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The general trend is upward. The 740.0 support level held back sellers. A bullish divergence has formed on Awesome Oscillator indicator. A breakout of the resistance level of 770.00 will result in the formation of an upward wave pattern within the framework of the general upward trend.


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The general trend is upward. The 740.0 support level held back sellers. A bullish divergence has formed on Awesome Oscillator indicator. A breakout of the resistance level of 770.00 will result in the formation of an upward wave pattern within the framework of the general upward trend.


Trading recommendations:
Buy above 770.00.
Stop loss: 740.00.
Target levels: 797.00; 833.5.

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The pair consolidates above 1.0825 in anticipation of ZEW data on economic sentiment and conditions for Germany and the eurozone. If the indicators are not higher than expected, especially for Germany, this will put pressure on the pair.
The price is below the middle line of the Bollinger band ...

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The pair consolidates above 1.0825 in anticipation of ZEW data on economic sentiment and conditions for Germany and the eurozone. If the indicators are not higher than expected, especially for Germany, this will put pressure on the pair.
The price is below the middle line of the Bollinger band, at SMA 5 and below SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch are below the 50% level and uninformative.


Trading recommendations:
Sell the pair after the price crosses 1.0825 with the probable targets of 1.0800 and 1.0785.

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The overall trend is downward, as evident from 365 and 135 moving averages. The currency pair is trading in the range of the round important level 0.6300. A bearish divergence has formed on Awesome Oscillator indicator. Breaking through the round secondary level of 0.6280 will result in the ...

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The overall trend is downward, as evident from 365 and 135 moving averages. The currency pair is trading in the range of the round important level 0.6300. A bearish divergence has formed on Awesome Oscillator indicator. Breaking through the round secondary level of 0.6280 will result in the formation of a 1-2-3 descending pattern.


Trading recommendations:
Sell below 0.6280.
Stop loss: 0.6327.
Target levels: 0.6250; 0.6220.

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The US dollar fluctuated in a narrow range that tilted higher during the Asian session against the Japanese yen, following the developments and economic data that it adopted earlier this week from the Japanese economy and amid the scarcity of economic data on Monday by the American economy due to ...

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The US dollar fluctuated in a narrow range that tilted higher during the Asian session against the Japanese yen, following the developments and economic data that it adopted earlier this week from the Japanese economy and amid the scarcity of economic data on Monday by the American economy due to the Presidents Day holiday in the United States.

At exactly 06:06 AM GMT, the US dollar pair rose against the Japanese yen by 0.05% to 109.84 levels compared to the opening levels at 109.77, after the pair achieved its highest level during the trading session at 109.88, while achieving the lowest at 109.72.

We have followed, on the Japanese economy, the disclosure of the seasonally adjusted preliminary reading of GDP, which showed a contraction of 1.6% compared to 0.4% growth in the third quarter, worse than the expectations that indicated a contraction of 1.0%, while the seasonally adjusted preliminary annual reading of the same index measured by prices showed an acceleration Growth to 1.3% vs. 0.6%, outperforming expectations at 1.1%.

In the same context, we have also followed by the third largest economy in the world and the third largest industrialized country globally after both the United States and China, the disclosure of industrial sector data with the release of the final reading of industrial production, which showed a rise of 1.2% compared to the previous initial reading for the month of December / December and expectations are at 1.3% and compared to a decline of 1.0% last November.

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.

Technical analysis

The dollar versus the yen did not show any strong movement in the previous sessions, to continue fluctuating around the EMA50, and therefore, there is no change in the bullish trend scenario that depends on holding above 109.33, supported by the positive signal provided by the stochastic, while recalling that our next main target It is located at 110.50.

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

Expected trend for today: bullish.

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Sber Bank shares continue to decline and correct the bullish track as the price managed to breach the support level at the value 257.13 and reached the next level 249.07

The price remains above 250.00 level is a prerequisite for the continuation of the bullish price movement ...

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Sber Bank shares continue to decline and correct the bullish track as the price managed to breach the support level at the value 257.13 and reached the next level 249.07

The price remains above 250.00 level is a prerequisite for the continuation of the bullish price movement, while breaching this level will lead the price to decline and test the level of 242.75

The price action continues below the 7-20 moving averages that constitute resistance levels to the price while the moving average 50 remains below the price and constitutes a positive pressure factor for it.

The stochastic oscillator is heading towards the oversold zone and is moving within a bearish path near this area thus it is likely that the price will continue to drop to the support level 250.00.

The general direction of movement: neutral.

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Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its bounce for the second session from its highest since February 3, when it tested its highest since January 8, which is the highest in seven years amid the low dollar index ...

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Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its bounce for the second session from its highest since February 3, when it tested its highest since January 8, which is the highest in seven years amid the low dollar index The American made it clear that he had attended the second session from above, since October 8, according to the inverse relationship between them.

This follows economic developments and data that were announced by the Japanese economy, the second largest economy in Asia and the third largest in the world, and amid the scarcity of economic data today by the American economy due to the Presidents Day holiday in the United States and in the shadow of investors ’weight of the spread of the Corona virus in exchange for expectations to support monetary policy from Before the global central banks.

At exactly 04:04 AM GMT, gold price futures for April delivery decreased 0.13% to trade at $ 1,585.30 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 the week's trades ended The past at $ 1,586.80 an ounce, with the US dollar index down 0.01% to 99.11 compared to the opening at 99.12.

We have followed, on the Japanese economy, the disclosure of the seasonally adjusted preliminary reading of GDP, which showed a contraction of 1.6% compared to 0.4% growth in the third quarter, worse than the expectations that indicated a contraction of 1.0%, while the seasonally adjusted preliminary annual reading of the same index measured by prices showed an acceleration Growth to 1.3% vs. 0.6%, outperforming expectations at 1.1%.

Otherwise, investors are currently looking for by the third largest economy in the world and the third largest industrialized country globally after both the United States and China, the disclosure of industrial sector data with the release of the final reading of industrial production, which may reflect the stability of the expansion at 1.3% without any change from the initial reading Previous month in December, compared to a decline of 1.0% last November.

On the other hand, we followed on Sunday, Chinese Finance Minister Liu Kun expressed that he expects to reduce his country's financial revenues and increase expenditures 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 than Seventy thousand people and killed more than one thousand seven hundred others worldwide.

In the same vein, China also revealed over the weekend plans to reduce corporate taxes and fees in addition to allowing banks to run more non-performing loans, just before we saw the People's Bank of China (the Chinese Central Bank) cut interest on so-called lending facilities The future average, and this came amid expectations that the Chinese central bank will intensify liquidity easing and financing conditions in Chinese financial markets.

We would like to point out that, according to Bloomberg Economist’s estimates, the Chinese economy, the largest in Asia and the second largest in the world, was operating between 40% to 50% only last week. It is reported that the Chinese province of Hubei today announced 2,000 new cases of coronavirus and 100 deaths. Additional case, knowing that another death was reported last weekend in both Taiwan and France.

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.

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The euro currency 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 April 24 of 2017 against the US dollar on the threshold of developments and economic data expected at the beginning of this ...

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The euro currency 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 April 24 of 2017 against the US dollar on the threshold of developments and economic data expected at the beginning of this week by the economies of the euro area and amid the scarcity of data Economic Monday by the US economy due to the Presidents Day holiday in the United States.

At 05:06 AM GMT, the euro pair rose against the US dollar by 0.04% to 1.0838 levels compared to the opening levels at 1.0834, after the pair achieved its highest level during the trading session at 1.0844, while achieving the lowest at 1.0821, knowing that The pair started the trading session on an upward price gap after it concluded the trading last week at 1.0831 levels.

The markets are currently looking forward to launching the meetings of the Eurogroup, which the finance ministers of the member states in the region are attending, the Commissioner for Economic and Monetary Affairs and the European Central Governor, which discusses many financial issues such as mechanisms to support the euro and government funding, as investors look to later in the day to reveal the bank’s monthly report German Central.

Technical analysis

The EURUSD pair remains below 1.0860, and therefore, the bearish trend scenario is still effective for the coming period, supported by the negative pressure that SMA 50 constitutes, and the path is open to achieving our next target which is located at 1.0760.

We remember that the downside trend is expected in the medium and long term, taking into consideration that a breach of 1.0860 represents a positive key that will lead the price to start recovery attempts and make some bullish correction.

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

Expected trend for today: bearish.

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The narrow range continues to dominate the trading of the Australian dollar against the US dollar, which is moving near 0.6754, and as long as the price is below this level, our bearish expectations will remain valid for the next period, supported by the gradual loss of the positive ...

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The narrow range continues to dominate the trading of the Australian dollar against the US dollar, which is moving near 0.6754, and as long as the price is below this level, our bearish expectations will remain valid for the next period, supported by the gradual loss of the positive stochastic momentum, noting that we are waiting to target levels 0.6670 then 0.6560 mainly.

The expected trading range for today is between 0.6670 support and 0.6755 resistance.

Expected trend for today: bearish.

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The pair consolidates above 1.0830. It will continue its local decline after overcoming this mark. The main reason behind this is still the weakness of the European economy and the ECB’s monetary policy that is no longer expected to get tighter.

The price is below the middle Bollinger ...

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The pair consolidates above 1.0830. It will continue its local decline after overcoming this mark. The main reason behind this is still the weakness of the European economy and the ECB’s monetary policy that is no longer expected to get tighter.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch are below the 50% level and indicate a weakening of the decline.

Trading recommendations:

Sell the pair after the price crosses the 1.0830 mark with a likely target of 1.0800.

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EURUSD (17.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

1.0865; 1.0925; 1.0993.

1.1033; 1.0993; 1.0925; 1.0829.

1-3TF

Time of publication of important economic news

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GBPUSD (17.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time ...

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EURUSD (17.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

1.0865; 1.0925; 1.0993.

1.1033; 1.0993; 1.0925; 1.0829.

1-3TF

Time of publication of important economic news

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GBPUSD (17.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

Bullish

1.2880; 1.2920; 1.2950; 1.3010; 1.3070.

1.3210; 1.3070; 1.3010; 1.2950; 1.2920.

1-3TF

Time of publication of important economic news

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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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