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The Australian dollar versus the US dollar is crawling upwards to approach the pivotal resistance 0.6750, and as long as the price is below this level, our bearish direction expectations will remain valid for the next period, supported by the negative pressure formed by the EMA50, waiting for targeting ...

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The Australian dollar versus the US dollar is crawling upwards to approach the pivotal resistance 0.6750, and as long as the price is below this level, our bearish direction expectations will remain valid for the next period, supported by the negative pressure formed by the EMA50, waiting for targeting 0.6670 then 0.6560 levels as the next main stations.

It should be noted that a break of 0.6754 will push the price to test the 0.6820 level directly before any new attempt to decline.

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

Expected trend for today: bearish.

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Aeroflot shares fell to the support level after achieving the bullish target with the opening of trading this week. The bearish movement stopped at the support 117.70, where the moving average 7 is.

Price action above the moving averages 7-20-50 which constitute strong price support levels.

The stochastic oscillator ...

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Aeroflot shares fell to the support level after achieving the bullish target with the opening of trading this week. The bearish movement stopped at the support 117.70, where the moving average 7 is.

Price action above the moving averages 7-20-50 which constitute strong price support levels.

The stochastic oscillator has exited the overbought zone on a bearish path, indicating weakness in the bullish path, and the price started the bearish correction for the bullish movement.

The general trend of the movement: upward path.

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EURUSD (11.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

Bearish

1.0940; 1.0993; 1.1033.

1.1095; 1.1033; 1.0993; 1.0940; 1.0905.

1-3 TF

Time of publication of important economic news

EUR – 17:00.

USD – 18:00.

AUDUSD (11.02.2020 ...

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EURUSD (11.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

Bearish

1.0940; 1.0993; 1.1033.

1.1095; 1.1033; 1.0993; 1.0940; 1.0905.

1-3 TF

Time of publication of important economic news

EUR – 17:00.

USD – 18:00.

AUDUSD (11.02.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

0.6672; 0.6723; 0.6772; 0.6832.

0.6880; 0.6832; 0.6772; 0.6723; 0.6672.

1-3TF

Time of publication of important economic news

USD – 18:00.

 

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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The Australian dollar rose during the Asian session to witness its bounce to the third session from the lowest since March 18 of 2009 against the US dollar, following 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 third session from the lowest since March 18 of 2009 against the US dollar, following 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, which includes the launch of the activities Federal Reserve Governor Jerome Powell's semi-annual testimony before the Congress in Washington.

At 2:50 am GMT, the Australian dollar pair rose against the US dollar by 0.24% to 0.6703 levels compared to the opening levels at 0.6687, after the pair achieved its highest level during the trading session at 0.6708, while the pair achieved its lowest at 0.6681.

On the Australian economy, we have followed the release of the Australian National Bank’s business confidence index, which showed the contraction widened to 2 vs. 1 in the previous reading last December, while the same indicator of confidence in the current conditions showed the expansion of expansion at what it valued 3 little changed from what it was in the previous reading of December.

On the other hand, investors are currently closely watching for the launch of the activities of the semi-annual testimony of Federal Reserve Governor Jerome Powell before the Congress, where Powell is expected to present today the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives, before he makes Tomorrow, Wednesday, the second half of his testimony before the Senate Banking Committee.

Markets are also looking ahead by the US economy for the release of a job readability statistic and job turnover that may reflect an increase to 6.93 million compared to 6.80 million in November, and that comes before we witness the speech of FOMC members Randall Quarlis About banking radiance in Connecticut, all the way to the talk of Minneapolis Federal Reserve Chairman Neil Kashkari at the City Hall event in Montana.

Technical analysis

The Australian dollar versus the US dollar did not show any strong movement in the previous sessions, to maintain its stability below the level of 0.6754, and therefore, our expectations for the downside trend will remain valid for the next period, supported by the negative pressure that the EMA50 forms, noting that we are waiting for the break of the 0.6670 level to confirm It opened the way towards heading towards 0.6560 as a next target.

The expected trading range for today is between 0.6650 support and 0.6750 resistance.

Expected trend for today: bearish.

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The euro currency fluctuated in a narrow range slanting back down during the Asian session to witness the lowest since October 2 against the dollar, amid the scarcity of economic data by the eurozone economies and looking forward to the talk of European Central Bank Governor Krisen Lagarde about the ...

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The euro currency fluctuated in a narrow range slanting back down during the Asian session to witness the lowest since October 2 against the dollar, amid the scarcity of economic data by the eurozone economies and looking forward to the talk of European Central Bank Governor Krisen Lagarde about the European Central Council annual report before the European Parliament In Strasbourg and on the cusp of developments and economic data expected today Tuesday by the US economy, which includes the launch of the activities of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the Congress in Washington.

At 05:26 am GMT, the euro pair fell against the US dollar by 0.01% to 1.0910 levels compared to the opening levels at 1.0911, after the pair achieved its lowest level in four months at 1.0908, while achieving the highest during the trading session at 1.0917.

Investors are currently awaiting by the US economy, the largest economy in the world, the launch of the activities of the semi-annual Governor of the Federal Reserve Jerome Powell before the Congress, where it is expected that Powell will present today the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives And that is before tomorrow, Wednesday, he will give the second half of his testimony before the Senate Banking Committee.

Markets are also looking at the US economy for the release of a job read and turnover statistic that may reflect an increase to 6.93 million compared to 6.80 million in November, before we witness the speech of FOMC members Randall Quarles about brightness The Connecticut banker, and Federal Reserve Bank of Minneapolis chief Neil Kashkari spoke at the Montana Town Hall event.

Technical analysis

The euro against the dollar pair resumed its negative trading yesterday, to start testing the 1.0900 barrier, to gradually approach our awaited target at 1.0860, and it falls under continuous negative pressure coming from the EMA50.

Consequently, we continue to favor the bearish trend for the upcoming period, noting that exceeding the target level will push the price to 1.0780 as a next negative station, while the expected decline will remain valid provided the stability is below 1.1010.

The expected trading range for today is between 1.0830 support and 1.0980 resistance.

Expected trend for today: bearish.

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Gold price futures fluctuated in a narrow range tilted to a decline during the Asian session to witness the resumption of its rebound from its top since January 8, when it tested the highest for it since March 22, 2013, disregarding the rebound of the US dollar index for the ...

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Gold price futures fluctuated in a narrow range tilted to a decline during the Asian session to witness the resumption of its rebound from its top since January 8, when it tested the highest for it since March 22, 2013, disregarding the rebound of the US dollar index for the second session from its top. Since October 10, according to the inverse relationship between them on the cusp of developments and economic data expected today by the US economy, which includes the launch of the activities of the semi-annual Governor of the Federal Reserve Jerome Powell in front of Congress.

At exactly 04:12 AM GMT, gold price futures for April delivery decreased 0.24% to trade at $ 1,571.80 per ounce compared to the opening at $ 1,575.50 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded yesterday's trading At $ 1,579.50 an ounce, while the US dollar index fell 0.01% to 98.85 compared to the opening at 98.86.

Investors are currently awaiting by the US economy, the largest economy in the world, the launch of the activities of the semi-annual Governor of the Federal Reserve Jerome Powell before the Congress, where it is expected that Powell will present today the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives And that is before tomorrow, Wednesday, he will give the second half of his testimony before the Senate Banking Committee.

Markets are also looking ahead by the US economy for the release of a job readability statistic and job turnover that may reflect an increase to 6.93 million compared to 6.80 million in November, before we witness the speech of FOMC members Randall Quarles about Banking Connectivity in Connecticut, and Federal Reserve Bank of Minneapolis President Neil Kashkari speaks at the Montana Town Hall event.

Otherwise, investors are also closely watching what will come out of the ECB Governor Christine Lagarde’s talk about the European Central Bank’s annual report to the European Parliament in Strasbourg, before we also witness later in the day Bank of England Governor Mark Carney testimony before the Economic Affairs Committee of the Council The lords in London are hurting hours after the disclosure of growth data for the first quarter of the British economy.

On the other hand, doubts remain about how quickly Chinese factories return to work following the lunar New Year holiday in China, which has been extended as part of efforts to contain and combat the spread of the Coronavirus, which has killed at least 1,011 people, most of them in Wuhan, China. It is the epicenter of the coronavirus that has spread to at least 27 countries so far.

Technical analysis

Gold price bounced slightly lower after touching the level of 1575.90, which indicates the importance of this level to the fate of the next destination, noting that we need to breach this level to confirm the extension of the upside wave towards 1611.20.

The stochastic is clearing its negative momentum and reaching the oversold areas in the sell, while the EMA50 continues to provide positive support for the price, to keep our expectations for the bullish direction in the intraday and short term unless the 1554.10 level and stability below it are broken.

The expected trading range for today is between 1560.00 support and 1590.00 resistance.

Expected trend for today: bullish.

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Google's stock continues the bullish path. As the stock was able to settle above the upper bound of the ascending channel that was trading within it, thus the bullish path of the stock will continue.

The movement continues above the 7-20-50 MAs that move in an ascending order below ...

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Google's stock continues the bullish path. As the stock was able to settle above the upper bound of the ascending channel that was trading within it, thus the bullish path of the stock will continue.

The movement continues above the 7-20-50 MAs that move in an ascending order below the price.

The stochastic oscillator is entering the overbought zone on an upward path, and this is reflected in the bullish price movement.

Expected trend for today: bullish.

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The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen amid the scarcity of economic data by the Japanese economy due to the National Foundation Day holiday in Japan and on the cusp of developments and economic data expected on ...

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The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen amid the scarcity of economic data by the Japanese economy due to the National Foundation Day holiday in Japan and on the cusp of developments and economic data expected on Tuesday by the American economy, which includes the launch of the activities of the semi-annual governor of Federal Reserve Jerome Powell in front of the Congress in Washington.

At exactly 05:53 AM GMT, the US dollar pair rose against the Japanese yen by 0.11% to 109.89 levels compared to the opening levels at 109.77, after the pair achieved its highest level during the trading session at 109.91, while the pair achieved its lowest at 109.74.

Investors are currently awaiting by the US economy, the largest economy in the world, the launch of the activities of the semi-annual Governor of the Federal Reserve Jerome Powell before the Congress, where it is expected that Powell will present today the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives And that is before tomorrow, Wednesday, he will give the second half of his testimony before the Senate Banking Committee.

Markets are also looking ahead by the US economy for the release of a job readability statistic and job turnover that may reflect an increase to 6.93 million compared to 6.80 million in November, before we witness the speech of FOMC members Randall Quarles about Banking Connectivity in Connecticut, and Federal Reserve Bank of Minneapolis President Neil Kashkari speaks at the Montana Town Hall event.

Technical analysis

The dollar pair against the yen begins today's trading with a slight bullish tendency in an indication of the price trend to resume the expected bullish path for the coming period, which aims to visit the 110.50 level as a first station, noting that the moving average 50 supports the expected rise, which extends its objectives to reach 111.50 after exceeding the previous level.

On the other hand, it should be noted that a break of 109.33 will stop the suggested rally and put pressure on the price to turn towards the downside.

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

Expected trend for today: bullish.

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The price pivot zone 38.70 and the trend line held back buyers. A start fractal was formed below the 135 moving average. Breaking through the start fractal will result a descending 123 pattern. Stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell below 38.09.

 Stop loss: 38.70.

Target ...

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The price pivot zone 38.70 and the trend line held back buyers. A start fractal was formed below the 135 moving average. Breaking through the start fractal will result a descending 123 pattern. Stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell below 38.09.

 Stop loss: 38.70.

Target levels: 37.75 (closing the market and transfer to breakeven); 36.90.

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The 1.7110 support level held back sellers. The overall trend is upward. The inclined channel of the descending pattern has been broken (A H1), and a presumed correction has been formed (B H1). The formation of an uptrend (AC + bC + cC (red)) will result the expected wave (with H1 ...

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The 1.7110 support level held back sellers. The overall trend is upward. The inclined channel of the descending pattern has been broken (A H1), and a presumed correction has been formed (B H1). The formation of an uptrend (AC + bC + cC (red)) will result the expected wave (with H1) within the overall uptrend. Also, a bullish divergence is formed on Awesome Oscillator indicator.

 

Trading recommendatoins:

Buy while an ascending structure is forming (on the breakout of the top (aC)).

Stop loss under the support level 1.7110.

Target levels: 1.7247; 1.7350; 1.7477.

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