Analytic reviews

GBPCHF 

A round intermediate level of 1.2150 holds back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken through presumably by the first wave of the forming pattern 1-2-3.

Trading recommendations:

Sell while a pattern 1-2-3 is forming, below 1.2037.

Stop loss: 1.2150.

Target levels: 1.1937; 1.1715; 1.1520.

If the local maximum is updated, cancel the trading plan.

The GBPCHF rate online: monitor the movement of the pair in real time.

#KHC

Price pivot zone 28.66 holds back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A break of the support level of 27.40 will result in the formation of a downward 1-2-3 pattern.

Trading recommendations:

Sell below 27.40.

Stop loss:28.66.

Target levels: 26.43; 25.47; 24.00.

The #KHC rate online: monitor the movement of the shares in real-time.

USDCAD

The pair is turning down due to the rising crude oil prices after Wednesday’s sell-off. The positive dynamics of futures for major stock indices in Europe and the US also puts pressure on the pair. If this positive sentiment persists, while today’s US unemployment claims are fewer, expect a new decline of the pair.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but so far above SMA 14. RSI is turning down below the overbought zone. Stoch also reverse downwards in the overbought zone.

Trading recommendations:

Sell the pair after it crosses 1.4080 with a local target of 1.3865.

USDCAD rate online: monitor the movement of the pair in real-time.

The US dollar rose during the Asian session to witness its bounce for the second consecutive session from its highest since early April, when it tested the lowest since March 18 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected on Thursday By the US economy which includes the talk of Fed member and New York Fed Chairman John Williams.

At exactly 05:50 am GMT, the US dollar pair rose against the Japanese yen by 0.35% to 107.84 levels compared to the opening levels at 107.46 after the pair achieved its highest level during the trading session at 108.08, while achieving the lowest at 107.38.

Investors are currently awaiting by the American economy the release of the aid requests index for the last week on April 11, which may reflect a decline by 1,256 thousand applications to 5,350 thousand applications compared to 6,606 thousand requests in the previous weekly reading, and this comes in conjunction with the disclosure of sector data Industrial, with the release of the Philadelphia Industrial Index reading, which may reflect the widening of the deflation to 30.0 compared to 36.7 in March.

This comes before we witness the disclosure of housing market data with the release of both the beginning construction index and the building permit index, and amid expectations that the construction permits reading will reflect the widening of the decline to 10.5% to about 1,300 thousand permits compared to a 5.5% decline at 1,464 thousand permits in February / February, and the readings for homes that were built may also reflect a widening decline to 17.7% to about 1,317 thousand homes compared to a decline of 1.5% at 1,599 thousand homes in February.

Up to the talk of a member of the Federal Open Market Committee and President of the New York Federal Reserve Bank John Williams about the economic outlook at the Economic Club in New York via satellite, and that comes hours after the Federal Reserve revealed yesterday the book Big, which addressed the members of the Federal Committee for the Open Market Because the economy has a difficult path of deflation and high unemployment rates, it will continue to rise.

Other than that, the markets are looking forward to the announcement of US President Donald Trump about the "guidelines" for restarting the economy, and this comes hours after his country suspended funding for the World Health Organization with harsh criticism of the organization, and it is reported that the International Monetary Fund warned last Tuesday that the global economy may witness During this year, a contraction of 3% may reflect the worst performance of the global economy since the Great Depression of the 1930s.

Technical analysis

The decline of the dollar against the yen stopped at the 107.00 level yesterday, and shows positive positive trading with the opening of the day, to breach the level of 107.68 and settles at the 108.00 level now, which provides signals on the price trend to achieve some intraday gains during the upcoming sessions, affected by the positivity of the stochastic indicator that appears clearly Through the time frame today.

Thus, we are likely to witness further gains today, and targets start at 108.50 and extend to 109.20, noting that breaking 107.68 and holding below it will return the price to the bearish path whose next target is located at 106.44.

The expected trading range for today is between 107.20 support and 109.00 resistance.

Expected trend for today: temporarily bullish.

Gold price futures fluctuated in a narrow range that tilted towards a retreat during the Asian session to witness its bounce for the second session from its highest since October 5, 2012, when it tested the highest for it since November 9, 2011 amid the rise in the US dollar index, indicating its bounce from The lowest since March 30, according to the inverse relationship between them, on the cusp of developments and economic data expected today, Wednesday, by the US economy, the largest economy in the world.

At 04:04 AM GMT, gold futures contracts for June delivery fell 0.19% to trade at $ 1,754.80 per ounce compared to the opening at $ 1,758.10 per ounce, knowing that the contracts started the session’s trading on a falling price gap after yesterday's trading was concluded At $ 1,768.90 an ounce, with the US dollar index rising 0.10% to 98.92 compared to the opening at 98.82.

Investors are currently awaiting the US economy to reveal a retail sales reading that represents about half of consumer spending, which represents more than two-thirds of the gross domestic product of the United States, which may reflect the widening decline for the worst ever to 8.0% compared to 0.5% in February, as well as A substantial reading of the same indicator may also show the widest decline for the worst ever to 4.9% compared to 0.4% in February.

This comes in conjunction with the disclosure of industrial sector data for the largest industrial country in the world with the release of the New York Industrial Index reading, which may reflect the widening of the contraction to 35.2 compared to 21.5 in March, before the release of the Industrial Production Index, which may reflect a 4.1% decline compared to It rose 0.6% in February, while an energy utilization rate reading may show a slowdown in the pace of growth to 73.7% compared to 77.0% in February.

Markets are also looking to publish a reading of the wholesale stocks index, which may explain the decline in the decline to 0.4% compared to 0.1% in January, in conjunction with the disclosure of housing market data with the release of the housing index reading by the National Association of Home Builders, which may reflect a decline to 56 versus 72 in February, all the way to the unveiling of the Big Book, which is important because it is published two weeks before the FOMC meeting.

In another context, we have followed the World Health Organization expressed last Monday that the world has not reached the height of the Coronavirus outbreak, warning against easing restrictions on citizen movements and the possibility of a new wave of a virus outbreak, and it is reported that US President Donald Trump also tweeted Monday through his personal account on Twitter is one of those who has the power to reopen his country's economy and lift movement restrictions on citizens, not state governors in his country.

We would like to point out, because many state rulers in the United States of America have expressed their refusal to see the Republican President of the United States as authorized to reopen the economy, led by New York State Governor Andrew Como, who stated that Trump is wrong and does not have full authority over the United States, explaining that reopening America must be gradual and balanced and that the tests will determine future decisions, adding that the current tests do not allow reopening.

Technical analysis

Gold price continues to fluctuate around 1715.00 level, and it is still inside the bullish channel that appears in the picture, as it gets continuous positive support from the EMA50, while stochastic provides positive signals on the four-hour time frame.

Thus, we believe that opportunities are available to resume the main bullish trend, whose next target is at 1775.00, while achieving it requires stability above 1700.00 level.

The expected trading range for today is between 1700.00 support and 1740.00 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 the top since the beginning of April this year against the US dollar on the threshold of economic developments and data expected today Thursday by the eurozone and the US economy, which includes the talk of a member of the committee Federal Open Market and New York Fed President John Williams.

At 05:32 am GMT, the euro against the US dollar fell 0.25% to 1.0883 levels compared to the opening levels at 1.0910 after the pair achieved its lowest level during the trading session at 1.0865, while achieving the highest at 1.0911.

Markets are looking for the largest Eurozone economies to disclose inflation data with the final reading of the consumer price index, which may reflect the stability of growth at 0.1%, unchanged from the previous initial reading for the month of March, compared to 0.4% growth in February. The past, in conjunction with the release of the wholesale stock price index also for Germany, which may explain a 0.2% increase compared to a 0.9% decline in February.

This comes before we witness about the economies of the euro area as a whole revealing the seasonally adjusted reading of the industrial production index, which may reflect a 0.1% decline against a rise of 2.3% last January, while the annual reading of the same indicator may show the stability of the decline at 1.9% without change Recall what it was in the previous annual reading for January.

On the other hand, investors of the US economy are looking forward to the release of the aid claims index for the last week on April 11, which may reflect a decline by 1,256 thousand applications to 5,350 thousand applications compared to 6,606 thousand requests in the previous weekly reading, and this comes in conjunction with the disclosure of data The industrial sector, with the release of the Philadelphia Industrial Index reading, which may reflect the widening of the deflation to 30.0 compared to 36.7 in March.

This comes before we witness the disclosure of housing market data with the release of both the beginning construction index and the building permit index, and amid expectations that the construction permits reading will reflect the widening of the decline to 10.5% to about 1,300 thousand permits compared to a 5.5% decline at 1,464 thousand permits in February / February, and the readings for homes that were built may also reflect a widening decline to 17.7% to about 1,317 thousand homes compared to a decline of 1.5% at 1,599 thousand homes in February.

Up to the talk of a member of the Federal Open Market Committee and President of the New York Federal Reserve Bank John Williams about the economic outlook at the Economic Club in New York via satellite, and that comes hours after the Federal Reserve revealed yesterday the book Big, which addressed the members of the Federal Committee for the Open Market Because the economy has a difficult path of deflation and high unemployment rates, it will continue to rise.

Other than that, the markets are looking forward to the announcement of US President Donald Trump about the "guidelines" for restarting the economy, and this comes hours after his country suspended funding for the World Health Organization with harsh criticism of the organization, and it is reported that the International Monetary Fund warned last Tuesday that the global economy may witness During this year, a contraction of 3% may reflect the worst performance of the global economy since the Great Depression of the 1930s.

Technical analysis

The euro against the dollar pair is facing more negative pressure to decrease with the opening of trading today and heading towards testing the 1.0840 pivotal support, which represents one of the keys to the next direction besides the resistance 1.0966, and as we indicated in our last technical update, the price needs to overcome one of these levels to determine its next destination more accurately, Which keeps us neutral until now.

The discrepancy between Stochastic positivity and SMA 50 negativity provides another reason for neutrality, noting that breaking the mentioned support will put the price under more negative pressure to target 1.0700 then 1.0640 levels as next stations, while breaching the resistance will return the price to the bullish correctional path whose first target is at 1.1067.

The expected trading range for today is between 1.0780 support and 1.0970 resistance.

Expected trend for today: neutral.

The Australian dollar fell during the Asian session to witness its bounce to the third session from its top since last March 12 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected on Thursday by the American economy, which includes the talk of a member of the Federal Committee For the open market and New York Fed Chairman John Williams.

At exactly 02:38 AM GMT, the Australian dollar pair declined against the US dollar by 0.46% to 0.6290 levels compared to the opening levels at 0.6319, after the pair achieved its lowest level since the ninth of April at 0.6269, while achieving the highest during trading The session is at 0.6323.

On the Australian economy, we have followed the release of the Melbourne Institute reading of consumer expectations of inflation, which showed an increase to 4.6 compared to 4.0% in April, and this came before the disclosure of the unemployment rate, which showed an increase to 5.2% compared to 5.1% in February, contrary to expectations at 5.4%, in conjunction with the reading of change in employment showed an increase of about 5.9 thousand compared to a rise of 25.6 thousand in February, contrary to expectations that indicated a decline of 33.0 thousand.

We would like to point out because the Australian Bureau of Statistics warned with its disclosure of labor market data that the employment data for the last month covered only the first two weeks of March before the closing procedures to contain the outbreak of the Coronavirus, and according to the latest figures issued by the World Health Organization, the number of infected cases has increased The global coronavirus has reached nearly 1.92 million, and 123,126 people have died in 213 countries.

On the other hand, investors of the US economy are looking forward to the release of the aid claims index for the last week on April 11, which may reflect a decline by 1,256 thousand applications to 5,350 thousand applications compared to 6,606 thousand requests in the previous weekly reading, and this comes in conjunction with the disclosure of data The industrial sector, with the release of the Philadelphia Industrial Index reading, which may reflect the widening of the deflation to 30.0 compared to 36.7 in March.

This comes before we witness the disclosure of housing market data with the release of both the beginning construction index and the building permit index, and amid expectations that the construction permits reading will reflect the widening of the decline to 10.5% to about 1,300 thousand permits compared to a 5.5% decline at 1,464 thousand permits in February / February, and the readings for homes that were built may also reflect a widening decline to 17.7% to about 1,317 thousand homes compared to a decline of 1.5% at 1,599 thousand homes in February.

Up to the talk of a member of the Federal Open Market Committee and President of the New York Federal Reserve Bank John Williams about the economic outlook at the Economic Club in New York via satellite, and that comes hours after the Federal Reserve revealed yesterday the book Big, which addressed the members of the Federal Committee for the Open Market Because the economy has a difficult path of deflation and high unemployment rates, it will continue to rise.

Other than that, the markets are looking forward to US President Donald Trump's announcement of "guidelines" for restarting the economy, and this comes hours after his country suspended funding for the World Health Organization with harsh criticism of the organization, and it is reported that the International Monetary Fund warned last Tuesday that the global economy may witness During this year, a contraction of 3% may reflect the worst performance of the global economy since the Great Depression of the 1930s.

Technical analysis

The Australian dollar pair against the US dollar ended yesterday's trading below the level of 0.6407, and today begins with a further decline to break the support of the bullish corrective channel, to approach the level of 0.6236, indicating that the price is on its way to achieve further decline during the upcoming sessions.

Thus, a bearish bias will be expected for today, and breaking 0.6236 will confirm the rally towards 0.6097 as the first main station, noting that a break of 0.6315 is considered an initial positive factor that will lead the price to try to recover and test 0.6407 initially.

The expected trading range for today is between 0.6170 support and 0.6350 resistance.

Expected trend for today: bearish.

#CAT
The 129.00 resistance level is holding back the bulls. Stochastic Oscillator signals overboughtness. Breaking through the support level of 113.60 will result in the formation of a 1-2-3 descending pattern.

Trading recommendations:

Sell below 113.60.

Stop loss: 129.00.

Target: 91.00.

The #CAT shares online: monitor the movement of the shares in real-time.

USDJPY 

The overall trend is upward. The support level of 106.87 is holding back sellers. A bullish divergence forms on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. The downward H8 level pattern is truncated.

Trading recommendations:

Buy while an ascending pattern is forming, where the wave (AC) breaks through the inclined channel of the descending truncated level H8 pattern, thereby completing it.

Stop loss under the support level of 106.87.

Target levels: 109.20; 111.50.

The USDJPY rate online: monitor the movement of the pair in real-time.

USDCAD

The pair is correcting upward in anticipation of the final monetary policy decision by the Bank of Canada. It also supports the correction of crude oil prices.The pair may receive local support due to these two factors before turning down again.

Technical side:

The price is above the middle line of the Bollinger band, above SMA 5 and SMA 14. RSI crosses the line at 50% and gives a buy signal. Stoch are steadily growing up.

Trading recommendations:

Expect a local growth to 1.4080 before the pair turns down again due the resumed growth of oil prices.

USDCAD rate online: monitor the movement of the pair in real-time.