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The currency pair has been trading in a narrow flat range for a long time. The round secondary level of 1.2820 was insurmountable for bulls, and the round important level of 1.2700 is a deterrent for bears. A bearish divergence appeared on Awesome Oscillator.

 

Trading recommendations:

Sell below ...

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The currency pair has been trading in a narrow flat range for a long time. The round secondary level of 1.2820 was insurmountable for bulls, and the round important level of 1.2700 is a deterrent for bears. A bearish divergence appeared on Awesome Oscillator.

 

Trading recommendations:

Sell below the important 1.2700 level.

Stop Loss for round secondary level 1.2820.

Target levels - 1.2500; 1.2280; 1.2100.

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USDCAD (07.11.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

1.3050; 1.3076; 1.3100; 1.3133; 1.3180; 1.3197.

1.3197; 1.3133; 1.3100; 1.3076.

1-3 TF

Time of publication of important economic news

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USDCHF (07.11.2019)

Time frame ...

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USDCAD (07.11.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

1.3050; 1.3076; 1.3100; 1.3133; 1.3180; 1.3197.

1.3197; 1.3133; 1.3100; 1.3076.

1-3 TF

Time of publication of important economic news

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USDCHF (07.11.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

0.9843; 0.9895; 0.9915; 0.9940; 0.9965.

0.9965; 0.9940; 0.9915; 0.9895.

1-4 TF

Time of publication of important economic news

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When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buy against trend strictly on level retest! 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 tools of technical and fundamental analysis

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The overall trend of the currency pair is upward. Now the pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while the rising pattern 123 is forming, strictly after ...

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The overall trend of the currency pair is upward. Now the pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while the rising pattern 123 is forming, strictly after the breakout of the inclined channel of descending pattern.

Stop Loss under the round intermediate level 0.6850.

Target levels – 0,6920; 0.6975.

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The resistance level of 108.50 holds back buyers. A pin bar reversal pattern formed on the H4 timeframe. Bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals oversoldness. The nearest support level is 107.30.

Trading recommendations:

Sell Below 107.30.

Stop Loss – 109.15 ...

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The resistance level of 108.50 holds back buyers. A pin bar reversal pattern formed on the H4 timeframe. Bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals oversoldness. The nearest support level is 107.30.

Trading recommendations:

Sell Below 107.30.

Stop Loss – 109.15.

Target levels-105.60; 103.20; 99.00.

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The pair has formed a double top reversal pattern, which continues it’s formation. The Fed may stop cutting rates, and this will put pressure on the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located on the oversold zone line ...

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The pair has formed a double top reversal pattern, which continues it’s formation. The Fed may stop cutting rates, and this will put pressure on the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located on the oversold zone line and moves horizontally. Stoch are also in this zone and uninformative.

Trading recommendations:

Expect the pair to continue dropping to 1.1000.

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The US dollar fell during the Asian session to witness a rebound for the third session from its highest since October 30, when it tested the highest since early August against the Japanese yen amid the lack of economic data by the Japanese economy and on the eve of developments ...

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The US dollar fell during the Asian session to witness a rebound for the third session from its highest since October 30, when it tested the highest since early August against the Japanese yen amid the lack of economic data by the Japanese economy and on the eve of developments and economic data expected on Thursday from Ahead of the US economy the largest in the world.

At 06:09 AM GMT the USDJPY fell 0.21% to 108.75 levels from the opening levels of 108.98, the pair's highest level during the trading session, while the pair reached its lowest level at 108.65.

Investors are currently awaiting the US economy to reveal last week's jobless claims reading, which may reflect a decline of 3 thousand applications to 215 thousand applications. The reading of the number of claims applications may show investors a decline of 30 thousand applications to 1,660 thousand applications. Before we see the release of the consumer credit reading which may show slower growth to $ 15.6 billion versus $ 17.9 billion in August.

Technical Analysis

USDJPY continues to decline to near 108.40, noting that the stochastic has eliminated its negative momentum to reach oversold areas, awaiting the price to rebound upwards and resume the upside trend that is regulated within the ascending channel shown, whose targets begin to breach 109.33. To confirm opening the way towards 110.50.

From here, our bullish outlook will remain valid unless 108.40 is breached.

Expected trading range for today is between 108.00 support and 109.50 resistance.

Expected trend for today: Bullish.

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Gold futures fluctuated in a narrow range upward during the Asian session to witness the rebound to the third session of the lowest since October 16, ignoring the rise of the US dollar index to its highest since 17 of the same month according to the inverse relationship between them ...

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Gold futures fluctuated in a narrow range upward during the Asian session to witness the rebound to the third session of the lowest since October 16, ignoring the rise of the US dollar index to its highest since 17 of the same month according to the inverse relationship between them on the eve of developments and economic data The US economy is expected Thursday in the shadow of market pricing to postpone a trade agreement between Washington and Beijing.

At 03:37 am GMT, gold futures for December delivery rose 0.01% to trade at $ 1,1491.22 an ounce, compared with the opening at $ 1489.78 an ounce. The dollar index rose 0.05% to 98.00 compared to the opening at 97.95.

Investors are currently awaiting the US economy to reveal last week's jobless claims reading, which may reflect a decline of 3 thousand applications to 215 thousand applications. The reading of the number of claims applications may show investors a decline of 30 thousand applications to 1,660 thousand applications. Before we see the release of the consumer credit reading which may show slower growth to $ 15.6 billion versus $ 17.9 billion in August.

Otherwise, we followed the report that the upcoming meeting between US President Donald Trump and his Chinese counterpart Xi Jinping to sign an interim trade agreement could be postponed to December as the US and China discuss the terms of the agreement and where the two presidents will gather, knowing, Among the various proposals are their meeting to sign the agreement after the meeting of the North Atlantic Treaty Organization scheduled for early next month

Technical Analysis

Gold finished yesterday's trading below 1489.00, confirming the activation of the bearish trend scenario on the intraday basis, on its way to achieve negative targets starting at 1447.00, to be a bearish bias likely for today, supported by the negative pressure formed by SMA 50.

Therefore, we are waiting for negative trading over the coming sessions, bearing in mind that breaching 1489.00 level and holding above it will stop the expected decline and lead the price to recover again.

Expected trading range for today is between 1465.00 support and 1500.00 resistance.

Expected trend for today: Bearish.

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The single currency fluctuated in a narrow range against the dollar during the Asian session to witness its bounce for the sixth session since its highest since October 21, when it tested the highest since August 14 against the dollar on the eve of developments and economic data expected on ...

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The single currency fluctuated in a narrow range against the dollar during the Asian session to witness its bounce for the sixth session since its highest since October 21, when it tested the highest since August 14 against the dollar on the eve of developments and economic data expected on Thursday before Eurozone economies are the largest in the world.

At 05:08 AM GMT, EUR / USD fell 0.06% to 1.1059 levels compared to the opening at 1.1066, after hitting its lowest level since October 16 at 1.1055, while the pair reached its highest level during trading The session was at 1.1073.

Markets are looking for Germany, the euro zone's largest economy, to release a seasonally adjusted industrial production figure, which could reflect a 0.3% decline versus a 0.3% rise in September, before Italy's third largest economy releases retail sales, which could show a 0.3% rise. Down from 0.3% in August, coinciding with the release of the ECB's monthly ECB report.

In order to reveal the quarterly forecasts of the European Commission, in conjunction with the meetings of the euro group attended by finance ministers of the member countries of the region, the Commissioner for Economic and Monetary Affairs and the Governor of the European Central Bank, which discuss many financial issues such as mechanisms to support the euro and government funding, and these meetings are closed and does not allow means However, officials have been holding interviews with the media throughout the day.

On the other hand, investors are currently awaiting the US economy to reveal the reading of the claims applications for the past week, which may reflect a decline of 3 thousand applications to 215 thousand applications, as may read the index of claims applications shows a decline of 30 thousand applications to 1,660 thousand Requested, before we see the release of a consumer credit reading which may show slower growth to $ 15.6 billion versus $ 17.9 billion in August.

Technical Analysis

EUR / USD opens today with a new bearish bias to breach the 1.1065 level and try to hold below it, which puts the price under further negative pressure expected for the coming period, where the formation of a double top pattern showing its features in the above chart, which has negative targets reaching 1.0995 then 1.0950 .

Therefore, the bearish bias is likely for today, noting that the rally up and breaching 1.1105 will stop the expected decline and lead the price to regain its bullish path again.

Expected trading range for today is between 1.0950 support and 1.1120 resistance.

Expected trend for today: Bearish.

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Cisco is moving in a sideways trend after the support at 46.89 has held up against the price action. The price was able to breach the 50 MA.

Stability is above 61.8% Fibonacci retracement which is a key factor to start the bullish path and with the price ...

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Cisco is moving in a sideways trend after the support at 46.89 has held up against the price action. The price was able to breach the 50 MA.

Stability is above 61.8% Fibonacci retracement which is a key factor to start the bullish path and with the price able to breach the 50-20 moving averages and stability above these averages will be a key factor to start the bullish move.

Stochastic is on an uptrend towards overbought area, which will increase the positive pressure on the price and strengthen the support level.

The general trend is to the upside.

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The Aussie fluctuated in a narrow, bearish range during the Asian session to see its rebound for the third session from its highest since late October, when it tested the highest since July 26 against the US dollar following the developments and economic data that followed from the Australian economy ...

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The Aussie fluctuated in a narrow, bearish range during the Asian session to see its rebound for the third session from its highest since late October, when it tested the highest since July 26 against the US dollar following the developments and economic data that followed from the Australian economy and on the threshold Economic developments and data expected Thursday by the US economy, the largest economy in the world.

At 02:33 am GMT, AUDUSD fell 0.20% to 0.6870 levels, compared with opening levels at 0.6884, after the pair reached its lowest level during the session at 0.6866, while achieving the highest at 0.6885.

The Australian economy followed the release of the AIG Construction Index which showed contraction shrank to 43.9 from 42.6 in September, before the release of the Trade Balance which showed a surplus widening to $ 7.18 billion. Aussie versus A $ 6.62 billion in August, contrary to expectations that the surplus would shrink to A $ 5.10 million.

On the other hand, investors are currently awaiting the US economy to reveal the reading of the claims applications for the past week, which may reflect a decline of 3 thousand applications to 215 thousand applications, as may read the index of claims applications shows a decline of 30 thousand applications to 1,660 thousand Requested, before we see the release of a consumer credit reading which may show slower growth to $ 15.6 billion versus $ 17.9 billion in August.

Technical Analysis

AUDUSD has achieved a clear break of 0.6895 and stabilized below it, pressuring the support of the bullish intraday channel shown in the picture, which stops the positive scenario proposed in our recent reports and pressures the price to turn lower, on its way to achieve negative targets starting at 0.6825 and extending to 0.6755 .

Therefore, the bearish bias is likely for today unless 0.6895 is breached and stability above it again.

Expected trading range for today is between 0.6800 support and 0.6900 resistance

Expected trend for today: Bearish

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