Analytic reviews

#XOM

The support level 43.00 is holding back sellers. The descending pattern is truncated. Stochastic Oscillator signals an oversold condition, and Awesome Oscillator shows a bullish divergence.

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

Trading recommendations:

Buy when an ascending 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.

Stop Loss under the local minimum (43.00).

Target levels: 49.00; 54.00.

#AXP
The support level 92.70 held back sellers. A bullish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are directed upwards.
#AXP shares rate online: monitor the movement of the pair in real time.

Trading recommendations:

Buy when an ascending wave pattern is formed above 97.70.

Stop Loss under the support level of 92.70.

Target levels: 101.50; 108.00; 113.50.

The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its rebound from above since June 11 against the US dollar, following the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected today Tuesday by the American economy, the largest economy in the world.

At exactly 03:25 am GMT, the Australian dollar versus the US dollar fell 0.14% to 0.6963 levels compared to the opening levels at 0.6973, after the pair achieved its lowest level during the trading session at 0.6955, while the pair achieved its highest in four weeks at 0.6998.

On the Australian economy, we followed the disclosure of the services index reading by the Australian Industrial Group (AIG), which reflected the widening of the contraction to 31.5 compared to 31.6 last May, and this came amid the market's aspiration to the decisions and trends of monetary policymakers at the Reserve Bank of Australia The Australian Central Bank revealed its interest rate statement amid expectations that interest rates will be fixed at an all-time low of 0.25%.

On the other hand, investors are currently awaiting by the US economy the disclosure of labor market data with the release of a job reading and job turnover reading that may reflect a decrease to 4.70 million compared to 5.05 million last April, and that comes before we witness the talk of a member of the Federal Committee For Open Market and Federal Reserve Governor Randall Carls on the Financial Stability Board at the Treasury Club Food Seminar online.

This comes hours after the data showed the US labor market for the month of June last Thursday, unemployment rates fell to 11.1% compared to 13.3% in May, outperforming the expectations that indicated a decline to 12.4%, with the reading of the employment change index for sectors other than Agri created 4,800,000 jobs compared to 2,699,000 added jobs in May, beating expectations for 3,037,000.

Technical analysis

The Australian dollar versus the US dollar pair faced strong resistance at the 0.7000 barriers, to show some slight bearish tendency now, indicating that the price lacks the positive momentum that is enough to push trading to continue the rise, waiting for gathering positive momentum that contributes to the resumption of the main bullish wave.

SMA 50 continues to support the price from below, to keep our expectations for the bullish direction over the intraday and short term, targeting the 0.7064 level as a next station, while stability above 0.6860 is an important condition for the suggested continuation.

The expected trading range for today is between 0.6900 support and 0.7040 resistance.

Expected trend for today: bullish.

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its rebound to the fourth session in five sessions from the lowest since June 22, when it tested the lowest since the third of the same month against the US dollar on the threshold of developments and economic data expected today 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 0.05% to 1.1315 levels, compared to the opening levels at 1.1309, after the pair achieved its highest level during the trading session at 1.1333, while achieving the lowest at 1.1306.

Markets are looking by Germany, the euro zone’s largest economy, to disclose industrial sector data with the release of the seasonally adjusted reading of the industrial production index, which may reflect an increase of 11.0% compared to a decline of 17.9% last April, while the annual seasonally adjusted reading of the same indicator may show a contraction The decline declined to 11.1% compared to 25.3% in the previous annual reading for April.

This comes before we witnessed by France, the second-largest economy in the region, the release of the Trade Balance Index reading, which may explain the deficit narrowing to 4.5 billion euros against 5.0 billion euros in April, and before the disclosure by Italy, the third-largest economy in the region of a reading of a sales index Retail which may show a rise of 15.0% compared to a decline of 10.5% in April.

On the other hand, investors are currently awaiting by the US economy the disclosure of labor market data with the release of a job reading and job turnover reading that may reflect a decrease to 4.70 million compared to 5.05 million last April, and that comes before we witness the talk of a member of the Federal Committee For Open Market and Federal Reserve Governor Randall Carls on the Financial Stability Board at the Treasury Club Food Seminar online.

Technical analysis

The EURUSD pair confirmed the breach of the 1.1270 level after the daily candle closed above it, to activate the bullish trend scenario in the intraday and short term, paving the way towards heading towards the level of 1.1420, which represents the next positive target.

Thus, the bullish bias will be likely during the upcoming sessions supported by the EMA50, noting that a break of 1.1270 will stop the suggested rise and press the price to test 1.1175 areas initially.

The expected trading range for today is between 1.1240 support and 1.1420 resistance.

Expected trend for today: bullish.

Gazprom shares have returned to rise and tested the resistance represented by t  the lower line of the upside channel that was moving within it, in addition to the resistance level 202.25.

And that after the price has reached the support area, which is represented by the moving average 50.

The price is now moving above the 50-20 averages, which constitute the first levels of support and resistance for the price.

While we have major resistance at 202.40 and key support at 185.58.

We see that the stochastic oscillator has left the oversold zone on an upward path and is heading towards the overbought zone.

The price action will be between the support level 185.60 and the resistance level 215.80.

The general direction of movement is bullish.

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session, neglecting the positive stability. Globally, concern about a second outbreak of corona virus is spreading.

At exactly 04:13 AM GMT, gold price futures for next August delivery rose 0.05% to trade at $ 1,794.80 per ounce compared to the opening at $ 1,793.90 per ounce, knowing that the contracts started the session’s trading on an upward price gap after it concluded trading Yesterday at $ 1,793.50 an ounce, while the US dollar index rose 0.01% to 96.77 compared to the opening at 96.76.

Investors are currently awaiting by the US economy the disclosure of labor market data with the release of a job reading and job turnover reading that may reflect a decrease to 4.70 million compared to 5.05 million last April, and that comes before we witness the talk of a member of the Federal Open Market Committee and a deputy Fed Governor Randall Carls on the Financial Stability Board at the Treasury Club food symposium online.

This comes hours after the data showed the US labor market for the month of June last Thursday, unemployment rates fell to 11.1% compared to 13.3% in May, outperforming the expectations that indicated a decline to 12.4%, with the reading of the employment change index for sectors other than Agri created 4,800,000 jobs compared to 2,699,000 added jobs in May, beating expectations for 3,037,000.

In the same context, the average hourly earnings reading last week showed that the decline widened to 1.2% compared to 1.0% in May, contrary to expectations that the decline will decrease to 0.8%. This came in conjunction with the last week’s claims subsidy index also showed on June 26 at the time, declining by 55 thousand applications to 1,427 thousand applications compared to 1,482 thousand requests in the previous reading.

Technical analysis

The price of gold provided noticeable positive trading yesterday, to succeed in returning to the bullish intraday channel that appears in the picture, adding more support to the continuation of the bullish scenario scenario in the intraday and short term, awaiting further gains to visit the levels of 1800.00 then 1850.00 that represent our next positive goals.

SMA 50 continues to support the bullish wave, as it carries the price from below, noting that the continuation of the expected rise requires stability above 1770.00 and most importantly above 1756.00.

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

Expected trend for today: bullish.

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen, following the developments and economic data that were followed by the Japanese economy and on the cusp of developments and economic data expected on Tuesday by the US economy, the largest economy in the world.

At 05:54 am GMT, the US dollar pair rose against the Japanese yen by 0.13% to 107.49 levels compared to the opening levels at 107.35 after the pair achieved its highest level during the trading session at 107.50, while achieving the lowest at 107.25.

We have followed on from the Japanese economy the release of the annual reading of the household spending index, which showed that the decline widened to 16.2% compared to 11.1% last April, worse than the expectations that indicated the expansion of the decline to 11.8%, and this came before we witnessed the disclosure of the initial reading of the leading indicators That showed an increase to 79.3 versus 77.7 in April, below expectations for a rise to 79.5.

In another context, we followed earlier this week, according to Japanese Economy Minister Yasutoshi Nishimura that the Japanese government agreed with experts that it was not possible to lift more restrictions imposed on Asia’s second largest economy and the third largest economy in the world to contain the outbreak of the Corona virus by July 10 / This July, clarifying that this decision will be adopted taking into account the comprehensive steps to prevent the spread of coronavirus in his country.

On the other hand, investors are currently awaiting by the US economy the disclosure of labor market data with the release of a job reading and job turnover reading that may reflect a decrease to 4.70 million compared to 5.05 million last April, and that comes before we witness the talk of a member of the Federal Committee For Open Market and Federal Reserve Governor Randall Carls on the Financial Stability Board at the Treasury Club Food Seminar online.

Technical analysis

The dollar against the yen trades bounced lower yesterday after testing the 107.68 level, reinforcing the expectations of the continuation of the expected bearish trend scenario over the intraday basis, awaiting the visit of the 106.44 level, which represents our next negative target.

Moving below SMA 50 supports the expected decline, keeping in mind that breaching 107.68 will stop the negative scenario and push the price to recover and head towards 109.22 areas in the near term.

The expected trading range for today is between 106.60 support and 108.00 resistance.

Expected trend for today: bearish.