Analytic reviews

#AXP

A descending truncated pattern has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

#AXP rate online: monitor the price movement in real time.

Trading recommendations

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss: 89.50;

Target levels: 97.70.

EURGBP

The 0.8944 support level is holding back sellers. The descending H1 level pattern is currently truncated. Stochastic Oscillator signals an oversold situation, and Awesome Oscillator shows a bullish divergence.

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

Trading recommendations:

Buy when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending truncated H1 level pattern.

Stop Loss at the local minimum (0.8944).

Target levels: 0.9009; 0.9056.

The Australian dollar fell during the Asian session to witness its rebound from above to it since last June 11, while it is still in the process of its third consecutive weekly gains against the US dollar amid the scarcity of economic data by the Australian economy and on the cusp of developments and economic data expected on Friday by The American economy is the largest economy in the world.

At 02:45 am GMT, the Australian dollar versus the US dollar fell 0.34% to 0.6940 levels compared to the opening levels at 0.6964, after the pair achieved its lowest level during the trading session at 0.6935, while the pair achieved its highest at 0.6966.

We followed yesterday, Australian Prime Minister Scott Morrison announced the suspension of the extradition treaty from Hong Kong, pointing out his concern about China's enforcement of the National Security Law in Hong Kong, and stressing that his country will facilitate travel for Hong Kong citizens. In return, the Ministry of Foreign Affairs announced The Chinese also yesterday strongly rejected Australia's position on what is happening in Hong Kong, and it regrets Australia's decision to freeze the extradition treaty with Hong Kong.

On the other hand, the markets are looking for the US economy to release the PPI reading, which is a preliminary inflation indicator that may reflect the stability of growth at 0.4% during June, while the fundamental reading of the same indicator may show 0.1% growth versus 0.1% contraction, and the reading may show The annualized index of contraction shrank to 0.2% from 0.8% in the previous reading, while the substantial annual reading may reflect an acceleration of growth to 0.4% against 0.3%.

Technical analysis

The Australian dollar versus the US dollar shows negative trades since yesterday, to test the MA 50 again, while the stochastic starts providing positive signals that we expect to contribute to pushing the price to resume the bullish trend suggested in our recent reports, which aims to test the 0.7064 level as the next station.

On the other hand, it should be noted that continuing the negative pressure and breaking 0.6870 will stop the suggested rise and press the price to achieve further decline during the upcoming sessions.

The expected trading range for today is between 0.6890 support and 0.7000 resistance.

Expected trend for today: bullish.

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second consecutive session from its highest since June 11, while it is still in the process of its third consecutive weekly gains against the US dollar on the cusp of developments and economic data expected on Friday By the economies of the euro area, which includes the activities of the meetings of finance ministers of the euro area Ecovin in Brussels and on the threshold of developments and economic data expected from the US economy, the largest economy in the world.

At exactly 05:39 AM GMT, the euro against the US dollar fell 0.17% to 1.1268 levels, compared to the opening levels at 1.1285, after the pair achieved its lowest level during the trading session at 1.1268, while achieving the highest at 1.1290.

The markets are looking for France, the second largest economy in the eurozone, the release of the industrial production index, which may reflect a 15.2% increase compared to a decline of 20.1% last April, before we witness from Italy the third largest economy in the region the issuance of the same reading of the index, which may also appear An increase of 23.5% compared to a decline of 19.1% in April, and this comes in conjunction with the activities of the meetings of finance ministers of the Eurozone Eurofin via satellite.

On the other hand, the markets are currently awaiting the release of the inflation data by the US economy with the release of the producer price index, which is an initial indication of inflationary pressures that may reflect the stability of growth at 0.4% during June, while the fundamental reading of the same indicator may show 0.1% growth Against a contraction of 0.1%, and the annual reading of the index may show a contraction of 0.2% versus 0.8% in the previous reading, while a substantial annual reading may reflect accelerated growth to 0.4% versus 0.3%.

Technical analysis

The EURUSD pair faced clear negative pressure yesterday to settle now at the pivotal support 1.1270, which requires attention from the upcoming trading, as the continuation of negative pressure and breaking this level will stop the positive scenario suggested in our recent reports and push the price to incur more losses.

The stochastic is showing oversold now, to support the chances of a bounce up during the upcoming sessions, making us hold onto our bullish expectations provided stability above 1.1270, noting that our main expected target is 1.1420.

The expected trading range for today is between 1.1200 support and 1.1370 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range tilted towards the backdrop during the Asian session to witness its bounce for the third session from the top since September 19, 2011, while it is still in the process of its fifth weekly gains in a row amid the US dollar index rebound for the second consecutive session from the lowest It has been since June 11 according to the inverse relationship between them on the threshold of developments and economic data expected Friday by the US economy, the largest economy in the world.

At exactly 03:58 AM GMT, gold futures contracts for next August delivery fell 0.15% to trade at $ 1,805.70 per ounce compared to the opening at $ 1,808.40 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded trades Yesterday at $ 1,803.80 an ounce, with the US dollar index rising 0.10% to 96.86 compared to the opening at 96.76.

Markets are awaiting from the US economy the release of the Producer Price Index, which is an initial indicator of inflation, which may reflect the stability of growth at 0.4% during June, while the substantial reading of the same index may show 0.1% growth against 0.1% contraction, and the annual reading of the index may show a contraction Shrinkage to 0.2% versus 0.8% in the previous annual reading, while the substantial annual reading may reflect accelerated growth to 0.4% versus 0.3%.

Technical analysis

Gold price shows negative trades to test the barrier of 1800.00, and we notice that the stochastic indicator gains significantly positive momentum, as it reaches the outskirts of oversold areas, while the EMA50 continues to support the price from below.

Consequently, we believe that opportunities are available to resume the main bullish trend, which is organized within the bullish channels that appear in the picture, awaiting the direction towards 1825.00 then 1855.00 levels that represent our next main targets, noting that the continuation of the bullish wave requires stability above 1770.00.

The expected trading range for today is between 1790.00 support and 1830.00 resistance.

Expected trend for today: bullish.

The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce for the sixth session in eight sessions from the top since June 9 against the Japanese yen, following the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected on Friday by The American economy and in the shadows of concern about the increasing number of people infected with the virus globally.

At exactly 05:56 AM GMT, the US dollar pair fell against the Japanese yen by 0.29% to 106.90 levels compared to the opening levels at 107.21 after the pair achieved its lowest level since June 26 at 106.89, while it achieved its highest during the trading session At 107.26.

On the Japanese economy, we have followed the release of the PPI reading, which is an initial indicator of inflationary pressures, which showed a growth of 0.6% compared to a 0.4% contraction last May, outperforming the expectations that indicated a 0.4% growth, while the annual reading of the same indicator showed a contraction To 1.6%, compared to 2.8% in the prior annual reading for May, also beating expectations for a contraction of 2.0%.

On the other hand, investors are currently awaiting by the US economy the release of the PPI reading, which may reflect the stability of growth at 0.4% during June, while the fundamental reading of the same indicator may show 0.1% growth versus 0.1% contraction in May, and it may appear The annual reading of the index shrank contraction to 0.2% compared to 0.8% in the previous annual reading, while the substantial annual reading may reflect the acceleration of growth to 0.4% against 0.3%.

Technical analysis

The dollar versus yen pair shows a more bearish tendency to start testing the 107.00 barrier, which supports the continuation of our bearish trend expectations, which aims to test 106.44 level as a next station, noting that SMA 50 constitutes negative pressure to support the downside expectations.

We point out that breaching the targeted level will extend the descending wave to reach 105.20 as the next main target, while the expected decline will remain valid unless the 107.68 level is breached and stability above it.

The expected trading range for today is between 106.20 support and 107.70 resistance.

Expected trend for today: bearish.

МТС shares fell after failing to break through the resistance 340.47, to form a falling price gap under the support of 321.70, and the decline will continue to the next support 312.90. Which temporarily stopped the downward movement.

The price is moving below the moving averages which constitute resistance levels for the price.

While the stochastic is moving in a bearish mister and increases the negative pressure on the price.

The expected trading range is between 301.10 support and 340.50 resistance.

Expected trend for today: bearish.

EURUSD

The pair is balancing near 1.1260 amid falling risk appetite in financial markets and growing demand for the dollar as a safe-haven currency. If market sentiment doesn't improve, the pair will continue to decline. At the same time, a positive turn of sentiment will result in further growth.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is below the 50% level, moving horizontally. Stoch are in the oversold zone.

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

Trading recommendations:
If the price holds above 1.1260, it may rise to 1.1345. If it drops below this level, it will continue down to 1.1190.