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AUDUSD

The overall trend is downward. A start fractal has formed below 135 moving average, and breaking through the start fractal will result in the formation of a descending H1 level pattern within the framework of a descending H4 level pattern. A bearish divergence also has formed on Awesome Oscillator ...

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AUDUSD

The overall trend is downward. A start fractal has formed below 135 moving average, and breaking through the start fractal will result in the formation of a descending H1 level pattern within the framework of a descending H4 level pattern. A bearish divergence also has formed on Awesome Oscillator.

Trading recommendations:

Sell below 0.5867.

Stop loss: 0.6083.

Target levels: 0.5720; 0.5520.

The AUDUSD rate online: monitor the movement of the pair in real time.

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AUDUSD 

The pair is trading below 0.5960. Deteriorating market sentiment may put pressure on it again. In general, markets remain volatile, balancing between the negative effects of coronavirus and large-scale stimulus measures from the world's central banks, including the Australian RBA.

The price is above the middle Bollinger ...

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AUDUSD 

The pair is trading below 0.5960. Deteriorating market sentiment may put pressure on it again. In general, markets remain volatile, balancing between the negative effects of coronavirus and large-scale stimulus measures from the world's central banks, including the Australian RBA.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intersect and suggest selling. RSI is at 50%. Stoch are reversing in the oversold zone.

Trading recommendations:

Sell the pair if it does not grow above 0.5960 with a local target of 0.5735.

The AUDUSD rate online: monitor the movement of the pair in real time.

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The US dollar fell during the Asian session to witness its rebound to the third session from its top since February 21 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected ...

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The US dollar fell during the Asian session to witness its rebound to the third session from its top since February 21 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected today by the American economy and with investors' evaluation of the stimulus in the face of repercussions Corona virus spread globally.

At 05:40 am GMT, the US dollar pair fell against the Japanese yen by 0.50% to 110.65 levels compared to the opening levels at 111.21, after the pair achieved its lowest level during the trading session at 110.46, while achieving the highest at 111.30.

On the Japanese economy, we followed the disclosure of inflation data with the release of the annual services price index, which showed a slowdown in growth to 2.1% versus 2.3% last January, worse than expectations at 2.2%. Otherwise, we followed yesterday called for a city governor Tokyo Yoriko Koike to city residents to avoid unnecessary outings on weekends, avoid crowded places and refrain from going out at night.

The Tokyo Governor Koike also urged residents of the Japanese capital to work from home as much as possible, and this came after the announcement of 41 new cases of corona virus being recorded in Tokyo and that the total cases in Japan reached 1,193 cases, while the deaths reached 43 people, and we followed up last Tuesday, the Prime Minister Japanese Shinzo Abe said he agreed with the International Olympic Committee to postpone the Olympics for a year to be held next year.

On the other hand, investors are currently awaiting by the US economy the disclosure of the GDP reading, which may reflect the stability of the expansion of the largest economy in the world at 2.1% unchanged from the previous initial reading for the fourth and third quarter of the past, as the reading of the same index measured by prices may reflect stability Growth at 1.3%, unchanged from the previous first reading, and against growth of 1.8% in the previous reading for the third quarter.

This comes in conjunction with the issuance of the reading of the benefit requests index for the last week on March 21, which may reflect an increase of 1,367 thousand applications to 1,648 thousand applications compared to 281 thousand requests in the previous weekly reading, as the reading of the continuing benefit requests for the last week may appear on the 14th of This month, an increase of 81 thousand requests to 1,782 thousand requests compared to 1,701 thousand requests in the previous reading.

This also comes in conjunction with the release of the merchandise trade balance index, which may explain the deficit narrowing to $ 64.5 billion compared to $ 65.9 billion in January, and with the disclosure of the initial reading of the wholesale inventory index, which may reflect a decline in the decline to 0.2% compared to 0.4% In January, otherwise, we followed yesterday the White House announcing that it had reached an agreement with Senate leaders on the stimulus package, estimated at $ 2 trillion.

Other than that, yesterday we followed the statements of the Director-General of the World Health Organization, Tidros Adhanum Gebresus, through which he expressed that children are vulnerable to infection with the virus (COVID-19) or what is known in the media as Coronavirus like the rest of the people, explaining that it is the global solidarity to face this serious threat and that The world is preparing for more severe measures to confront the coronavirus.

The Director-General of the organization, Gebrissos, also mentioned that precautionary measures should be taken, such as preventing gatherings and travel in addition to tracking and monitoring infected cases, adding that medical and health personnel, especially in poor countries where the virus is easy to spread, must be protected, according to the latest figures issued by the organization, so the number of cases has increased Infected with the virus to nearly 417,000 and 18,589 people were killed in 196 countries.

Technical analysis

The dollar against the yen trades stable without resisting the descending channel, and today begins today with a noticeable decline away from this resistance, which keeps the downside scenario valid and effective during the upcoming sessions, supported by the stochastic negativity, waiting for the 109.06 level to be tested initially.

On the other hand, we should note that breaching 111.25 and holding above it will stop the negative scenario and lead the price to the upside move.

The expected trading range for today is between 109.50 support and 111.40 resistance.

Expected trend for today: bearish.

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Gold price futures fell to witness their bounce for the second consecutive session from their highest since March 9th, when they tested their highest since December 18, 2012, disregarding the bounce of the dollar index for the fourth session in five sessions from its highest since the fourth of December ...

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Gold price futures fell to witness their bounce for the second consecutive session from their highest since March 9th, when they tested their highest since December 18, 2012, disregarding the bounce of the dollar index for the fourth session in five sessions from its highest since the fourth of December January 2017, according to the inverse relationship between them, on the cusp of developments and economic data expected on Thursday by the US economy and amid the weight of investors for global monetary stimulus, which aims to counter the negative repercussions of the outbreak of the Corona virus.

At exactly 03:47 AM GMT, gold price futures for April delivery fell 0.84% ​​to trade at $ 1,628.50 per ounce compared to the opening at $ 1,642.20 per ounce, knowing that the contracts started the session’s trading on an upward price gap after it concluded yesterday's trading At $ 1,634.30 an ounce, while the US dollar index fell 0.23% to 100.73 compared to the opening at 100.96.

Investors are currently awaiting by the US economy the disclosure of the GDP reading, which may reflect the stability of the expansion of the largest economy in the world at 2.1%, unchanged from the previous initial reading for the fourth and third quarter of the past, just as the reading of the same index measured in prices may reflect the stability of growth at 1.3 % Unchanged from the previous initial reading and against a growth of 1.8% in the previous reading for the third quarter.

This comes in conjunction with the issuance of the reading of the benefit requests index for the last week on March 21, which may reflect an increase of 1,367 thousand applications to 1,648 thousand applications compared to 281 thousand requests in the previous weekly reading, as the reading of the continuing benefit requests for the last week may appear on the 14th of This month, an increase of 81 thousand requests to 1,782 thousand requests compared to 1,701 thousand requests in the previous reading.

This also comes in conjunction with the release of the merchandise trade balance index, which may explain the deficit narrowing to $ 64.5 billion compared to $ 65.9 billion last January, and with the disclosure of the initial reading of the wholesale inventory index, which may reflect the contraction of the decline to 0.2% compared to 0.4% In January, otherwise, we followed yesterday the White House announcing that it had reached an agreement with Senate leaders about the stimulus package, which is estimated at $ 2 trillion.

In Europe, the leaders of the European Union are moving towards adopting a financial package of their own within the global efforts aimed at facing the repercussions of the Coruna outbreak, and this comes after major international central banks cut interest rates and the European Federal and Central Reserve Bank in addition to the Bank of England and the Bank of Japan announced the expansion of asset purchase programs.

Other than that, yesterday we followed the statements of the Director-General of the World Health Organization, Tidros Adhanum Gebresus, through which he expressed that children are vulnerable to infection with the virus (COVID-19) or what is known in the media as Coronavirus like the rest of the people, explaining that it is the global solidarity to face this serious threat and that The world is preparing for more severe measures to confront the coronavirus.

The Director-General of the organization, Gebrissos, also mentioned that precautionary measures should be taken, such as preventing gatherings and travel in addition to tracking and monitoring infected cases, adding that medical and health personnel, especially in poor countries where the virus is easy to spread, must be protected, according to the latest figures issued by the organization, so the number of cases has increased Infected with the virus to nearly 417,000 and 18,589 people were killed in 196 countries.

Technical analysis

Gold price faced negative pressure to test the pivotal support 1599.10 again, accompanied by stochastic negation of the negative momentum and approaching oversold areas in the sale, pending obtaining a positive incentive enough to push the price to resume the main bullish trend, whose goals begin to exceed 1633.60 level to open the way towards heading towards 1689.30 as the next stop.

Thus, the bullish trend scenario will remain valid for the upcoming period, noting that a break of 1599.10 will press the price to test the most important support for the short term trading at 1571.20 before any new attempt to rise.

The expected trading range for today is between 1585.00 support and 1635.00 resistance.

Expected trend for today: bullish.

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The single currency fluctuated the euro in a narrow range slashing up during the Asian session to witness its bounce for the fourth consecutive session from the lowest since April 21, 2017 against the US dollar on the threshold of economic developments and data expected today Thursday by the economies ...

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The single currency fluctuated the euro in a narrow range slashing up during the Asian session to witness its bounce for the fourth consecutive session from the lowest since April 21, 2017 against the US dollar on the threshold of economic developments and data expected today Thursday by the economies of the euro area and the US economy the largest economy in the world And with investors evaluating the incentive to face the repercussions of spreading the Corona virus globally.

At 05:05 am GMT, the euro pair rose against the US dollar by 0.22% to 1.0906 levels compared to the opening levels at 1.0882, after the pair achieved its highest level during the trading session at 1.0934, while achieving the lowest at 1.0871.

Investors may look to the eurozone economies as a whole to reveal the annual reading of the index of private loans, which may explain the acceleration of growth to 3.8% compared to 3.7% last January, while the annual reading of the M3 money supply may show stable growth at 5.3% During February, this comes in conjunction with the European Central Bank's disclosure of the ECB's monthly report.

On the other hand, investors are currently awaiting by the US economy the disclosure of the GDP reading, which may reflect the stability of the expansion of the largest economy in the world at 2.1% unchanged from the previous initial reading for the fourth and third quarter of the past, as the reading of the same index measured by prices may reflect stability Growth at 1.3%, unchanged from the previous first reading, and against growth of 1.8% in the previous reading for the third quarter.

This comes in conjunction with the issuance of the reading of the benefit requests index for the last week on March 21, which may reflect an increase of 1,367 thousand applications to 1,648 thousand applications compared to 281 thousand requests in the previous weekly reading, as the reading of the continuing benefit requests for the last week may appear on the 14th of This month, an increase of 81 thousand requests to 1,782 thousand requests compared to 1,701 thousand requests in the previous reading.

This also comes in conjunction with the release of the merchandise trade balance index, which may explain the deficit narrowing to $ 64.5 billion compared to $ 65.9 billion in January, and with the disclosure of the initial reading of the wholesale inventory index, which may reflect a decline in the decline to 0.2% compared to 0.4% In January, otherwise, we followed yesterday the White House announcing that it had reached an agreement with Senate leaders on the stimulus package, estimated at $ 2 trillion.

Other than that, yesterday we followed the statements of the Director-General of the World Health Organization, Tidros Adhanum Gebresus, through which he expressed that children are vulnerable to infection with the virus (COVID-19) or what is known in the media as Coronavirus like the rest of the people, explaining that it is the global solidarity to face this serious threat and that The world is preparing for more severe measures to confront the coronavirus.

The Director-General of the organization, Gebrissos, also mentioned that precautionary measures should be taken, such as preventing gatherings and travel in addition to tracking and monitoring infected cases, adding that medical and health personnel, especially in poor countries where the virus is easy to spread, must be protected, according to the latest figures issued by the organization, so the number of cases has increased Infected with the virus to nearly 417,000 and 18,589 people were killed in 196 countries.

Technical analysis

The euro against the dollar managed to confirm the breach of the 1.0840 level after the daily candle closed above it, and today begins with a noticeable bullish tendency to approach our awaited target at 1.0966, which represents the 38.2% Fibonacci retracement level of the measured measurement from 1.1498 to 1.0637, which means that its breach will extend the wave The bullish correction is 1.1067.

The bullish channel continues to organize the intraday trading, which supports the chances of the continuation of the bullish direction during the upcoming sessions, taking into consideration that stability above 1.0840 is required to achieve the suggested positive targets.

The expected trading range for today is between 1.0840 support and 1.1020 resistance.

Expected trend for today: bullish.

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The Australian dollar fell by more than one percent during the Asian session against the US dollar to resume the downward marches after its rise in the previous four sessions, which followed nine sessions of decline, amid the scarcity of economic data by the Australian economy and on the cusp ...

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The Australian dollar fell by more than one percent during the Asian session against the US dollar to resume the downward marches after its rise in the previous four sessions, which followed nine sessions of decline, amid the scarcity of economic data by the Australian economy and on the cusp of developments and economic data expected Thursday by the US economy is greater Economy of the world.

At 02:24 am GMT, the Australian dollar pair fell against the US dollar by 1.34% to 0.5879 levels compared to the opening levels at 0.5959, after the pair achieved its lowest level during the trading session at 0.5871, while achieving the highest at 0.5960.

Investors are currently awaiting by the US economy the disclosure of the GDP reading, which may reflect the stability of the expansion of the largest economy in the world at 2.1%, unchanged from the previous initial reading for the fourth and third quarter of the past, just as the reading of the same index measured in prices may reflect the stability of growth at 1.3 % Unchanged from the previous initial reading and against a growth of 1.8% in the previous reading for the third quarter.

This comes in conjunction with the issuance of the reading of the benefit requests index for the last week on March 21, which may reflect an increase of 1,367 thousand applications to 1,648 thousand applications compared to 281 thousand requests in the previous weekly reading, as the reading of the continuing benefit requests for the last week may appear on the 14th of This month, an increase of 81 thousand requests to 1,782 thousand requests compared to 1,701 thousand requests in the previous reading.

This also comes in conjunction with the issuance of reading merchandise trade balance index, which may show shrinking the deficit to 64.5 $ billion compared to 65.9 $ billion last January, and with the disclosure of the initial reading of the index of wholesale inventories, which may reflect a contraction of decline to 0.2% versus 0.4 % In January, otherwise, we followed yesterday the White House announcing that it had reached an agreement with Senate leaders on the stimulus package, which is estimated at $ 2 trillion.

Other than that, yesterday we followed the statements of the Director-General of the World Health Organization, Tidros Adhanum Gebresus, through which he expressed that children are vulnerable to infection with the virus (COVID-19) or what is known in the media as Coronavirus like the rest of the people, explaining that it is the global solidarity to face this serious threat and that The world is preparing for more severe measures to confront the coronavirus.

The Director-General of the organization, Gebrissos, also mentioned that precautionary measures should be taken, such as preventing gatherings and travel in addition to tracking and monitoring infected cases, adding that medical and health personnel, especially in poor countries where the virus is easy to spread, must be protected, according to the latest figures issued by the organization, so the number of cases has increased Infected with the virus to nearly 417,000 and 18,589 people were killed in 196 countries.

Technical analysis

Faced US Aussie against the dollar, the dollar pair negative pressure yesterday to break the 0.5958 level and closes the daily candle below, begins today with more decline to move away from this level, where he completed the formation of a rising wedge pattern features appear image, which puts the price under further downside pressure is expected for the next period , On the way to initially visit the 0.5786 level.

Therefore, the bearish bias will be expected for today, noting that breaching 0.5958 and holding above it will activate the bullish corrective scenario whose first target is at 0.6097.

The expected trading range for today is between 0.5786 support and 0.6000 resistance.

Expected trend for today: bearish.

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EURUSD (25.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

1.0650; 1.0750; 1.0880; 1.0950; 1.1050; 1.1190.

1.1480; 1.1190; 1.1050; 1.0950; 1.0880; 1.0750.

1-3 TF

Time of publication of important economic news

EUR – 12 ...

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EURUSD (25.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

1.0650; 1.0750; 1.0880; 1.0950; 1.1050; 1.1190.

1.1480; 1.1190; 1.1050; 1.0950; 1.0880; 1.0750.

1-3 TF

Time of publication of important economic news

EUR – 12:00.

USD – 15:30; 17:30.

 

GBPUSD (25.03.2020)

Time frame

Trend

Call lvels

Put levels

Xpir time

Н1

bearish

1.1471; 1.1712; 1.1920; 1.2132; 1.2741.

1.3200; 1.2741; 1.2132; 1.1920; 1.1712.

1-4 TF

Time of publication of important ecinomic news

GBP – 10:00.

USD – 15:30; 17:30.

 

When buying an option against the 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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MSFT

The Fed is ready for unlimited QE. To support the US economy, the Federal Reserve intends to buy bonds in unlimited amounts in order to keep interest rates low.

Support level 135.00 holds back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness ...

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MSFT

The Fed is ready for unlimited QE. To support the US economy, the Federal Reserve intends to buy bonds in unlimited amounts in order to keep interest rates low.

Support level 135.00 holds back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. The resistance level of 150.00 holds back the bulls.

Trading recommendations:

Buy above 150.00.

Stop loss: 135.00.

Target levels: 157.33 (close ½ of the order and move to breakeven); 167.64.

The MSFT rate: monitor the movement of the shares in real time.

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NZDCHF 

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The upward H1 level pattern is currently truncated.

Trading recommendations:

Sell while the descending pattern is forming ...

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NZDCHF 

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The upward H1 level pattern is currently truncated.

Trading recommendations:

Sell while the descending pattern is forming, where the wave (AC) breaks through the inclined channel of the ascending truncated H1 level pattern.

Stop loss for the local maximum (0.5795).

Target levels: 0.5524; 0.5310. 

NZDCHF rate online: monitor the movement of the pair in real time.

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The Australian dollar versus the US dollar succeeded in confirming the breach of the 0.5958 level after the daily candle closed above it, which supports the continuation of our effective expectations for the bullish trend during the coming period, and the path is open to achieving our next target ...

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The Australian dollar versus the US dollar succeeded in confirming the breach of the 0.5958 level after the daily candle closed above it, which supports the continuation of our effective expectations for the bullish trend during the coming period, and the path is open to achieving our next target which is located at 0.6097.

Consequently, the bullish bias will remain intraday, indicating that the price has completed forming a double bottom pattern whose features appear in the image, to support opportunities to breach the target level and extend the upside wave to reach 0.6236 as a next station, taking into account that the bullish trend will remain intact unless A break below 0.5958 and stability below it.

The expected trading range for today is between 0.5950 support and 0.6150 resistance.

Expected trend for today: bullish.

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