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Forex market analysis

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January 2019

Csco was unable to breach the 43.69 resistance level as the MA 20 formed pressure on the price and prevented it from rising. A 50 SMA above the price is an additional negative pressure on the movement of the stock, therefore we may see further declines for the third ...

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Csco was unable to breach the 43.69 resistance level as the MA 20 formed pressure on the price and prevented it from rising. A 50 SMA above the price is an additional negative pressure on the movement of the stock, therefore we may see further declines for the third session in a row.

Stochastic in the overbought area is moving sideways and any exit from this area will lead to a further decline in the share

The trading range between support 42.28 and resistance 45.12

Support and resistance:

Support: 42.28-40.00

Resistance 43.70-45.12

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The AUDUSD rallyed to the 0.7145 level, which is now important support, to resume its positive trading session and approach our awaited first target at 0.7200, awaiting further upside in the short term with our next target at 0.7335.

The SMA 50 is a resistance to the ...

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The AUDUSD rallyed to the 0.7145 level, which is now important support, to resume its positive trading session and approach our awaited first target at 0.7200, awaiting further upside in the short term with our next target at 0.7335.

The SMA 50 is a resistance to the price, so if this level is breached we are likely to see further gains on price action

Therefore, we will continue to tilt the bullish trend during the coming period provided stability above 0.7145.

The trading range for today is expected among the support at 0.7120 and resistance at 0.7270

The general trend for today is bullish

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USDCAD

The pair is in downtrend due to the weaker USD in anticipation of publication of the Fed’s December monetary policy meeting minutes and today’s meeting of the Bank of Canada concerning interest rates. The pair has the potential for decline if the Canada’s regulator indicates its ...

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USDCAD

The pair is in downtrend due to the weaker USD in anticipation of publication of the Fed’s December monetary policy meeting minutes and today’s meeting of the Bank of Canada concerning interest rates. The pair has the potential for decline if the Canada’s regulator indicates its intention to continue raising rates, while the Fed, on the contrary, signals a possible pause in interest rate hikes.

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

Trading recommendations:

If the pair remains below 1.3265, it may go further down to 1.3160 if the news are favorable for the CAD.

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Sberbank stock could not break through the 50-year moving average, which has stopped the bullish movement in the past two weeks

Where the stock is trading around the 50 SMA which is likely to press the price down

In general, trades are within a sideways path between the 182.40 ...

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Sberbank stock could not break through the 50-year moving average, which has stopped the bullish movement in the past two weeks

Where the stock is trading around the 50 SMA which is likely to press the price down

In general, trades are within a sideways path between the 182.40 support lines and the resistance at 199.36

The Stochastic is moving in a sideways path, giving signs for the bearish cross and resistance at 191.78

Support and resistance:

Support: 182.40-176.99

Resistance: 191.75-199.36

The trading range between the support at 182.40 and the resistance at 199.40

General direction of the movement: the path of Danby closer to the landing

 

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Gold futures fell during the Asian session to see a rebound to the third session in four sessions of its highest since June 15, disregarding the decline of the dollar index according to the inverse relationship between them on the eve of developments and economic data expected Tuesday by the ...

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Gold futures fell during the Asian session to see a rebound to the third session in four sessions of its highest since June 15, disregarding the decline of the dollar index 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 conjunction with ongoing trade talks between Washington and Beijing in China.

Gold futures for February delivery fell 0.20% to currently trade at $ 1,283.30 per ounce, showing a seven-month high from the opening at $ 1,285.90 an ounce, while the US dollar index 0.11% to 95.80, compared to the opening at 95.90.

We have followed US President Donald Trump's talk about US border security and the partial closure of the federal government for the third straight week. Otherwise, the markets are looking forward to what Federal Open Market Committee (FOMC) Chairman and Federal Reserve Chairman Eric Rosengreen Economic Outlook for the World's Largest Economy at the Boston Economic Club.

Before we see the release of the Federal Open Market Committee meeting held on December 18-19, in which the Fed's monetary policymakers agreed to raise the federal funds rate for the fourth time last year by 25 points Under the leadership of Federal Reserve Governor Jerome Powell to between 2.25% and 2.50%, which was expected by the markets at the time.

This comes hours after US President Donald Trump continued his criticism of the Fed by tweaking him through his official Twitter account, saying: "The economic figures really look good, you can imagine if I have zero long-term interest rates to play like the previous administration , Rather than increasing interest to normalize it quickly as we see it, it would be very easy !, the markets have risen significantly since the 2016 elections! "

On Friday, Federal Reserve Governor Jerome Powell, speaking at a panel discussion entitled "Fed Presidents: A Joint Interview" in Atlanta, said the Federal Open Market Committee would be patient to monitor economic performance and was ready to adjust monetary policy quickly and flexibly. Depending on economic developments.

Technical Analysis

Gold failed to settle above 1286.83 resistance to trade below this level. Where today's trading sessions opened below the moving average 7, therefore failure to breach the 1286.4 level will increase pressure on the price and push it towards support at 1275.00 and then target 1266.50

Stochastic gives negative signals and leads to the negativity of the oversold area, therefore this is likely to be reflected on the price movement and push towards the downside towards support 1266.45. If the price is able to breach the 1286.8 level and close above it will return gold to complete the upward trend towards target 1301.4

The trading range for today is among the support at 1265.00 and resistance at 1295.00

Support and resistance:

Support: 1266.5-1251.3-1238.4

Resistance: 1286.80-1295.00-1301.4

The general trend for today is bearish

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The British pound is on the rise after falling to its highest level since the end of December against the US dollar following developments and economic data that followed on Tuesday the British economy and the US economy, the world's largest economy.

Today, we are watching the news of ...

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The British pound is on the rise after falling to its highest level since the end of December against the US dollar following developments and economic data that followed on Tuesday the British economy and the US economy, the world's largest economy.

Today, we are watching the news of the British Central Bank Governor Mark Carney. We followed the RBA from the Halifax House Price Index, which rose 1.2% from 0.7% in November, beating expectations for a 0.5% rise, while The annual reading of the same index for the last three months last month showed that growth accelerated to 1.3% versus 0.3%, also above expectations of 0.4%.

In other words, James Salack, a spokesman for British Prime Minister Theresa May, said the British government might propose a parliamentary vote on Britain's exit from the European Union on Jan. 15, Depends on the approval of the British Parliament it, adding that Mai is still working to get assurances about the Pakstop plan.

Slack also said that the British government's policy does not include the extension of Article 50 of his country's exit from the European Union and that members of parliament will be informed of the assurances of an exit agreement before the vote. In the same context, Britain's exit minister Stefan Barclay said there will be challenges The extension of Article 50, which sets Britain's date of departure within two years of informing the European Council of the desire to leave the Union.

Barclay said there had been consultations about delaying the date of his country's exit from the European Union, but that the UK would leave the union on March 29 and that the parliament would vote on the exit agreement later next week, Open to the possibility of changing their attitude towards the exit agreement, which May reached with the leaders of the European Union recently.

This follows the recent report that the British government is considering extending the date of Britain's exit from the European Union and the possibility of extending Article 50, while Article 50 imposes on the country wishing to exit the EU that if they are to exceed the two-year negotiation period , To obtain the consent of all other Member States of the European Union to extend this period.

On the other hand, we have followed US President Donald Trump in Washington about US border security and the partial closure of the federal government, which is entering its third week in a row. Otherwise, the markets are looking forward to what the FOMC member and Fed Chairman Eric Rosengreen on the economic outlook for the world's largest economy at the Boston Economic Club.

Before we see the release of the Federal Open Market Committee meeting held on December 18-19, in which the Fed's monetary policymakers agreed to raise the federal funds rate for the fourth time last year by 25 points Under the leadership of Federal Reserve Governor Jerome Powell to between 2.25% and 2.50%, which was expected by the markets at the time.

Technical Analysis

GBPUSD moved closer to the 1.2700 barrier and is back to the upside, so that the bullish scenario remains unchanged for the coming period, relying on stability above 1.2636, noting that our main awaited target is at 1.2962.

Keep in mind that breaking 1.2636 will press the price to resume the bearish trend in the short and medium term.

The trading range for today is expected among 1.2680 support and 1.2840 support

Support and resistance:

Support: 1.2713-1.1.2638-1.2586

Resistance: 1.2780-1.2875

The general trend for today is bullish

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see a rebound to the fourth session in five sessions from its lowest since December 17 against the US dollar on the eve of developments and economic data expected Wednesday by ...

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see a rebound to the fourth session in five sessions from its lowest since December 17 against the US dollar on the eve of developments and economic data expected Wednesday by Eurozone economies The US economy is the largest economy in the world.

At 5:31 am GMT, the EURUSD rose 0.15% to 1.1458, compared to the opening at 1.1441 after the pair hit a session high of 1.1466 and a low of 1.1437.

The markets are currently looking for the euro zone's biggest economy to show the trade balance, which could reflect a widening surplus to 17.9 billion euros from 17.3 billion euros in November, before we see unemployment reading for Italy, the third largest economy in the region. Showing a decline to 10.5% from 10.6% in October, and unemployment in the region as a whole at 8.1%.

On the other hand, we have followed US President Donald Trump in Washington about US border security and the partial closure of the federal government, which is entering its third week in a row. Otherwise, the markets are looking forward to what the FOMC member and Fed Chairman Eric Rosengreen on the economic outlook for the world's largest economy at the Boston Economic Club.

Before we see the release of the Federal Open Market Committee meeting held on December 18-19, in which the Fed's monetary policymakers agreed to raise the federal funds rate for the fourth time last year by 25 points Under the leadership of Federal Reserve Governor Jerome Powell to between 2.25% and 2.50%, which was expected by the markets at the time.

Technical Analysis

The EUR / USD pair has been trading sideways and narrow range since yesterday and is settling around 1.1443. Therefore, there is no change to our bullish trend targeting 1.1550 then 1.1705 as the next major stops, noting the importance of daily closing above 1.1443 to achieve the suggested targets.

SMA 50 offers positive price support to support expectations for a rally.

The trading range for today is among the key support at 1.1370 and resistance at 1.1550

Support and resistance:

Support: 1.1443-1.1386-1.1341

Resistance: 1.1500-1.1550-1.1582

The general trend for today is bullish

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The Australian dollar rallied during the Asian session to see its rebound for a third session in four sessions since its March 18th low against the US dollar following developments and economic data that followed on the Australian economy and on the eve of developments and economic data expected Wednesday ...

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The Australian dollar rallied during the Asian session to see its rebound for a third session in four sessions since its March 18th low against the US dollar following developments and economic data that followed on the Australian economy and on the eve of developments and economic data expected Wednesday by the US economy larger World economy.

At 03:52 GMT, the AUDUSD rose 0.31% to 0.7162 compared to the opening levels at 0.7140 after the pair hit a high of 19.71 last December 19, while the pair reached its lowest level. During the trading session at 0.7135.

We followed the Australian economy with the Australian Industrial Group's (AIG) Services Index reading, which showed a contraction of 52.1 versus 55.1 in November, before we saw the release of Australian housing market data with the release of Building Permits Which showed a widening of the decline to 9.1% compared to 1.5% in October, worse than the expectations of a decline of 0.3%.

On the other hand, we have followed US President Donald Trump in Washington about US border security and the partial closure of the federal government, which is entering its third week in a row. Otherwise, the markets are looking forward to what the FOMC member and Fed Chairman Eric Rosengreen on the economic outlook for the world's largest economy at the Boston Economic Club.

Before we see the release of the Federal Open Market Committee meeting held on December 18-19, in which the Fed's monetary policymakers agreed to raise the federal funds rate for the fourth time last year by 25 points Under the leadership of Federal Reserve Governor Jerome Powell to between 2.25% and 2.50%, which was expected by the markets at the time.

Technical Analysis

The AUDUSD rallied to the upside to break the 0.7145 level and stabilize above it, indicating signs of bullishness in the coming sessions, but we need to get a daily closing above the mentioned level to confirm positive targets from 0.7200 to 0.7335.

Therefore, we prefer to remain neutral until the price confirms the closing of the daily candle for the level of 0.7145, as trading without it again will return the price to decline and targeting the level of 0.7020 initially. As the price is trading below SMA 50 which is resistance to the price and preventing it from rising

The trading range for today is expected among the support at 0.7060 and resistance at 0.7230

The expected general trend for today: neutral

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The British pound rose during the US session yesterday to see its third session retreat from its lowest level since February 10, 2017 against the US dollar amid a lack of economic data by the British Royal Economy and following developments and economic data that followed Monday from The US ...

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The British pound rose during the US session yesterday to see its third session retreat from its lowest level since February 10, 2017 against the US dollar amid a lack of economic data by the British Royal Economy and following developments and economic data that followed Monday from The US economy is the largest economy in the world.

The Halifax Home Price Index is expected to come in at 0.5% versus -1.4% last month

British Prime Minister Theresa May expressed her government's efforts to secure more guarantees for the EU's exit from the European Union. The talks between British MPs and EU leaders are continuing and the British Parliament will have a bigger role. In terms of the exit agreement, adding that her government will put the necessary procedures on the file of Northern Ireland.

The British Government spokesman, James Slack, said that British Prime Minister Teresa Mae will form a ministerial committee headed by 21 ministers. The aim of the committee is to prepare for Britain's exit scenario without an agreement from the European Union. Following the start of discussions in the British government after Wednesday after the return of the government from the holiday of Christmas.

On the other hand, the markets are waiting for the US economy to reveal the reading of the US trade balance, which is likely to improve the trade deficit and come up by $ 54.00 billion compared to -5.50 for the previous readers

We are also looking for job opportunities, which are likely to rise 7.170 million versus 7.079 million from the previous reading. Otherwise, investors are eyeing the outcome of the trade talks between Washington and Beijing, which are being completed in China today.

Technical Analysis

The GBPUSD extended more positive trading yesterday to surpass SMA 50 and is trying to hold above it, which supports our continued bullish outlook, targeting mainly 1.2962 areas.

The price may be forced to decline temporarily due to the negativity of Stochastic in the event of exit from the oversold area, awaiting a positive momentum enough to push the price towards the mentioned target, noting that the continuation of the expected rise depends on stability above 1.2636.

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

Support and resistance:

Support: 1.2713-1.2638-1.2586

Resistance: 1.2780-1.2876

The general trend for today is bullish

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The Australian dollar fluctuated in a tight range slipping towards the Asian session to see a rebound after a three-session rally from its lowest since March 18, 2009 against the US dollar following developments and economic data that followed on the Australian economy and on the brink of economic developments ...

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The Australian dollar fluctuated in a tight range slipping towards the Asian session to see a rebound after a three-session rally from its lowest since March 18, 2009 against the US dollar following developments and economic data that followed on the Australian economy and on the brink of economic developments and data Which is expected Tuesday by the US economy, the world's largest economy.

At 04:47 am GMT, the AUDUSD dropped 0.27% to 0.7120 compared with the opening levels of 0.7146 after the pair reached a high of 0.7146,

We followed the Australian economy to reveal the reading of the trade balance, which recorded a deficit of 1.930 billion, less than expectations of the previous reading was 2.316 billion

On the other hand, the markets are looking to the US economy to reveal the reading of the US trade balance, which is likely to improve the trade deficit and comes up by $ 54.00 billion compared to -5.50 for the previous readers

We are also looking for job opportunities, which are likely to rise by 7.170 million versus 7.079 millimeters from the previous reading. Otherwise, investors are eyeing the outcome of the trade talks between Washington and Beijing, which are being completed today in China.

Technical Analysis

The AUDUSD was unable to break above the previously broken neckline of the head and shoulders pattern shown in the image, and is beginning to reverse again, accompanied by the emergence of a clear saturation in the stochastic, which makes us likely to see further declines in the coming sessions.

The first negative objective is to test the 0.7020 level, noting that a break of 0.7145 will halt the suggested bearishness and lead the price to achieve further gains.

The trading range for today is expected among the support at 0.7040 and the resistance at 0.7200

The general trend for today is bearish

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