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The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness a rebound for the second session from the highest since October 30, when it tested the highest since early August against the Japanese yen following the developments and economic data that followed from the ...

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The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness a rebound for the second session from the highest since October 30, when it tested the highest since early August against the Japanese yen following the developments and economic data that followed from the Japanese economy and on the threshold Economic developments and data expected on Wednesday by the US economy, including the speech of members of the Federal Open Market Committee.

At 05:58 AM GMT, USD / JPY fell 0.08% to 109.07 levels from 109.16 opening levels, after hitting a session low of 109.01 and a high of 109.18.

Following the release of the minutes of the BoJ meeting held at the end of October during which the Bank of Japan's monetary policy makers decided to keep interest rates negative at 0.10% and maintain the asset purchase program unchanged and future interest rate trends. , Which was expected with the market outlook, with the release of the monetary policy statement at the time.

On the other hand, investors are looking forward to the outcome of the Federal Open Market Committee and Charles Evans, chairman of the Federal Reserve Bank of Chicago, at the Council on Foreign Relations in New York. 2.2% vs. 2.6% in the second quarter.

Markets are also eyeing the US economy to reveal the preliminary reading of non-agricultural sector productivity, which may also show slower growth to 1.0% vs. 2.3% in the second quarter, up to FOMC member and New York Federal Reserve Chairman John Williams during his participation in Moderate discussion on the future of the workforce at the Wall Street Journal event in New York.

Technical Analysis

USDJPY succeeded in reaching a few pips from our first target at 109.33, showing some slight bearish bias affected by negative stochastics, and may test SMA 50 before resuming the bullish trend again.

So far, we expect the bullish bias to continue in the coming period supported by regular trading within the ascending channel shown in the picture, noting that a breach of 109.33 will push the price to 110.50 as the next stop, while the bullish trend will remain intact unless breaking 108.40 - 108.20 levels and holding below it.

Expected trading range for today is between 108.40 support and 109.80 resistance.

Expected trend for today: Bullish.

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Gold futures fluctuated in a narrow upward range during the Asian session to witness the rebound for the second session of the lowest since October 16 last amid the decline of the US dollar index according to the inverse relationship between them on the eve of developments and economic data ...

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Gold futures fluctuated in a narrow upward range during the Asian session to witness the rebound for the second session of the lowest since October 16 last amid the decline of the US dollar index according to the inverse relationship between them on the eve of developments and economic data expected on Wednesday by the US economy This includes the FOMC members' talk and amid the look at developments in trade negotiations between Washington and Beijing.

Gold futures for December delivery rose 0.22% to trade at $ 1,485.70 an ounce compared with the opening at $ 1,483.50 an ounce, with the US dollar index down 0.02% to 97.93 compared to the opening at 97.95.

Investors are eyeing the outcome of Federal Open Market Committee Chairman Charles Evans at the Council on Foreign Relations in New York, ahead of the unveiling of a preliminary reading of a single US labor cost index that reflects a slower pace of growth to 2.2%. 2.6% in the second quarter.

Markets are also eyeing the US economy to reveal the preliminary reading of non-agricultural sector productivity, which may also show a slower pace of growth to 1.0% vs. 2.3% in the second quarter, up to FOMC member and New York Federal Reserve Chairman John Williams during his participation. In a moderate discussion about the future of the workforce at the Wall Street Journal event in New York.

On the other hand, investors hope that the United States, the largest economy in the world and China, the largest in Asia and the second largest in the world, to conclude the first phase of the trade agreement between them later this month, and that this will result in Washington not activating the recent decision to expand Imposition of tariffs on Chinese goods and goods by December 15.

Some of the report recently touched on the fact that China is seeking to force the United States to retreat from its trade protectionist policies and impose more tariffs on its exports to the US before President Xi Jinping agrees to take the politically sensitive move to the US to sign the first phase of the agreement. Trade with his US President Donald Trump.

We would like to point out that, as of now, it has not been announced when or where the US president will meet with his Chinese counterpart to sign the agreement, which could be a step towards resolving the trade disputes between Washington and Beijing in the shadow of the trade war between the two parties, which has passed its first year. On Monday, I touched on the fact that China is reviewing the available places in America where the two presidents could meet to sign the agreement.

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 see its bounce for the fifth session from its highest since October 21, when it tested its 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 see its bounce for the fifth session from its highest since October 21, when it tested its highest since August 14 against the dollar on the eve of developments and economic data expected on Wednesday before Eurozone economies and the US economy which include FOMC members speech.

At 05:06 AM GMT, EUR / USD fell 0.04% to 1.1071 levels from the opening at 1.1075, after the pair reached a session low of 1.1067, while the pair reached the highest at 1.1080.

Markets are looking for Germany, the euro zone's largest economy, to release factory orders which may show a 0.1% rise versus a 0.6% decline in August, revealing the services PMI for Spain, the region's fourth-largest economy, which may show a widening contraction to 52.8 from 53.3. In September, the release of the same index reading for Italy, the region's third largest economy, may also reflect a widening contraction to 51.0 versus 51.4.

Investors are also waiting for France, the second largest economy in the euro zone to reveal the final reading of the services PMI, which may show the stability of the expansion at 52.9 unchanged from the initial reading of last month, compared to 51.1 in September, before the final reading of the same indicator for Germany It may also show the stability of the amplitude at 51.2, little changed from the previous initial reading, versus 51.4.

The final reading of the Eurozone Services PMI which may show a steady expansion at 51.8 remains unchanged from the previous initial reading, and against 51.6 in September, before we also see the economies of the region as a whole the retail sales index which may show Growth slowed to 0.1% vs. 0.3% in August, while the annual reading of the same index may reflect acceleration to 2.4% vs. 2.1%.

On the other hand, investors are looking forward to the outcome of the Federal Open Market Committee and Charles Evans, chairman of the Federal Reserve Bank of Chicago, at the Council on Foreign Relations in New York. 2.2% vs. 2.6% in the second quarter.

Markets are also eyeing the US economy to reveal the preliminary reading of non-agricultural sector productivity, which may also show a slower pace of growth to 1.0% vs. 2.3% in the second quarter, up to FOMC member and New York Federal Reserve Chairman John Williams during his participation. In a moderate discussion about the future of the workforce at the Wall Street Journal event in New York.

Technical Analysis

EUR / USD held steady near 1.1065 after yesterday's strong decline, and since the price is above this level, our bullish outlook will remain valid so far, supported by positive stochastic, waiting for a breach of 1.1105 to consolidate the chances of heading towards 1.1180 as a first positive stop. .

On the other hand, we should note that breaching 1.1065 and holding below it will stop the expected rally and press the price to achieve further declines, where the main targets reach 1.0995 then 1.0950.

Expected trading range for today is between 1.1000 support and 1.1170 resistance.

Expected trend for today: Bullish.

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The Australian dollar fell in a narrow, bearish range during the Asian session to see its fifth session rebound against the dollar on the eve of economic developments and data expected on Wednesday by the US economy, including the speech of members of the Federal Open Market Committee.

In the ...

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The Australian dollar fell in a narrow, bearish range during the Asian session to see its fifth session rebound against the dollar on the eve of economic developments and data expected on Wednesday by the US economy, including the speech of members of the Federal Open Market Committee.

In the morning the Australian dollar against the US dollar fell by 0.04% to 0.6889 levels compared to the opening at 0.6892, after the pair reached its lowest level during the session at 0.6883, while the pair achieved the highest at 0.6899.

Investors are looking forward to the outcome of the FOMC member and Chicago Federal Reserve Chairman Charles Evans at the Council on Foreign Relations in New York. In the second quarter.

Markets are also eyeing the US economy to reveal the preliminary reading of non-agricultural sector productivity, which may also show a slower pace of growth to 1.0% vs. 2.3% in the second quarter, up to FOMC member and New York Federal Reserve Chairman John Williams during his participation. In a moderate discussion about the future of the workforce at the Wall Street Journal event in New York.

Technical Analysis

AUDUSD continues to fluctuate around 0.6895, while the Stochastic begins attempts to get rid of negative momentum, waiting for a positive incentive enough to push the price to resume the expected bullish trend for the coming period, which targets 0.7015 as the first major stop, noting that breaking Stability below 0.6895 will push the pair down towards 0.6825 then 0.6755 as the main negative targets.

Expected trading range for today is between 0.6870 support and 0.6960 resistance.

Expected trend for today: Bullish.

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Aeroflot reached 107.36 resistance at 23.6% Fibonacci retracement level.

The price is moving under the positive effect of the 7-50-20 moving averages that form support levels.

Stochastic is in a downtrend after exiting the overbought area which negatively affects the price action and increases the resistance 107.36 ...

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Aeroflot reached 107.36 resistance at 23.6% Fibonacci retracement level.

The price is moving under the positive effect of the 7-50-20 moving averages that form support levels.

Stochastic is in a downtrend after exiting the overbought area which negatively affects the price action and increases the resistance 107.36.

Expected trend for today: Bullish.

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The general trend on TF H1 is an uptrend. The downward construction formed on the H2 level. A descending truncated M30 level pattern has formed in the wave (C), which ended with the breakout of the inclined channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator ...

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The general trend on TF H1 is an uptrend. The downward construction formed on the H2 level. A descending truncated M30 level pattern has formed in the wave (C), which ended with the breakout of the inclined channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness. The breakthrough of 0.6378 will result in the formation of an ascending wave pattern.

Trading recommendations:

Buy above 0.6378.

Stop Loss – 0.6363.

Target levels - 0.6390; 0.6430; 0.6462.

If the price drops to the local minimum, cancel the trading plan.

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The pair has formed a double top reversal pattern and the price is at the level of the "neck" line. If the demand for risky assets remains strong, the pair will complete this pattern by dropping further.

The price is below the middle Bollinger band, at SMA 5, but below ...

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The pair has formed a double top reversal pattern and the price is at the level of the "neck" line. If the demand for risky assets remains strong, the pair will complete this pattern by dropping further.

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

Trading recommendations:

The price decline and its consolidation below 1.1075 will lead to the resumption of the pair's drop to 1.1000.

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The stock is trading in a downward corrective price channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while the 123 pattern is forming, strictly above the upper limit of the descending price channel.

Stop Loss- 103.38 or local ...

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The stock is trading in a downward corrective price channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while the 123 pattern is forming, strictly above the upper limit of the descending price channel.

Stop Loss- 103.38 or local minimum.

Target levels - 105.00; 107.20.

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AUDCAD (06.11.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

Bullish

0.8905; 0.8970; 0.9020; 0.9046; 0.9103.

0.9103; 0.9046; 0.9020; 0.8970.

1-3 TF

Time of publication of important economic news

 CAD – 18:00.

 

CADCHF (06.11.2019)

Time ...

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AUDCAD (06.11.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

Bullish

0.8905; 0.8970; 0.9020; 0.9046; 0.9103.

0.9103; 0.9046; 0.9020; 0.8970.

1-3 TF

Time of publication of important economic news

 CAD – 18:00.

 

CADCHF (06.11.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

Bullish

0.7487; 0.7534; 0.7555; 0.7570; 0.7597.

0.7634; 0.7597; 0.7570; 0.7555; 0.7534; 0.7487.

1-4 TF

Time of publication of important economic news

CAD – 18:00.

 

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 is upward. The stock is trading in the range of 150 and 365 moving averages. The pivot zone 232.90 holds back sellers, and Stochastic Oscillator indicator signals oversoldness. Breaking through the pivot zone 236.80 will result in the formation of an upward pattern 123.

Trading ...

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The overall trend is upward. The stock is trading in the range of 150 and 365 moving averages. The pivot zone 232.90 holds back sellers, and Stochastic Oscillator indicator signals oversoldness. Breaking through the pivot zone 236.80 will result in the formation of an upward pattern 123.

Trading recommendations:

Buy after the price fixes above 236.80.

Stop Loss – 232.90.

Target - 242.08.

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