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The Australian dollar rose during the Asian session to witness its bounce to the fourth session from the lowest since October 21, 2002 against the US dollar, following the developments and economic data that were reported by the Australian economy and on the cusp of developments and economic data expected ...

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The Australian dollar rose during the Asian session to witness its bounce to the fourth session from the lowest since October 21, 2002 against the US dollar, following the developments and economic data that were reported by the Australian economy and on the cusp of developments and economic data expected today Tuesday by the US economy, the largest economy in the world.

At exactly 03:19 am GMT, the Australian dollar pair rose against the US dollar by 1.73% to 0.5939 levels compared to the opening levels at 0.5838, after the pair achieved its highest level during the trading session at 0.5945, while achieving the lowest at 0.5812.

This has followed the disclosure of the initial reading of the Markit Manufacturing and Services PMI for Australia for the month of March, and the initial reading of the Manufacturing Purchasing Managers Index showed that the expansion decreased to 50.1 compared to 50.2 last February, while the initial reading of the Services PMI showed expansion Shrinkage to 39.8 versus 49.0 in February

On the other hand, investors are awaiting the disclosure of the initial reading of the Markit manufacturing and services PMI for the United States, which may reflect the contraction of the industrial sector in the largest industrial country in the world to a value of 45.1 compared to a expansion of 50.7 in the previous reading for the month of February, while it may We are witnessing the expansion of the service sector to 44.1 compared to 49.4 in February.

This comes before we also witnessed by the US economy the disclosure of the Richmond Industrial Index reading that may reflect the widening contraction to 10 versus 2 in February, up to the disclosure of housing market data from the release of the New Home Sales Index, which may indicate a decline 1.8% to about 750 thousand homes compared to a rise of 1.8% at about 764 thousand homes in January.

Other than that, we followed yesterday the Federal Reserve announced a new stimulus package to support the economy from the repercussions of the Corona virus, and the Federal Reserve statement stated that it is committed to using a set of tools to support the economy in this difficult period and thus enhance employment and price stability, explaining that the Federal Open Market Committee has gone ahead Go ahead and closely monitor market conditions and evaluate the appropriate pace of securities purchases at future meetings.

 

The Fed’s statement also stated that the Federal Committee decided, as of Monday, March 23, that the bank would commit to conducting open market operations according to need, in addition to establishing a new loan program to support students, and that a loan program to support small and medium-sized companies would be announced soon, and we would like to point out that These measures by the Federal Reserve are unprecedented, as it does not place any restrictions on the assets that have been announced to be purchased as necessary.

This comes in the wake of the surprising meeting of the Federal Reserve on the 16th of March, which is the second surprising meeting in less than two weeks, after the previous surprising meeting on the third of this month in which the monetary policy makers of the Federal Reserve decided to return at the benchmark interest rates. Short-term to zero levels reached in the wake of the worsening global financial crisis more than a decade ago

The members of the Federal Open Market Committee reduced the interest on federal funds at the time by 100 basis points to between zero levels and 0.25%, which it remained in since 2008 until the meeting of 27-28 October 2015, after reducing it in the previous emergency meeting by 50 A base point is between 1.00% and 1.25%, and this comes after the committee members cut interest three times by 25 basis points in previous meetings last year.

Technical analysis

The Australian dollar pair against the US dollar ended yesterday's trading above 0.5786, and opened the day with a strong rise to reach the level of 0.5958, which provides signals on the price trend to make more expected bullish correction in the intraday and short term, especially since the price shows the features of a double bottom model that appears in the picture, Noting that a break of 0.5958 will push trades towards 0.6097 directly.

Therefore, the bullish trend will be expected for today, noting that a break of 0.5786 will stop the positive scenario and press the price to drop again.

The expected trading range for today is between 0.5800 support and 0.6030 resistance.

Expected trend for today: bullish.

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The Australian dollar fell during the Asian session to witness the resumption of the marches of decline, which stopped for the first time in ten sessions at the end of last week before resuming at the beginning of this week the march against the US dollar amid fears of the ...

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The Australian dollar fell during the Asian session to witness the resumption of the marches of decline, which stopped for the first time in ten sessions at the end of last week before resuming at the beginning of this week the march against the US dollar amid fears of the spread of the Corona virus epidemic globally and on the cusp of developments and economic data expected on Monday by The Australian economy is in the midst of tight economic data from the US economy earlier this week.

At exactly 02:50 am GMT, the Australian dollar pair declined against the US dollar by 0.82% to 0.5743 levels compared to the opening levels at 0.5790, after the pair achieved its lowest level during the trading session at 0.5700, while achieving the highest at 0.5825, knowing The pair concluded the trading last week at 0.5785 levels, before it started the trading session on an upward price gap.

Investors may now be looking to reveal the initial reading of the Markit Industrial and Services PMI for Australia for the month of March, while markets later this week by the US economy, the largest economy in the world, are expected to reveal the growth data with the disclosure of the final reading for the fourth quarter Which may reflect the stability of the pace of growth at 2.1% during the past three months at the end of last year.

Technical analysis

The Australian dollar pair versus the US dollar traded significantly lower after achieving our first goal at 0.5958, to break the level of 0.5786 with the opening of trading today, which provides signals on the price trend to resume the main downside trend, on its way to visit the 0.5509 level initially.

Therefore, a bearish bias will be favored for today, noting that a breach of 0.5958 is considered a positive signal for the price to try to return to the bullish corrective path again.

The expected trading range for today is between 0.5600 support and 0.5850 resistance.

Expected trend for today: bearish.

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The single currency, the euro, rose during the Asian session to witness its rebound from the lowest since 21 April 2017 against the US dollar on the threshold of the disclosure of the monthly report of the German Central Bank later Monday, amid the scarcity of economic data by the ...

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The single currency, the euro, rose during the Asian session to witness its rebound from the lowest since 21 April 2017 against the US dollar on the threshold of the disclosure of the monthly report of the German Central Bank later Monday, amid the scarcity of economic data by the US economy at the beginning of this week and in the shadow of growing Fears of a global outbreak of the Coronavirus virus and investor's assessment of global stimulus to confront Corona affiliates in the global economy.

At exactly 05:35 am GMT, the euro pair rose against the US dollar by 0.50% to 1.0749 levels compared to the opening levels at 1.0695 after the pair achieved its highest level during the trading session at 1.0750, while achieving the lowest in three years at 1.0636, with Knowing that the pair concluded the trading last week at 1.0688 levels, before it started the trading session on an upward price gap.

Technical analysis

The decline in the euro against the last dollar stopped at the level of 1.0637, to end last Friday's trading above the support of the descending channel that appears in the picture, noting that the price starts the day with an upward tendency in a sign to resume the corrective corrective attempts, on its way to test 1.0777 then 1.0840 levels mainly.

Thus, the bullish bias will be likely for today, noting that breaching 1.0685 then 1.0637 levels will stop the positive scenario and press the price to resume the main downside trend again.

The expected trading range for today is between 1.0650 support and 1.0840 resistance.

Expected trend for today: bullish.

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The gold price maintains its stability below the level of 1509.00, and gets a negative signal through the stochastic indicator, while the moving average constitutes 50 negative pressure against the price, to support the chances of the continuation of the expected bearish trend scenario for the next period, which ...

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The gold price maintains its stability below the level of 1509.00, and gets a negative signal through the stochastic indicator, while the moving average constitutes 50 negative pressure against the price, to support the chances of the continuation of the expected bearish trend scenario for the next period, which begins its goals by testing the level of 1453.10, noting that breaking this The level will extend the descending wave to reach 1400.00 as next target.

Consequently, we will maintain our bearish forecasts over the intraday and short term, taking note that a breach of 1509.00 might push the price for intraday gains that start at 1543.35 and may extend to 1571.20 before any new attempt to decline.

The expected trading range for today is between 1400.00 support and 1520.00 resistance.

Expected trend for today: bearish.

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EURUSD 

The pair consolidates in the range of 1.0655–1.0775 amid the massive economic stimulus measures by the ECB and the Fed, which do not allow it to take a definitive direction.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI ...

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EURUSD 

The pair consolidates in the range of 1.0655–1.0775 amid the massive economic stimulus measures by the ECB and the Fed, which do not allow it to take a definitive direction.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and is turning down. Stoch are growing.

Trading recommendations:

If the price does not go above 1.0775, it may turn around towards 1.0550.

EURUSD 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 for the second session from its top since February 24 against the Japanese yen amid the scarcity of economic data today by the Japanese economy and its American counterpart and in light of the growing fears of an ...

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The US dollar fell during the Asian session to witness its rebound for the second session from its top since February 24 against the Japanese yen amid the scarcity of economic data today by the Japanese economy and its American counterpart and in light of the growing fears of an outbreak of the Corona virus and a global assessment of investors to stimulate global to meet Follow Corona on the global economy.

At 05:50 am GMT, the US dollar pair fell against the Japanese yen by 0.88% to 109.88 levels compared to the opening levels at 110.85, after the pair achieved its lowest level during the trading session at 109.80, while achieving the highest at 111.25, knowing The pair concluded the trading last week at 110.93 levels, before it started the trading session on a falling price gap.

Technical analysis

The dollar rally against the recent bullish yen stopped at the resistance of the descending channel that appears in the picture, to keep the price holding its cohesion below it, which pushes the trading down again to make a bearish correction that begins its targets at 109.06 and extends to 107.55 after breaking the previous level.

From here, the bearish trend will be likely during the upcoming sessions, supported by the negative signal that appears through the stochastic indicator, noting that breaching 111.20 and holding above it will stop the bearish corrective scenario and lead the price to achieve more gains in the short and medium term.

The expected trading range for today is between 109.00 support and 111.20 resistance.

Expected trend for today: bearish.

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MTS PJSC 

The overall trend is downward. A shooting star reversal pattern has formed with a false breakout. The moving averages of Stochastic Oscillator are in the range of level 80 (overbought zone). The gap remains open.

Trading recommendations:

Sell at a breakout of 273.62.

Stop loss: 283.25 ...

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MTS PJSC 

The overall trend is downward. A shooting star reversal pattern has formed with a false breakout. The moving averages of Stochastic Oscillator are in the range of level 80 (overbought zone). The gap remains open.

Trading recommendations:

Sell at a breakout of 273.62.

Stop loss: 283.25.

Target levels: 66.60 (close the price gap - ½ + breakeven); 255.00.

MTS rate online: monitor the movement of MTS shares online.

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GBPCHF 

The overall trend is downward. The ascending (blue) pattern ended with the breakout of an inclined channel. Stochastic Oscillator moving averages showed an exit from the overbought zone and are directed downward.  A breakout of 1.1388 will result in the formation of a descending pattern within the overall ...

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GBPCHF 

The overall trend is downward. The ascending (blue) pattern ended with the breakout of an inclined channel. Stochastic Oscillator moving averages showed an exit from the overbought zone and are directed downward.  A breakout of 1.1388 will result in the formation of a descending pattern within the overall downtrend.

Trading recommendations:

Sell below 1.1388.

Stop loss: 1.1650.

Target levels: 1.2650 (closing the order and transfer it to breakeven); 1.122.

GBPCHF online: monitor the movement of the pair in real time.

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AUDCAD (23.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

0.8087; 0.8233; 0.8450; 0.8611; 0.8686; 0.8800.

0.9050; 0.8800; 0.8686; 0.8611; 0.8450; 0.8233.

1-3TF

Time of publication of important economic news

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EURCAD (23.03 ...

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AUDCAD (23.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

0.8087; 0.8233; 0.8450; 0.8611; 0.8686; 0.8800.

0.9050; 0.8800; 0.8686; 0.8611; 0.8450; 0.8233.

1-3TF

Time of publication of important economic news

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EURCAD (23.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

1.4720; 1.4976; 1.5240; 1.5440; 1.5700.

1.5992; 1.5700; 1.5440; 1.5240; 1.4976.

1-3TF

Time of important economic news

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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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AUDUSD (20.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

0.5512; 0.5815; 0.6027; 0.6184; 0.6460.

0.6650; 0.6460; 0.6184; 0.6027; 0.5815.

1-3TF

Tome of publication of important economic news

USD – 17:00.

 

EURGBP (20.03.2020 ...

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AUDUSD (20.03.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

0.5512; 0.5815; 0.6027; 0.6184; 0.6460.

0.6650; 0.6460; 0.6184; 0.6027; 0.5815.

1-3TF

Tome of publication of important economic news

USD – 17:00.

 

EURGBP (20.03.2020)

Time frame

Trend

Call lvels

Put levels

Xpir time

Н1

bullish

0.8750; 0.8840; 0.8941; 0.9135; 0.9328.

0.9500; 0.9328; 0.9065; 0.8941; 0.8840.

1-3TF

Tome of publication of important economic news

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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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