:

Support: 112.5-111.80;

Resistance: 112.75-113.00-113.50.

The general trend for today is bearish.

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London (Reuters) - The British pound fluctuated in a narrowly bullish range during the US session yesterday, completing corrective action following Thursday's worst daily loss in two years against the US dollar, following developments and economic data that followed Monday on the UK economy and its largest US economy World ...

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London (Reuters) - The British pound fluctuated in a narrowly bullish range during the US session yesterday, completing corrective action following Thursday's worst daily loss in two years against the US dollar, following developments and economic data that followed Monday on the UK economy and its largest US economy World economy.

At 5:19 pm GMT, the GBPUSD pair rose 0.11% to 1.2848, compared with the opening levels at 1.2834 after the pair reached a high of 1.2884 and a low of 1.2795.

The UK's RTI saw a 1.7% drop from October's + 1.0%, and the annual reading of the same index dropped 0.2% from 0.9% in the previous year's reading.

Technical analysis:

GBPUSD has been trading around 1.2860 since yesterday and the price remains steady below 1.2962 pivotal resistance, so there is no change in the bearish scenario supported by the negative pressure coming from SMA 50. The Stochastic is on a sideway and does not give any clear signals, and we are waiting for a move towards 1.2636 which is our next main target.

The trading range for today is among the 1.2750 support and the 1.2920 resistance.

The general trend for today is bearish.

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USDJPY

The pair is trading above 112.65. It may correct upwards against the background of profit taking following last week’s significant drop of the USD rate.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are ...

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USDJPY

The pair is trading above 112.65. It may correct upwards against the background of profit taking following last week’s significant drop of the USD rate.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are trying to reverse upwards.

Trading recommendations:

If the pair takes hold above 112.65, it may go further up to 113.25 before resuming its decline.

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The single currency of the European Union region rose significantly, showing its five-year low since 27 January, 2017, against the US dollar following developments and economic data that followed on Friday the economies of the eurozone and the US economy, the largest economy in the world, which included European Central ...

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The single currency of the European Union region rose significantly, showing its five-year low since 27 January, 2017, against the US dollar following developments and economic data that followed on Friday the economies of the eurozone and the US economy, the largest economy in the world, which included European Central Bank Governor Mario Draghi speaking at the Frankfurt European Banking Conference.

Today, at the opening of the Asian session, we see a correction and a slight decline of the EURUSD against the USD to 1.1400, compared with the opening levels at 1.1411 after the pair reached its highest level since November 8 at 1.1424.

Technical analysis:

The EURUSD pair rallied strongly to near our main target at 1.1443, reinforcing our bullish outlook, noting that a breach of this level would extend the pair's gains to 1.1550 as the next major station, while stability above 1.1300 is an important requirement for continued bullishness.

We are trading above the moving averages 7-20-50 and wait for the ideal order to consolidate its bullish movement. The Stochastic is moving in the overbought zone and a cross signal appears indicating a possible correction movement.

Support and resistance:

Support: 1.1342-1.1300;

Established: 1.1443-1.1500.

The general tendency: upward.

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The British pound rose during the US session in corrective action following yesterday's worst daily performance in two years against the US dollar amid a lack of economic data by the British Royal economy in the last session of the week and following the developments and economic data that ...

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The British pound rose during the US session in corrective action following yesterday's worst daily performance in two years against the US dollar amid a lack of economic data by the British Royal economy in the last session of the week and following the developments and economic data that followed Friday on the US economy, the largest economy in the world.

Today, at the opening of the Asian session, we saw sterling open on a price gap at 1.2841.

Technical analysis:

GBPUSD is trading below the 1.2800 level, so the negative pressure remains intact, awaiting a move towards 1.2636, which is our next main target, while noting the importance of stability below 1.2962 to sustain the suggested bearishness.

Trades below the moving averages 20-50 which is negative pressure on the price and push it to the downside and break the moving average 7. At the same of the time the Stochastic is showing a bearish cross.

The trading range for today is expected among 1.2680 support and 1.2850 resistance.

Support and resistance:

Support: 1.2800-1.2746-1.2680;

Resistance: 1.2850-1.2896-1.2930-1.2978.

The general trend for today is bearish.

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