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The Australian dollar against the US dollar is trading in a positive note, approaching the 0.7200 barrier, waiting to cross this level to support the expected bullish wave in the intraday and short term, which targets 0.7290 as the next major station.

In general, we will continue to ...

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The Australian dollar against the US dollar is trading in a positive note, approaching the 0.7200 barrier, waiting to cross this level to support the expected bullish wave in the intraday and short term, which targets 0.7290 as the next major station.

In general, we will continue to suggest the bullish trend for the upcoming period, unless breaking 0.7065 level and holding below it.

The expected trading range for today is between 0.7120 support and 0.7260 resistance.

The expected general trend for today: Bullish.

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The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to witness its retracement of the third session from the lowest since July 27 against the US dollar before developments and economic data expected on Wednesday by the economies of the euro area and the ...

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The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to witness its retracement of the third session from the lowest since July 27 against the US dollar before developments and economic data expected on Wednesday by the economies of the euro area and the US economy, the largest economy in the world.

At exactly 05:12 AM GMT, the euro pair rose against the US dollar by 0.11% to 1.1816 levels, compared to opening levels at 1.1803, after the pair achieved its highest level during the session's trading at 1.1822, while it reached its lowest level at 1.1793.

The markets are currently looking for Spain, the fourth-largest economy in the eurozone, to unveil the service PMI reading, which may show an expansion to a value of 52.3 compared to 50.2 last June, and this comes before we see Italy, the third-largest economy in the region, the release of the index reading. Managers The same, which may reflect an expansion to a value of 51.2 compared to a contraction of 46.4 in June.

This comes before we witness about France, the second-largest economy in the eurozone, the disclosure of the final reading of the services PMI index, which may show the stability of the expansion at 57.8, unchanged from the initial reading for the past month and compared to an expansion at 50.7 in June, before we witness the reading. The final index of the same index for Germany, the largest economy in the region, stabilized the breadth at 56.7, unchanged from the initial reading, and against a contraction of 47.3.

Up to the release of the final reading of the service purchasing managers' index for the economies of the euro area as a whole, which may reflect the stability of the expansion at 55.1, unchanged from the initial reading for the past month and against a contraction of 48.3 in June, before the retail sales index reading also revealed for the economies of the region as a whole. It reflects a slowdown in growth to 6.5%, compared to 17.8% in May.

On the other hand, investors are awaiting the US economy to reveal preliminary data for the labor market with the release of the index of change in private-sector jobs, which may reflect a slowdown in the pace of job creation to about 1,200 thousand jobs added compared to 2,369 thousand jobs in June, and this comes before Hours of release on Friday, the day after the monthly employment report, except for agricultural and unemployment rates, in addition to the average hourly earnings for the month of July

This comes before we witness the release of the merchandise trade balance index reading, which may explain the narrowing of the deficit to a value of $ 50.3 billion compared to $ 54.6 billion in June, and before the disclosure of the final reading of the Institute for Service Provisioning Index by Markit from the United States, which may reflect stability The contraction was at a value of 49.6, unchanged from what it was in the preliminary reading for the past month, and compared to a contraction of 47.9 in June.

Up to uncovering the index reading of the Service Provisioning Institute, whose importance lies in the fact that the service sector represents more than two-thirds of the United States' GDP, which may explain the contraction of the expansion to a value of 55.0 compared to 57.1 in June, and this comes before the president of the Cleveland Federal Reserve Bank FOMC member Loretta Meester on economic prospects at the virtual conference on Liberal Arts Macroeconomics.

Technical analysis

  

The EUR / USD pair shows further rise to surpass the 1.1800 barrier and settle above it, which supports the continuation of the expected bullish trend scenario in the intraday and short term, which targets 1.1908 then 1.1995 as next major stops, noting that the SMA 50 continues to support the suggested bullish wave.

On the other hand, we should note that a break of 1.1737 will stop the expected rise and pressure the price to make more bearish correction.

The expected trading range for today is between 1.1740 support and 1.1920 resistance.

The expected general trend for today: Bullish.

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#BA

Bulls are testing the price pivot zone of 167.63. Awesome Oscillator indicates a bullish divergence, and Stochastic Oscillator indicates an oversold condition. If the price fixes above the price pivot zone of 167.63, it will rise further.

#BA rate online: monitor price movement in real time.

Trading ...

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#BA

Bulls are testing the price pivot zone of 167.63. Awesome Oscillator indicates a bullish divergence, and Stochastic Oscillator indicates an oversold condition. If the price fixes above the price pivot zone of 167.63, it will rise further.

#BA rate online: monitor price movement in real time.

Trading recommendations:

Buy above the price pivot zone of 167.63.

Stop Loss: 152.00.

Target levels: 194.0; 233.0.

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The dollar versus yen pair traded in a noticeable negativity yesterday, surpassing the SMA 50 and approaching our first awaited target at 105.20, reinforcing expectations for a further decline in the coming sessions, reminding you that breaking the aforementioned level will extend the downside wave to reach 103.65 ...

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The dollar versus yen pair traded in a noticeable negativity yesterday, surpassing the SMA 50 and approaching our first awaited target at 105.20, reinforcing expectations for a further decline in the coming sessions, reminding you that breaking the aforementioned level will extend the downside wave to reach 103.65.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless we witness a clear and stable breakout above 106.44.

The expected trading range for today is between 104.70 support and 106.10 resistance.

The expected general trend for today: Bearish.

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Sber Bank stock continues moving within the ascending channel as it tries to test the resistance (229.33) as seen in the chart. After it broke the resistance 215.70 and confirmed its break.

The current price action is between the support level 202.23 and the resistance level 229 ...

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Sber Bank stock continues moving within the ascending channel as it tries to test the resistance (229.33) as seen in the chart. After it broke the resistance 215.70 and confirmed its break.

The current price action is between the support level 202.23 and the resistance level 229.06 over the medium period.

While the main targets will be at the support level 185.80 and the resistance level 239.00.

The moving averages are below the price (50 near the support level 202.63 and the SMA 20 near the level of 215.70) and add pressure on the price for further upside.

General direction of movement: Bullish path

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CADJPY

The ascending wave pattern (H2) is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an oversold condition. The level of 88.2% on Fibo is not broken, which allows to assume that the upward pattern is a wave B (correction).

CADJPY rate online: monitor the price ...

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CADJPY

The ascending wave pattern (H2) is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an oversold condition. The level of 88.2% on Fibo is not broken, which allows to assume that the upward pattern is a wave B (correction).

CADJPY rate online: monitor the price movement in real time.

Trading recommendations:

Sell strictly on the formation of a descending wave pattern.

Stop Loss for the local maximum (79.54).

Target levels: 78.80; 77.63.

If the level of 88.2% F. (79.84) is broken, cancel the trading plan.

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USDCAD

The pair is trading below the strong support level of 1.3330 following the positive PMI from RBC released on Tuesday, which showed an increase to 52.9 points compared to the expected 47.8. A breakout of this level will allow the pair to continue decline.

Technical side ...

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USDCAD

The pair is trading below the strong support level of 1.3330 following the positive PMI from RBC released on Tuesday, which showed an increase to 52.9 points compared to the expected 47.8. A breakout of this level will allow the pair to continue decline.

Technical side:

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are in the oversold zone.

USDCAD rate online: monitor the price movement in real time.

Trading recommendations:

Expect the price to continue to fall to 1.3200.

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The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator showed an exit from the oversold zone. A breakout of 10.14 will result in the formation of an ascending pattern ...

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The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator showed an exit from the oversold zone. A breakout of 10.14 will result in the formation of an ascending pattern of 1-2-3.

Trading recommendations:

Buy above 10.14.

Stop Loss: 9.89.

Target levels: 10.38; 10.80.

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The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session against the US dollar, following the developments and economic data that is transmitted from the Australian economy and amid looking at the decisions and directions of monetary policymakers at the Reserve Bank of Australia ...

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The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session against the US dollar, following the developments and economic data that is transmitted from the Australian economy and amid looking at the decisions and directions of monetary policymakers at the Reserve Bank of Australia and on the cusp of developments and economic data expected on Tuesday by the American economy the largest economy In the world.

 

At exactly 02:26 AM GMT, the Australian dollar pair rose against the US dollar 0.01% to 0.7125 levels compared to the opening levels at 0.7124, after the pair achieved its highest level during the trading session at 0.7128, while the pair achieved the lowest at 0.7106.

 

We have followed on from the Australian economy the release of the Trade Balance Index reading, which indicated the widening of the surplus to 8.20 billion Australian dollars against 7.34 billion Australian dollars last May, without expectations that the surplus would widen to 8.80 billion Australian dollars, and this came with the reading of exports showing An increase of 1%, compared to a decline of 6% in May, and an increase in imports, 3%, compared to a decline of 4% in May.

 

To reveal the seasonally adjusted initial reading of the retail sales index, which reflected the acceleration of growth to 2.7% compared to the previous reading in May and expectations at 2.4%, and this came amid investors' anticipation of the decisions and trends of monetary policy makers at the Australian Central Bank and the Reserve Bank of Australia revealed a price statement Interest is amid expectations that the short-term benchmark interest rates will be fixed at their lowest level ever at 0.25%.

 

Otherwise, we followed yesterday Australian Prime Minister Scott Morrison announced that his government had taken a number of measures to address the crisis of a second wave of coronavirus outbreak, including introducing a new system of paid leave that provides paid leave for workers who have completed sick leave and need to remain in quarantine due to Coronavirus and that he will estimate about A $ 1,500 in pay for a two-week vacation due to SK.

 

On the other hand, investors are awaiting by the US economy, the largest industrialized country in the world, the release of the factory orders index, which may show a slowdown in the pace of growth to 5.1% compared to 8.0% in May, and this comes in conjunction with the disclosure of a statistic of consumer confidence by daily business For investors, which may reflect a contraction in contraction to 45.3 compared to 44.0 last July.

Technical analysis

  

The Australian dollar versus the US dollar continued the decline yesterday to approach the pivotal support 0.7065, and we notice that the price bounced up from there to indicate the resumption of the main bullish trend, and it needs to break 0.7170 to confirm the return to the upside channel again.

 

From here, we continue to favor the overall bullish trend with price stability above 0.7065, reminding us that our main awaited target extends to 0.7290.

 

The expected trading range for today is between 0.7065 support and 0.7200 resistance.

 

Expected trend for today: bullish.

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The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from its lowest since July 27 against the US dollar before the developments and economic data expected on Tuesday by the economies of the ...

Read more...

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from its lowest since July 27 against the US dollar before the developments and economic data expected on Tuesday by the economies of the euro area and the US economy the largest economy in the world.

 

At 05:15 am GMT, the euro pair rose against the US dollar by 0.06% to 1.1769 levels, compared to the opening levels at 1.1762, after the pair achieved its highest level during the trading session at 1.1777, while achieving the lowest at 1.1752.

 

The market is currently looking to France for the second largest economy in the euro area for the issuance of the treasury budget for the month of July, before we witness from Spain the fourth largest economy in the region the release of the change in unemployment, which may show a rise of 19.5 thousand compared to a rise of 5.1 thousand in June June, before the release of inflation data for the eurozone economies as a whole with the release of the producer price reading, which may reflect 0.6% growth versus a 0.6% contraction in May.

 

On the other hand, investors are awaiting by the US economy, the largest industrialized country in the world, the release of factory demand reading, which may show a slowdown in the pace of growth to 5.1% compared to 8.0% in May, and this comes in conjunction with the disclosure of a statistic of consumer confidence by daily business, which It may reflect a contraction of the contraction to 45.3 compared to 44.0 in July.

Technical analysis

  

The euro against the dollar trades stable above 1.1737, and gets continuous positive support from the EMA50, to continue to suggest the bullish trend on the intraday and short term, reminding us that our awaited targets start at 1.1908 and extend to 1.1995.

 

On the other hand, it should be noted that breaking 1.1737 and holding below it will press the price to make more bearish correction targeting 1.1632 levels and it may extend to 1.1546 before any new attempt to rise.

 

The expected trading range for today is between 1.1700 support and 1.1880 resistance.

 

Expected trend for today: bullish.

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