Analytic reviews

#INTC

The level 56.70 holds back sellers. Awesome Oscillator shows a bullish divergence, Stochastic Oscillator indicates an oversold condition.

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

Trading recommendations:

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

Stop Loss under the support level of 56.70.

Target levels: 64.00; 67.60.

Analysis based on round-number levels, price channels and modified Elliot Waves

NZDUSD

The overall trend is upward. The descending H2 level pattern is truncated. An assumed wave (A) has broken through an inclined channel of the descending pattern. Awesome Oscillator shows a bullish divergence. If the price breaks through 0.6436, an ascending wave pattern will form as part of the overall uptrend.

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

Trading recommendations:

Buy above 0.6436.

Stop Loss: 0.6394.

Target levels: 0.6506; 0.6570.

USDCAD

The pair is attempting to break from the range of 1.3500–1.3665. If the crude oil prices resume falling and the dollar remains in demand as a safe haven currency, the pair may rise further.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above 50% and is moving horizontally. Stoch are moving down.

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

Trading recommendations:

If the pair consolidates above 1.3665, it will be likely to continue local growth to 1.3785.

МТС continues the sideways movement above the 322.47 support with the moving averages 20-7, where the sideways path remains the dominant arrow movement.

The average forms 50 support levels as it moves below the price near the support.
We note that the stochastic oscillator continues with the sideways movement and does not give any clear indication of the movement.
Thus, we will continue to favor the sideways trend provided stability above 322.50, as breaching this level is considered an important negative key that will lead the price to try to restore the downside and head towards the initially areas of 301.40.
 
The expected trading range is between 322.47 support and 340.60 resistance
 
Expected trend for today: neutral
 

The US dollar fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its bounce for the second session from the top since June 16, while it is still in the process of its first weekly gains in three weeks against the Japanese yen after the developments and economic data that were followed by the Japanese economy on the cusp of Economic developments and data expected today, Friday, by the American economy, the largest economy in the world.
 
At exactly 06:00 am GMT, the US dollar pair fell against the Japanese yen by 0.13% to 107.05 levels, which is the lowest level for the husband during the trading session, compared to the opening levels at 107.19, while the pair achieved its highest level during the trading session at 107.24.
 
On the Japanese economy, we followed the annual reading of the Tokyo CPI, which showed that growth slowed to 0.3% compared to 0.4% in May, contrary to expectations at 0.6%, while the fundamental annual reading of the same index, which excludes food, showed stable growth at 0.2% compatible With expectations, the substantial reading excluding food and energy showed growth slowed to 0.4%, in line with expectations, compared to 0.5%.
 
On the other hand, investors are currently awaiting by the US economy to disclose spending and personal income data, which may reflect a rise in personal spending 8.9% compared to a decline of 13.6% in April, while we may witness a decline in personal income to 6.0% against a rise of 10.5% in April / April, while a reading of the core personal consumption expenditures price index may show stability at zero levels versus a 0.4% decline in April.
 
To reveal the final reading of the University of Michigan's index of consumer confidence, which may show a widening of 79.1 compared to a widening of 78.9 in the first preliminary reading of the current month and a widening of 72.3 in May, with the release of consumer expectations for inflation for the month June for one and five years.

Technical analysis

  
The dollar pair against the yen approached the level of 107.68 yesterday, and begins providing negative trades to fluctuate around the EMA50, waiting to exceed the 107.05 level to facilitate the task of heading towards our first negative target expected at 106.44, where the bearish trend scenario remains valid and effective with the price stabilizing below 107.68.
 
On the other hand, it should be noted that breaching the last level will stop the expected decline and lead the price for new gains reaching 109.22.
 
The expected trading range for today is between 106.44 support and 107.80 resistance
 
Expected trend for today: bearish
 

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to reflect its bounce for the third consecutive session from the highest since October 9, 2012, when it tested the highest since November 9, 2011 amid the dollar index rebounding to the ninth session. In thirteen sessions from the lowest since the tenth of March, according to the inverse relationship between them, on the cusp of developments and economic data expected today, Friday, by the US economy, the largest economy in the world, and amid hopes for more stimulus.
 
At exactly 04:01 am GMT, gold futures contracts for next August delivery fell 0.23% to trade at $ 1,770.80 per ounce compared to the opening at $ 1,774.80 per ounce, knowing that the contracts started the session’s trading on an upward price gap after it concluded trading Yesterday at $ 1,770.60 an ounce, with the US dollar index rising 0.01% to 97.36 compared to the opening at 97.35.
 
Investors are currently awaiting by the US economy the disclosure of personal spending and income data, which may reflect a rise in personal spending 8.9% compared to a decline of 13.6% last April, while we may witness a decline in personal income to 6.0% compared to a rise in 10.5% in April, While a reading of the core personal consumption expenditures price index may show stability at zero levels versus a 0.4% decline in April.
 
Up to the disclosure of the final reading of the University of Michigan index of consumer confidence, which may show a widening of 79.1 compared to a widening of 78.9 in the first preliminary reading of the current month and a widening of 72.3 last May, with the release of consumer expectations for inflation June for one year and five years.
 
Otherwise, investors are looking at the current time for the adoption of global central banks and the governments of countries globally for further stimulus, especially after the rise in the numbers of cases infected with coronavirus recently significantly again, which threatens a second wave of the Corona pandemic, and we would like to point out, because the World Health Organization has reported Earlier this week, the coronavirus outbreak had not yet reached its peak.
 
In the same vein, we followed yesterday the Executive Director of the World Health Organization, Tedros Adhanum, stressed that the Corona outbreak is getting worse globally despite its decline in Europe, with his statement that HIV infections may reach 10 million and that the number of deaths may reach 500 thousand next week, adding that At the end of the epidemic, the world should not return to its previous state, and a new, more environmentally friendly and helping to address climate change should be established.
 
On the other hand, yesterday, we also followed the Senate’s approval of a bill to punish China for self-rule in Hong Kong, and this came in conjunction with US Secretary of State Mike Pompeo’s criticism of China’s lending policy to African countries for causing high levels of debt that countries are unable to Pay it, adding that China is the largest creditor to African governments at the moment.
 
Technical analysis

  
Gold price shows more side trading and narrow range around the level of 1765.00, and continues to move within the upward channels that appear on the above chart, where he gets a good positive support from the EMA50, waiting for the resumption of the bullish track that targets the levels of 1800.00 then 1840.00 as the next main stations.
 
Thus, the positive scenario will remain valid for the upcoming period, noting that breaking the levels of 1747.50 then 1729.00 will stop the expected rise and press the price to start a bearish correction in the intraday basis.
 
The expected trading range for today is between 1747.00 support and 1790.00 resistance
 
Expected trend for today: Overall bullish