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EURUSD (24.01.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

1.1070; 1.1100; 1.1118; 1.1172.

1.1200; 1.1172; 1.1118; 1.1100; 1.1070; 1.1040.

1-3 TF

Time of publication of important economic news

EUR – 11:30; 12:30.

GBPUSD ...

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EURUSD (24.01.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bearish

1.1070; 1.1100; 1.1118; 1.1172.

1.1200; 1.1172; 1.1118; 1.1100; 1.1070; 1.1040.

1-3 TF

Time of publication of important economic news

EUR – 11:30; 12:30.

GBPUSD (24.01.2020)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

1.2960; 1.3000; 1.3037; 1.3100; 1.3150.

1.3210; 1.3150; 1.3100; 1.3037; 1.3000.

1-3 TF

Time of publication of important economic news

GBP – 12:30.

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 fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session, to witness its bounce for the second session from the lowest since January 9 against the Japanese yen, following the developments and economic data that were reported by the Japanese economy and ...

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The fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session, to witness its bounce for the second session from the lowest since January 9 against the Japanese yen, following the developments and economic data that were reported by the Japanese economy and on the cusp of developments and economic data expected on Friday by the US economy And in the shadows of the World Economic Forum 2020 events.

At 05:55 am GMT, the US dollar pair rose against the Japanese yen by 0.04% to 109.53 levels compared to the opening levels at 109.49, after achieving its highest level during the trading session at 109.58, while achieving the lowest at 109.44.

We have followed the Japanese economy on the disclosure of inflation data with the release of the annual reading of the national consumer price index, which showed an acceleration in the pace of growth to 0.8% compared to 0.5% in the last November, surpassing expectations that indicated the acceleration of growth to 0.7%, as indicated Annual reading of the same index, excluding fresh food, accelerated growth to 0.7%, in line with expectations, compared to 0.5%.

As we watched, the annual reading of the Consumer Price Index excluding energy and fresh food showed growth accelerating to 0.9%, in line with expectations, compared to 0.8% in November, and that came before we witnessed the release of the Bank of Japan meeting minutes held on January 21. By which monetary policy makers of the Japanese central bank decided to keep interest rates negative at 0.10%.

Up to the disclosure of the initial reading of the manufacturing PMI by Markit on Japan, which showed the contraction shrank to 49.3 compared to 48.4 last December, outperforming expectations that the contraction will shrink to 48.9, and attention is now focused on the results of a conservative talk Bank of Japan Haruhiko Kuroda at a panel discussion titled "Global Economic Prospects" at the World Economic Forum Davos.

Markets are also looking for what will come out of US Treasury Secretary Stephen Manuchin's speech in the same panel discussion before we witness the disclosure of the initial reading of the Markit Manufacturing and Service PMI for the United States, which may reflect the stability of the expansion of the industrial sector at 52.4, little changed from December. , And the service sector expanded to 52.9, compared to 52.8 in December.

Technical analysis


The dollar versus yen pair tested the 109.33 level and bounced up from there, to keep the upside current and effective until now, supported by the positive signal provided by the stochastic indicator, noting that our next main target is at 110.50.

We remind that breaking 109.33 will stop the expected rise and press the price to visit the 108.40 areas before any new positive attempt.

The expected trading range for today is between 109.00 support and 110.40 resistance.

Expected trend for today: bullish.

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Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session, to witness its bounce back for the eighth session in thirteen sessions from the top since March 22, 2013, disregarding the bounce of the dollar index for the second session of its highest since last ...

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Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session, to witness its bounce back for the eighth session in thirteen sessions from the top since March 22, 2013, disregarding the bounce of the dollar index for the second session of its highest since last December 23 According to the inverse relationship between them, on the cusp of developments and economic data expected on Friday by the American economy, in the shadows of the World Economic Forum 2020 events, and on the threshold of the Lunar New Year holiday in China, which begins tomorrow, Saturday, and lasts for about a week.

At exactly 04:29 AM GMT, gold price futures for February delivery fell 0.12% to trade at $ 1,561.00 per ounce compared to the opening at $ 1,562.90 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded yesterday's trading At $ 1,565.40 an ounce, while the US dollar index fell 0.01% to 97.71 compared to the opening at 97.72.

Investors are currently looking for the results of the speech of the European Central Bank Governor Christine Lagarde and her counterpart, the Japanese Central Bank Governor Haruhiko Kuroda in addition to the US Treasury Secretary Stephen Manuchin, where they are scheduled to participate in a panel discussion entitled "Global Economic Prospects" at the Davos Economic Forum Worldwide in Switzerland.

On the other hand, markets are awaiting to reveal the initial reading of the Markit Manufacturing and Services PMI for the United States, the world's largest economy and the largest industrial country, which may reflect the stability of the expansion of the industrial sector at a value of 52.4, little changed from the previous reading of December, The service sector, which represents more than two-thirds of US gross domestic product, expanded to 52.9, compared to 52.8 in December.

Otherwise, yesterday we followed the World Health Organization’s comment on the spread of the coronavirus, which could turn into a global pandemic, which has killed at least 25 people and infected about 830 people who have died in China, as well as 14 others in other countries, that “it is too early to consider this The event is a public health emergency of international concern, "explaining that it is still a local crisis, but that comment did not end fears of the rapid spread of the deadly virus.

It is reported that the Chinese authorities recently suspended foreign flights and railway services from the city of Wuhan, where the pneumonia virus originated, as part of efforts to contain the disease that can be transmitted from person to person, and we also followed in recent hours many countries confirm their discovery of cases with the Chinese virus The killer of people who have been visiting recently in China.

In another context, we followed last Tuesday the report that touched on North Korea's threat to the United States not to disarm its nuclear weapons in the event of continued US sanctions imposed on them, as we followed then a deputy in the Iranian parliament expressed that his country would be protected from any threats if it possessed nuclear weapons. He explained that Tehran must bear in mind the production of long-range missiles, adding that this included the right to self-defense.

Technical analysis

Gold price shows a slight downward slope now affected by the stochastic negativity, while SMA 50 continues to provide positive support for the price, so opportunities remain for the expected bullish direction to continue for the next period, which aims to test 1575.90 initially.

We point out that the continuation of the ascending wave depends on stability above 1554.10, while breaching the mentioned target represents the key to the rally towards the previously recorded top at 1611.20 as the next main station.

The expected trading range for today is between 1550.00 support and 1575.00 resistance.

Expected trend for today: bullish.

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The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its rebound to the tenth session in eighteen sessions from its highest since the seventh of last August and to prepare for its fourth consecutive weekly losses against the US dollar ...

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The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its rebound to the tenth session in eighteen sessions from its highest since the seventh of last August and to prepare for its fourth consecutive weekly losses against the US dollar on the threshold of developments and economic data expected on Friday By the economies of the euro area and the US economy and in the shadows of the World Economic Forum 2020 events.

At 05:35 am GMT, the euro against the US dollar fell 0.05% to 1.1049 levels compared to the opening levels at 1.1055, after the pair achieved its lowest level during the trading session at 1.1048, while achieving the highest at 1.1058.

Currently, markets are awaiting for the French, German, and regional economies as a whole. The initial reading of the Markit index of industrial and service purchasing managers for the current month is released, which may reflect the shrinking of the services sector and the expansion of industry in France, the expansion of the service sector and the contraction of the industrial sector in Germany and the economies of the region as a whole.

This comes hours after the expiry of the press conference activities of the European Central Bank Governor Christine Lagarde and the meeting of the European Central Bank in which the monetary policy makers of the European Central Bank decided to maintain interest rates at their current zero levels and fix the marginal lending rate at 0.25% in addition to maintaining the interest rate on Deposits are negative -0.50% and proceed with the quantitative easing program at 20 billion euros per month.

Otherwise, investors are looking forward to the results of the talk of both the European Central Bank Governor Lagarde and her Japanese Central Bank Governor Haruhiko Kuroda in addition to the US Treasury Secretary Stephen Manuchin, where they are scheduled to participate in a panel discussion entitled "Global Economic Prospects" at the Davos Forum The global economist in Switzerland.

On the other hand, markets are awaiting to reveal the initial reading of the Markit Industrial and Services PMI for the United States, the world's largest economy and the largest industrial country, which may reflect the stability of the expansion of the industrial sector at a value of 52.4, little changed from the previous reading of December, The service sector, which represents more than two-thirds of US gross domestic product, expanded to 52.9 compared to 52.8 in December.

Technical analysis

The EURUSD pair confirmed the break of the upside channel support after the daily candle closed below it, to open the way for the continuation of the decline over the intraday basis, noting that our next negative target is at 1.0985.

We point out that exceeding the mentioned target will extend the descending wave to reach 1.0860, while the expected decline will remain in place unless the price is able to breach the 1.1075 level and hold above it again.

The expected trading range for today is between 1.0960 support and 1.1100 resistance.

Expected trend for today: bullish.

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The Australian dollar versus the US dollar trades stabilize near the support of the bullish channel, and the stochastic indicator continues to provide positive signals, so that the upside scenario remains valid for the coming period, waiting for the 0.6880 level to be facilitated to facilitate the task towards ...

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The Australian dollar versus the US dollar trades stabilize near the support of the bullish channel, and the stochastic indicator continues to provide positive signals, so that the upside scenario remains valid for the coming period, waiting for the 0.6880 level to be facilitated to facilitate the task towards heading towards our main expected target at 0.7015, noting the importance of stability above 0.6805 to continue the rise The proposal.

The expected trading range for today is between 0.6830 support and 0.6900 resistance.

Expected trend for today: bullish.

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The overall trend is upward. The stock is trading at the lower border of the ascending price channel. Stochastic Oscillator signals oversoldness. The 365 and 135 moving averages are directed upwards.

Trading recommendations:

Buy while an ascending pattern 123 is forming.

Stop loss  – 266.00.

Target levels: 272.0 (the ...

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The overall trend is upward. The stock is trading at the lower border of the ascending price channel. Stochastic Oscillator signals oversoldness. The 365 and 135 moving averages are directed upwards.

Trading recommendations:

Buy while an ascending pattern 123 is forming.

Stop loss  – 266.00.

Target levels: 272.0 (the average line of the ascending price channel); 275.80.

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The overall trend is upward. The pair is trading in the range of what is presumably a corrective downward price channel. The price is also in the range of the round important level of 113.00 and two moving ones (365 and 135). Stochastic Oscillator indicates oversoldness.

Trading recommendations:

Buy ...

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The overall trend is upward. The pair is trading in the range of what is presumably a corrective downward price channel. The price is also in the range of the round important level of 113.00 and two moving ones (365 and 135). Stochastic Oscillator indicates oversoldness.

Trading recommendations:

Buy while an ascending 123 pattern is forming, strictly above the round secondary level of 113.20.

Stop Loss – 112.70.

The goal is 114.20.
When the profit is equal to the stop order, move the stop to breakeven.

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The pair is trading near the 1.1050 level after unclear signals from the ECB about the beginning of a strategic change in the bank's monetary policy.

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

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The pair is trading near the 1.1050 level after unclear signals from the ECB about the beginning of a strategic change in the bank's monetary policy.

The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch indicate a weaker decline.

Trading recommendations:

If the price fixes below 1.1050, the pair will continue its decline to 1.0990.

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Cặp tiền này đang giao dịch trên mức 1.3090 với chờ đợi về quyết định cuối cùng của ECB về chính sách tiền tệ, đặc biệt là bài phát biểu của người đứng đầu Christine Lagarde, người dự kiến sẽ công bố tỷ giá tiền tệ cập nhật của ...

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Cặp tiền này đang giao dịch trên mức 1.3090 với chờ đợi về quyết định cuối cùng của ECB về chính sách tiền tệ, đặc biệt là bài phát biểu của người đứng đầu Christine Lagarde, người dự kiến sẽ công bố tỷ giá tiền tệ cập nhật của Ngân hàng.
Giá nằm ở mức của đường giữa của dải Bollinger, ở mức SMA 5 và SMA 14. RSI nằm dưới mức 50% và di chuyển theo chiều ngang. Stoch đã từ chối.


Đề xuất giao dịch:
Nếu bài phát biểu của Lagarde thể hiện sự thay đổi trong tương lai của tỷ giá hối đoái, thì có khả năng cặp tiền tăng trưởng lên 1.1165. Tuy nhiên, nếu không có gì mới được công bố, cặp tiền có thể tiếp tục giảm xuống còn 1.0990.

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Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session to witness its bounce back for the eighth session in the twelve sessions from the top since March 22, 2013 amid the positive stability of the US dollar index according to the inverse relationship between ...

Read more...

Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session to witness its bounce back for the eighth session in the twelve sessions from the top since March 22, 2013 amid the positive stability of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected on Thursday By the economies of the euro area and the US economy and in the shadows of the World Economic Forum Davos and the concern about the spread of the Coruna virus and its transformation into a pandemic.

At exactly 03:59 AM GMT, gold price futures for February delivery fell 0.07% to trade at $ 1,557.80 per ounce compared to the opening at $ 1,558.90 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded yesterday's trading At $ 1,556.70 an ounce, with the US dollar index rising 0.07% to 97.55 compared to the opening at 97.49.

Investors looked for the eurozone economies as a whole to be the outcome of the European Central Bank meeting, during which the European monetary policy frameworks are expected to be reviewed and monetary policy makers to maintain interest rates at their current zero levels and stabilize the marginal lending rate at 0.25% in addition to maintaining a rate Interest on deposits is negative -0.50% and proceed with the quantitative easing program at 20 billion euros per month.

This comes before we witness the activities of the press conference of the European Central Bank Governor Christine Lagarde, which is the second press conference of the former Director of the International Monetary Fund after she took over the position of the European Central Governor to succeed the previous Governor Mario Draghi. It is scheduled that tomorrow, Lagarde will participate in a panel discussion entitled "Outlook" World Economic Forum "in the last days of the World Economic Forum 2020 in Davos.

On the other hand, investors are currently looking for the US economy to publish the reading of the claims requests index for the week that expires on January 18, which may reflect an increase of 10 thousand requests to 214 thousand applications compared to 204 thousand requests in the previous weekly reading, while the reading of the index may clarify Subsidy applications Investors for the week that ended on the 11th of this month decreased by 17 thousand requests to 1,750 thousand requests compared to 1,750 thousand requests.

This comes before we witnessed by the largest economy in the world and the largest industrialized world in the world, the disclosure of reading the leading indicators, which may show a 0.2% decline against stability at zero levels last November, in conjunction with entering the World Economic Forum in Davos in Switzerland today. The third in a row, in which the attendees discuss the latest developments on the world stage, both politically and economically.

It is reported that US President Donald Trump noted yesterday from Davos that the Federal Reserve is harming economic growth and stock market gains, expressing that without the interest rate hike on federal funds, the Dow Jones index would rise by an additional ten thousand points, explaining that the strength of the green currency is hurting the United States’s exports and industrial activities, And adding that the US dollar should be weakened.

In the same context, he praised in Davos last Tuesday what his administration reached in terms of trade deals and economic achievements for his country, noting the trade agreements concluded with China, Mexico and Canada, with his statement that the second stage of the trade agreement between Washington and Beijing will start soon and that Tariffs exist during the second stage talks, adding that there is a good relationship with his Chinese counterpart Xi Jinping.

On the other hand, we are currently witnessing the leading Chinese stock indices for the paths of the decline in Asian stock indices, as investors are reluctant to risk amid concerns about the outbreak of the Coronavirus and its epidemic on the threshold of the Lunar New Year holiday in China, which will begin next Saturday. Chinese authorities have suspended foreign flights The rail services from Wuhan, the city where the virus originated, were part of efforts to contain the disease.

Other than that, we followed up on Tuesday the report that touched on North Korea's threat to the United States not to disarm its nuclear weapons in the event of continued US sanctions imposed on them, as we followed then a deputy in the Iranian Parliament expressed that his country would be protected from any threats if it possessed nuclear weapons, explaining that Tehran must bear in mind the production of long-range missiles capable of carrying nuclear warheads, adding that this guaranteed the right to self-defense.

Technical analysis

Gold price trading remains above 1554.10 level, and gets continuous positive support from the EMA50, while stochastic starts attempts to get rid of negative momentum.

Thus, we believe that opportunities are available to resume the expected bullish direction for the upcoming period, which initially targets 1575.90, noting that breaking 1554.10 will press the price to test the next 1536.50 level as a next negative target.

The expected trading range for today is between 1545.00 support and 1575.00 resistance.

Expected trend for today: bullish.

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