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The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce to the second session from the lowest since February 10 against the US dollar, following the developments and economic data that it had reported on the Australian economy and on ...

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The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce to the second session from the lowest since February 10 against the US dollar, following the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected on Wednesday by the US economy These include the FOMC panel talk and the release of the FOM minutes.

At 02:26 am GMT, the Australian dollar pair rose against the US dollar by 0.16% to 0.6697 levels, compared to the opening levels at 0.6686, after the pair achieved its highest during the trading session at 0.6701, while achieving the lowest at 0.6684.

This has been followed up on the Australian economy by the release of the leading indicators reading by the Melbourne Institute, which showed an increase of 0.1% against stability at zero levels last December, and this came before the disclosure of labor market data with the release of the wage price index, which showed stable growth at 0.5% are in line with expectations during the fourth quarter, as the annual reading of the same index showed stability in growth of 2.2% also in line with expectations.

On the other hand, investors are currently awaiting by the US economy the disclosure of the producer price index reading, which is an initial indicator of inflation, which may reflect the stability of growth at 0.1% compared to during December, while the fundamental reading of the same indicator may show acceleration of growth to 0.2% against 0.1%, in conjunction with a speech by Federal Reserve Board member and President of Cleveland Bank Loretta Mister at the Women's Executive Forum in Philadelphia.

This also comes in conjunction with the disclosure of housing market data, with the release of both the beginning construction index and the building permit index, and amid expectations that the reading of the building permits index will reflect a 2.1% increase to about 1,450 thousand permits compared to a decline of 3.9% at 1,416 thousand permits in December / December, while the reading of the index of start-up homes, may reflect a decline of 12.0% to about 1,415 thousand homes compared to a rise of 16.9% at 1,608 thousand homes.

Reaching the upcoming event today, the Federal Reserve revealed the minutes of the Federal Open Market Committee meeting held on January 28-29, in which the Federal Reserve monetary policy makers decided to keep interest rates on federal funds at between 1.50% And 1.75% for the third consecutive meeting at the time.

Technical analysis

The Australian dollar versus the US dollar trades stable near the 0.6670 level, and we wait for the breach of this level to confirm the continuation of the bearish trend in the intraday and short term, where our next target is located at 0.6560.

The stochastic and the moving average 50 provide negative signals that support the chances of achieving the required break, to keep our expectations for the bearish direction for the coming period, provided that the price maintains its stability below 0.6754.

The expected trading range for today is between 0.6650 support and 0.6720 resistance.

Expected trend for today: bearish.

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USDCAD (19.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

1.3154; 1.3191; 1.3226; 1.3270.

1.3320; 1.3270; 1.3226; 1.3191.

1-3TF

Time of  publication of important economic news

USD – 16:30; 22:00.

CAD – 16:30.

 

USDJPY (19.02 ...

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USDCAD (19.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

1.3154; 1.3191; 1.3226; 1.3270.

1.3320; 1.3270; 1.3226; 1.3191.

1-3TF

Time of  publication of important economic news

USD – 16:30; 22:00.

CAD – 16:30.

 

USDJPY (19.02.2020)

Time frame

Trend

Call levels

Put level

Xpir time

Н1

bullish

108.30; 108.80; 109.30; 109.65; 110.12.

110.00; 109.65; 109.30; 108.80.

1-3TF

Time of  publication of important economic news

USD – 16:30; 22:00.

 

 

When buying an option against a trend, it is necessary to confirm other technical analysis tools – the presence of divergence, candlestick reversal patterns. Buy against the trend strictly on the retest level! Buying an option before publishing important economic news is considered risky.  The expiration time depends on the strength of the level and confirmation by additional technical and fundamental analysis tools.

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The resistance level of 136.24 is holding back buyers. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator indicator indicates overboughtness. An ascending truncated pattern has formed.

Trading recommendations:

Sell while the descending pattern is forming, where wave (A) breaks through the inclined channel of the ascending pattern. Sell ...

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The resistance level of 136.24 is holding back buyers. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator indicator indicates overboughtness. An ascending truncated pattern has formed.

Trading recommendations:

Sell while the descending pattern is forming, where wave (A) breaks through the inclined channel of the ascending pattern. Sell on breaking the wave (A) while a descending structure is forming.

Stop loss for the resistance level of 136.25.

Target levels: 129.30; 123.10; 120.00.

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The pair consolidates above 1.2985 in anticipation of the UK consumer inflation data. The pair will continue falling if the indicators are worse than predicted. At the same time, if the data is above the expected values, the pair will receive significant support.

The price is below the middle ...

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The pair consolidates above 1.2985 in anticipation of the UK consumer inflation data. The pair will continue falling if the indicators are worse than predicted. At the same time, if the data is above the expected values, the pair will receive significant support.

The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI is below the 50% level and moves horizontally. Stoch are below the 50% level and indicates a weakening of the price decline.


Trading recommendations:

Make a decision based on the released data.The price can turn up and surge to 1.3070 in case of positive news. In the opposite scenario, there is a high probability of a drop to 1.2920.

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The resistance level of 83.10 continues to hold back buyers. At the moment, the ascending pattern is truncated. Awesome Oscillator indicator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. A price pivot zone of 82.65 has formed, which now serves as a support level.

Trading recommendations:

Sell ...

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The resistance level of 83.10 continues to hold back buyers. At the moment, the ascending pattern is truncated. Awesome Oscillator indicator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. A price pivot zone of 82.65 has formed, which now serves as a support level.

Trading recommendations:

Sell while a descending wave pattern is forming below the price pivot zone of 82.65.

Stop loss for the resistance level of 83.10.

Target levels: 82.25; 81.60.

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The Australian dollar fell during the Asian session to witness the lowest since February 11 against the US dollar after the disclosure of the minutes of the Australian Central Bank meeting and on the cusp of developments and economic data expected today by the American economy, which includes the speech ...

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The Australian dollar fell during the Asian session to witness the lowest since February 11 against the US dollar after the disclosure of the minutes of the Australian Central Bank meeting and on the cusp of developments and economic data expected today by the American economy, which includes the speech of a member of the Federal Open Market Committee and President of the Minneapolis Bank The Federal Reserve on the proposal to amend education in Minnesota at the Council of Indian Affairs in Minnesota in St. Paul.

At exactly 03:04 AM GMT, the Australian dollar pair declined against the US dollar by 0.40% to 0.6687 levels, compared to the opening levels at 0.6714, after the pair achieved its lowest in a week at 0.6684, while it achieved its highest during the trading session at 0.6716.

We have followed the Reserve Bank of Australia’s disclosure of the minutes of its meeting held on the fourth of this month in which interest rates were fixed at the lowest ever at 0.75% for the third meeting in a row, and the monetary policy makers of the Australian Central Bank through the minutes indicated that although While there is a justification for expanding interest rate cuts, the decision to keep them ready is to avoid encouraging additional borrowing amid high house prices.

On the other hand, investors are currently waiting for the US economy, the largest industrialized country in the world, to disclose data on the industrial sector with the release of the New York Industrial Index reading, which may reflect an expansion of what amounted to 5.1 compared to 4.8 last January, and that comes before we witness the disclosure of Housing market data with the release of the housing index reading by the National Association of Home Builders, which may reflect stability at $ 75 during January.

Technical analysis


The Australian dollar versus the US dollar shows new negative trading with the opening of the day, to approach our first awaited target at 0.6670, awaiting further decline to break this level and opening the way for heading towards our next target that extends to 0.6560.

The stochastic is providing negative signals that support the chances of achieving the required break, so we will continue to suggest the downside trend during the upcoming sessions unless the price rushes to breach the 0.6754 level and hold above it.

The expected trading range for today is between 0.6650 support and 0.6720 resistance.

Expected trend for today: bearish.

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The euro currency fluctuated in a narrow range slanting towards a decline during the Asian session to witness the lowest since April 24 of 2017 against the US dollar on the threshold of developments and economic data expected today by the euro area and the US economy, which includes the ...

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The euro currency fluctuated in a narrow range slanting towards a decline during the Asian session to witness the lowest since April 24 of 2017 against the US dollar on the threshold of developments and economic data expected today by the euro area and the US economy, which includes the speech of a member of the Federal Market Committee Open and the President of the Minneapolis Federal Reserve on the proposal to amend education in Minnesota at the Minnesota Professional Affairs Council in St. Paul.

At exactly 05:09 AM GMT, the euro against the US dollar fell 0.05% to 1.0831 levels compared to the opening levels at 1.0836, after the pair achieved its lowest level in three years at 1.0823, while achieving the highest during the trading session at 1.0838.

The markets are looking to reveal a statistical reading of the ZEW economic sentiment index for Germany, the largest economies in the eurozone and eurozone economies as a whole, which may reflect the shrinking widening in Germany and the region as a whole to the value of 20.0 and 21.3 compared to 26.7 and 25.6, respectively, last January. And this comes in conjunction with the activities of the finance ministers of the euro area Ecovin in Brussels.

This comes after hours of Eurogroup meetings and the report that touched on the fact that the finance ministers of the eurozone member states in addition to the Commissioner for Economic and Monetary Affairs discussed a document calling for more financial stimulus measures, and some officials noted, according to Reuters news agency yesterday that it is expected to sleep Adoption of the document that could lead to Germany's move to increase government spending on Tuesday in Brussels.

On the other hand, investors are currently looking to the US economy for the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect a widening of 5.1 versus 4.8 in January, and this comes before we witness the disclosure of housing market data with The housing index reading was released by the National Association of Home Builders, which may reflect stability at $ 75 in January.

Technical analysis

The euro against the dollar pair shows quiet negative trading, gradually moving away from the 1.0860 level, reinforcing the expectations of the continuation of the downside movement during the coming period, which targets the 1.0760 level as a next station.

SMA 50 continues to support the suggested descending wave, whose targets extend to reach 1.0680 after crossing the previous level, noting the importance of holding below 1.0860 for the continuation of the expected decline.

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

Expected trend for today: bearish.

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Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness the highest since February 3, when it experienced the highest since January 8, which is the highest in seven years amid the decline in the dollar index, indicating its rebound from the ...

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Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness the highest since February 3, when it experienced the highest since January 8, which is the highest in seven years amid the decline in the dollar index, indicating its rebound from the top It has since October 8, according to the inverse relationship between them, on the cusp of developments and economic data expected today by the US economy, the largest economy in the world, and in the shadow of concern over the spread of the Corona virus.

At exactly 04:02 AM GMT, gold price futures for April delivery rose 0.21% to trade at $ 1,589.70 per ounce compared to the opening at $ 1,585.10 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded yesterday's trading At $ 1,586.40 an ounce, with the US dollar index down 0.02% to 99.17 compared to the opening at 99.19.

Investors are currently awaiting the release of the industrial sector data by the US economy, with the release of the New York Industrial Index reading, which may reflect an expansion to what amounted to 5.1 compared to 4.8 in January, and this comes before we witness the disclosure of housing market data with the release of the index reading Housing by the National Association of Home Builders, which may reflect stability at $ 75 in January.

To the talk of a member of the Federal Open Market Committee and the President of the Federal Reserve Bank of Minneapolis about the proposal to amend education in Minnesota at the Indian Affairs Council in Minnesota in St. Paul, and this comes hours before the disclosure tomorrow, Wednesday, of the minutes of the Federal Committee meeting held on January 28-29 / January, during which monetary policy makers decided to keep interest rates at between 1.50% and 1.75% for the third meeting at that time.

On the other hand, we followed last Sunday, and Chinese Finance Minister Liu Kun expressed his expectation that his country's fiscal revenues will decrease and expenditures will rise in the future, which strengthened speculation that Beijing will adopt more financial incentives as part of efforts to contain the repercussions of the spread of the Corona virus, which has infected more. Of seventy thousand people and killed more than one thousand seven hundred others globally.

In the same context, China also revealed during the last weekend of plans to reduce corporate taxes and fees in addition to allowing banks to operate more non-performing loans, before we witnessed yesterday, Monday, the People's Bank of China (the Chinese Central Bank) to cut interest medium-term loans by ten A basis point to 3.15% from 3.25%, and this came amid expectations the Chinese central bank will intensify liquidity easing measures and financing conditions.

Technical analysis

The price of gold ended last week's trading above the level of 1575.90, confirming the breach of this level and opening the way for heading towards a visit to the previously recorded summit at 1611.20 as the next positive station.

Thus, the bullish trend scenario will remain effective for the upcoming period supported by the EMA50, noting that breaking 1575.90 and holding below it may pressure the price to visit 1554.10 areas again before any new attempt to rise.

The expected trading range for today is between 1570.00 support and 1600.00 resistance.

Expected trend for today: bullish.

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Google's stock continues the bullish path. After the stock was able to settle above the upper limit of the ascending channel that was trading within it, then the bullish path of the stock will continue.

The movement continues above the 7-20-50 MAs that move in an ascending order below ...

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Google's stock continues the bullish path. After the stock was able to settle above the upper limit of the ascending channel that was trading within it, then the bullish path of the stock will continue.

The movement continues above the 7-20-50 MAs that move in an ascending order below the price. With SMA 20 at the upper bound of the ascending channel.

The stochastic oscillator is moving within the overbought zone on a sideways path, and this is reflected in the bullish price movement.

Expected trend for today: bullish.

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The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, as we witnessed its bounce for the third session in five sessions from its highest since January 21 against the Japanese yen amid the scarcity of economic data by the Japanese economy and ...

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The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, as we witnessed its bounce for the third session in five sessions from its highest since January 21 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected on Tuesday by The American Economy, which includes a speech by a member of the Federal Open Market Committee and President of the Minneapolis Federal Reserve Bank on the proposal to amend education in Minnesota at the Indian Affairs Council in Minnesota in St. Paul.

At exactly 05:55 AM GMT, the US dollar pair fell against the Japanese yen by 0.11% to 109.76 levels compared to the opening levels at 109.88, after the pair achieved its lowest level during the trading session at 109.66, while achieving the highest at 109.89.

We have followed this weekend, Bank of Japan Governor Haruhiko Kuroda expressed that the outbreak of the Corona virus will be one of the biggest challenges facing his country's economy, which would increase uncertainty, with his assertion yesterday that the Japanese central bank will not hesitate to adopt more stimulus if What is needed, and these statements came in the wake of the report that reported the first death from coronavirus and that there are more than 500 cases of HIV in Japan.

It is noteworthy that the Japanese Minister of Economy, Yashutoshi Nishimura, noted last Friday that he expected his country's economy to slow during the last quarter of 2019 and to be less than it was in the last third quarter, while postponing the matter until the Japanese government increased taxes in addition to the typhoon that struck Japan recently, and touched on Also at the time, the recent outbreak of Corona virus in China would harm Japan's economic growth during the first quarter of this year.

On the other hand, investors are currently looking to the US economy for the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect an expansion of 5.1 to 4.8 in January, and that comes before we witness the disclosure of housing market data with the release of The housing index is read by the National Association of Home Builders which may reflect stability at $ 75 in January.

Technical analysis

The dollar versus yen pair shows a slight bearish tendency to press the MA 50, as the price is affected by the stochastic negativity, but since the price is above 109.33, our bullish expectations will remain valid for the upcoming period, which targets 110.50 initially.

It should be noted that a break of 109.33 will press the price to turn down and visit the 108.40 level as a first negative target.

The expected trading range for today is between 109.30 support and 110.50 resistance.

Expected trend for today: bullish.

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