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Forex market analysis

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January 2019

ارتفعت أسعار الذهب بالسوق الأوروبية اليوم الجمعة  لتعود للارتفاع ، على مشارف الوصول إلى حاجز 1,300$ للأونصة ، بدعم تراجع الدولار الأمريكي مقابل سلة من العملات ،و المتضرر من محضر الاجتماع الأخير لمجلس الاحتياطي الاتحادي.

ارتفعت أسعار الذهب بحوالي 0.8% حتى الساعة 08:25 بتوقيت جرينتش لتتداول عند مستوي 1 ...

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ارتفعت أسعار الذهب بالسوق الأوروبية اليوم الجمعة  لتعود للارتفاع ، على مشارف الوصول إلى حاجز 1,300$ للأونصة ، بدعم تراجع الدولار الأمريكي مقابل سلة من العملات ،و المتضرر من محضر الاجتماع الأخير لمجلس الاحتياطي الاتحادي.

ارتفعت أسعار الذهب بحوالي 0.8% حتى الساعة 08:25 بتوقيت جرينتش لتتداول عند مستوي 1,293.00$ للأونصة من مستوى الافتتاح 1,286.26$،وسجلت أعلى مستوي 1,294.05$ ، وأدنى مستوي 1,286.00$.

انخفض مؤشر الدولار يوم الخميس بنسبة 0.1% ، ليواصل خسائره لليوم الثاني على التوالي ، مسجلا أدنى مستوى فى ثلاثة أشهر عند 94.62 نقطة ، عاكسا استمرار هبوط العملة الأمريكية مقابل سلة من العملات العالمية ، الأمر الذي يصب فى صالح ارتفاع أسعار الذهب والمعادن الأخرى المسعرة بالدولار الأمريكي.

يأتي هبوط الدولار الأمريكي تحت ضغط ضعف احتمالات رفع أسعار الفائدة الأمريكية خلال هذا العام ، خاصة بعد محضر الاجتماع الأخير لمجلس الاحتياطي الاتحادي والذي نشر فى وقت سابق من يوم الأربعاء.

أظهر المحضر أن العديد من صانعي السياسة النقدية الأمريكية يؤيدون بقاء أسعار الفائدة ثابتة هذا العام ، وأن أي رفع فى أسعار الفائدة سوف يعتمد فقط على البيانات الاقتصادية .

التحليل التقني

حافظ سعر الذهب على ثباته فوق مستوى 1286.70 بعد اختباره يوم أمس، ليستأنف التداولات الإيجابية، مع ملاحظة أن مؤشر ستوكاستيك يقدّم إشارة تقاطع إيجابي ننتظر أن تحفّز السعر على تحقيق مزيد من الارتفاع خلال الجلسات القادمة.

وبالتالي، سيبقى الاتجاه الصاعد فعالاً لهذا اليوم بشرط الثبات فوق 1286.70، مع التذكير بأن هدفنا الرئيسي التالي يتواجد عند 1316.65.

نطاق التداول المتوقع لهذا اليوم ما بين الدعم 1280.00 والمقاومة 1316.00

الدعم والمقاومة:

الدعم : 1286.8-1275.00-1266.50

المقاومة: 1301.00-1318.00- 1350.00

الميل العام المتوقع لهذا اليوم: صاعد

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Amazon was unable to break the 1678 resistance level as the price fluctuated between 1592 and 1678 resistance

The price is moving above the moving averages which support the price to re-test the resistance level again, and this is what we saw during the last two sessions as the price ...

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Amazon was unable to break the 1678 resistance level as the price fluctuated between 1592 and 1678 resistance

The price is moving above the moving averages which support the price to re-test the resistance level again, and this is what we saw during the last two sessions as the price indicators push the price higher.

We see a bullish cross between SMA 7 and SMA 50, so this cross will create a positive pressure on the price and push it higher and retest the aforementioned resistance level.

Stochastic is moving sideways within the oversold area. Try to break out of it, but it does not succeed. Therefore, it can be reflected on the price and give it the momentum to rise.

Trading range between support 1592 and resistance 1978

Support and resistance:

Support: 1592-1481

Resistance: 1678-1766

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The price of gold in the European market rose on Friday to rise again, on the verge of reaching the barrier of $ 1,300 an ounce, supported by the decline of the US dollar against a basket of currencies, and affected by the minutes of the recent meeting of the ...

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The price of gold in the European market rose on Friday to rise again, on the verge of reaching the barrier of $ 1,300 an ounce, supported by the decline of the US dollar against a basket of currencies, and affected by the minutes of the recent meeting of the Federal Reserve.

Gold prices rose by 0.8% as of 08:25 GMT to trade at $ 1,293.00 per ounce from the opening level of $ 1,286.26, and recorded a high of $ 1,294.05 and a low of $ 1,286.00.

The dollar index fell 0.1% on Thursday, continuing its losses for the second day in a row, reaching a three-month low of 94.62 points, reflecting the continued decline of the US currency against a basket of currencies, which favors the rise in prices of gold and other metals priced in US dollars .

The fall of the US dollar under pressure is twice as likely to raise US interest rates this year, especially after the minutes of the Federal Reserve's last meeting, published earlier on Wednesday.

The record showed that many US monetary policymakers support a stable interest rate this year and any rate hike will depend only on economic data.

Technical Analysis

Gold kept steady above 1286.70 after yesterday's test to resume positive trading, noting that Stochastic is offering a positive cross signal that we expect the pair to stimulate further gains in the coming sessions.

Therefore, the bullish trend will remain effective for the day provided stability above 1286.70, with the reminder that our next main target resides at 1316.65.

The trading range for today is expected among the support at 1280.00 and resistance at 1316.00

Support and resistance:

Support: 1286.8-1275.00-1266.50

Resistance: 1301.00-1318.00- 1350.00

The general trend for today is bullish

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The British pound fell during the US session to see its rebound since the end of last December against the US dollar following developments and economic data released by the British economy and its counterpart, the US economy, the world's largest economy.

Today, in the Asian session, the GBPUSD ...

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The British pound fell during the US session to see its rebound since the end of last December against the US dollar following developments and economic data released by the British economy and its counterpart, the US economy, the world's largest economy.

Today, in the Asian session, the GBPUSD pair rose 0.1% to 1.2752 compared to the opening levels at 1.2745 after recording a low of 1.2736 and a high of 1.2766.

Technical Analysis

The GBPUSD pair did not show any strong movement yesterday, to keep fluctuating around SMA 50, so we do not change our bullish outlook based on stability above 1.2725 as a precondition, awaiting the move towards 1.2962 which is our next major stop.

Stochastic fluctuates within the oversold area and therefore any exit from this area will push us to see further bearishness on the GBPUSD pair

The trading range for today is expected among 1.2700 support and 1.2860 resistance

Support and resistance:

Support: 1.2713-1.2638-1.2585

Resistance: 1.2780-1.2860

The general trend for today is bullish

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The single currency returned to the greenback against the US dollar after we saw its decline in the last session and completed the upward trend started a week ago, before the economic data for today.

Today, in the Asian session, the EURUSD rose 0.31% to 1.1525, compared with ...

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The single currency returned to the greenback against the US dollar after we saw its decline in the last session and completed the upward trend started a week ago, before the economic data for today.

Today, in the Asian session, the EURUSD rose 0.31% to 1.1525, compared with the opening at 1.1498, after reaching a high of 1.1529, while reaching a low of 1.1494.

Yesterday, we saw the European Central Bank's bulletin as the minutes of the European Central Bank's December 13-14 meeting on policy published on Thursday showed members saw risks to the current outlook escalate and might require a gradual shift in direction in early 2018.

Last month, the ECB left interest rates on major refinancing and interest rates on sub lending facilities. Deposit facilities did not change at 0.00%, 0.25% and 0.40%, respectively.

It also confirmed that its asset purchase program would halve to 30 billion euros ($ 35.8 billion) a month from January and would continue until the end of September or later if necessary.

"The risks surrounding the outlook for activity have remained broadly balanced with high risk in the near term," the document revealed.

On the other hand, on the US side, we are waiting for the CPI, which is likely to maintain the same reading of 2.2%. The CPI, excluding food and energy, was also released, which is likely to maintain the same reading of 0.2%

Technical Analysis

The day starts with a bullish bias to move away from the 1.1500 level gradually, supporting the chances of resuming the expected bullish trend for the coming period, targeting 1.1705 as a next stop.

SMA 50 continues to support the suggested bullish wave, with a reminder that 1.1500 break will press the price to test the 1.1443 level before any new attempt to rise.

Stochastic is moving in a sideways path within the overbought area with a conservative uptrend

The trading range for today is among the key support at 1.1450 and resistance at 1.1630

Support and resistance:

Support: 1.15000-11443-1.1386

Resistance: 1.1550-11585-1.1630

The general trend for today is bullish

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AUDUSD is resuming its positive trading session to begin attempts to surpass our first target of 0.7200 and get positive support from SMA 50, which will enhance chances of further upside in the coming sessions, where our next target is at 0.7335.

Therefore, we are waiting for further ...

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AUDUSD is resuming its positive trading session to begin attempts to surpass our first target of 0.7200 and get positive support from SMA 50, which will enhance chances of further upside in the coming sessions, where our next target is at 0.7335.

Therefore, we are waiting for further bullishness for the day provided stability above 0.7145.

The trading range for today is among the key support at 0.7145 and resistance at 0.7280

Support and resistance:

Support: 0.7142-0.7044

Resistance: 0.72430.7367

The general trend for today is bullish

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EURUSD

The pair is in downtrend against the background of the full-on decline of USD rate due to the growing expectations of the Fed pausing the interest rate hikes this year.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought ...

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EURUSD

The pair is in downtrend against the background of the full-on decline of USD rate due to the growing expectations of the Fed pausing the interest rate hikes this year.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought territory and is moving horizontally. Stoch have also entered this zone.

Trading recommendations:

If the pair remains above 1.1545, it may go further up to 1.1615.

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The price of gold rallied upwards to breake the 1295.00 level and settle above it, noting that the price completed the formation of a bullish triangle pattern shown in the picture, which is a positive incentive to push the price for further gains in the coming period

Therefore, the ...

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The price of gold rallied upwards to breake the 1295.00 level and settle above it, noting that the price completed the formation of a bullish triangle pattern shown in the picture, which is a positive incentive to push the price for further gains in the coming period

Therefore, the bullish trend will be likely for today with support from SMA 50, unless the 1286.70 level is breached and stability below it again.

The moving averages started to stabilize and form the ideal order for the upside while we see that the Stochastic is trading sideways within the overbought area and the opportunity is diverging from it. If this is possible,

The trading range for today is among the support at 1285.00 and resistance at 1316.00

Support and resistance:

Support: 1286.8-1.80.7-1266.4

Resistance: 1301.4-1318.00-1321.5

The general trend for today is bullish

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GBPUSD has managed to surpass SMA 50 and hold above it, which supports our bullish outlook for the next few sessions and we believe that the way ahead is to achieve our main target at 1.2962.

To make sure, moving averages 7-20 should intersect with SMA 50.

Stochastic is ...

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GBPUSD has managed to surpass SMA 50 and hold above it, which supports our bullish outlook for the next few sessions and we believe that the way ahead is to achieve our main target at 1.2962.

To make sure, moving averages 7-20 should intersect with SMA 50.

Stochastic is in an overbought position and is motivated to exit it so we can see some correction on price action

Therefore, we will maintain our bullish trend, noting that stability above 1.2725 represents the first requirement for the continuation of the suggested bullish wave.

The trading range for today is expected among 1.2725 support and 1.2900 resistance

Support and resistance:

Support: 1.2713-1.2638-1.2586

Resistance: 1.2786-1.2876-1.2982

The general trend for today is bullish

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The EUR / USD pair is trading higher today to break above the 1.1550 level and set the tone for the next target at 1.1705. The bullish trend remains valid for the coming period, supported by the move above the moving averages. We see SMA 7 touching the price ...

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The EUR / USD pair is trading higher today to break above the 1.1550 level and set the tone for the next target at 1.1705. The bullish trend remains valid for the coming period, supported by the move above the moving averages. We see SMA 7 touching the price from below Giving it more stability and stability to rise. And the SMA 20 is above SMA 50 and therefore we have a bullish order of moving averages.

The Stochastic is also giving positive signals to the upside and thus increases the chances of a continuation of the bullish path of the Euro

Keep in mind that a break of 1.1510 may press the price to test the 1.1443 areas before any new attempt to rise.

The trading range for today is expected among 1.1500 support and 1.1680 support

Support and resistance:

Support: 1.1500-1.1443-1.1386

Resistance: 1.1550-1.1585-1.1682

The general trend for today is bullish

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