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CADJPY 

The price pivot zone of 82.00 held back buyers. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicator signals overbought conditions. The 5 EMA crossed the 22 EMA from top to bottom, after that the price returned to the moving range.

The ascending pattern of the H2 level is truncated. The currency pair is trading in the range of 365 and 135 moving averages directed downwards. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overbought conditions.

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

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern of the H2 level.

Stop Loss for the local maximum of the H2 level pattern.

Target levels: 80.20 (a trap for pros); 79.38 (138.2% Fib. from A H8)

The US dollar fluctuated in a narrow range tilted towards a decline during the Asian session against the Japanese yen, after the economic developments and data that were followed on Monday by the Japanese economy and amid scarce economic data early this week by the US economy, the largest economy in the world, and in the wake of US President Donald Trump's signature on Corona Pandemic Relief Bill and a $ 2.3 trillion government funding package.
 
At exactly 07:02 AM GMT, the US dollar against the Japanese yen fell by 0.12% to 103.44 levels compared to the opening levels at 103.56, after the pair achieved its lowest level during the session's trading at 103.41, while it achieved its highest at 103.64. The pair started the session on a rising gap after ending last week’s trading at 103.43 levels.
 
The Japanese economy has followed up on the disclosure of the industrial sector data with the release of the preliminary reading of the industrial production index, which showed stability at zero versus 4.0% growth last October, contrary to expectations that indicated a slowdown in growth to 1.4%, while the annual reading of the index indicated The same widening decline to 3.4% compared to 3.0%, contrary to expectations that indicated a widening decline to 10.0%.
 
This coincided with the Bank of Japan's disclosure of the Opinion Summary report of its last meeting, which was held on December 17-18, in which it decided to keep interest rates negative at 0.10% amidst the assurance that additional steps will be taken for monetary easing if necessary. Today, the report stated that the Bank of Japan must once again conduct a comprehensive review of the strategy it must take in achieving its inflation target.
 
On the other hand, we have just followed the signature of US President Trump, whose term ends on January 20, next, on the new relief bill to confront the repercussions of the Corona pandemic ($ 892 billion) and the government funding package ($ 1.4 trillion) reached by Congress. Last Tuesday, after months of negotiations, lawmakers from the poles of American politics, the Republican Party and the Democratic Party.
 
The signature of the forty-fifth US President Trump on the Corona Pandemic Relief Bill and government funding worth $ 2.3 trillion comes several days after he received it from Congress and in the wake of his prior hinting to use the right to "veto" criticism against the Pandemic Relief Bill, and we would like to point out that it has The deadline to prevent nearly 14 million Americans from losing temporary supplementary unemployment benefits passed the $ 300 per week that passed Saturday.
 
With the signing of the US President Trump on the relief bill, the measures and expanded benefits for the unemployed will continue until next March, but it is expected that millions of unemployed will lose a week of those benefits that are given to them because of Trump's delay in expecting, and also by signing a package Government funding The government shutdown scenario in the United States, which was supposed to happen on Tuesday, had not been signed.

Technical analysis
 
The dollar against the yen did not show any strong movement in the past sessions, to maintain its stability below the 103.65 level, and therefore, the bearish trend scenario will remain intact as it is unchanged, relying on stability below the mentioned level, reminding you that our next main target is at 102.50.
 
The expected trading range for today is between 102.70 support and 104.00 resistance
 
The expected general trend for today: Bearish

Gold futures rose during the Asian session amid the negative stability of the US dollar index according to the reverse relationship, amid scarce economic data today, Monday by the US economy, the largest economy in the world, and in the wake of US President Donald Trump's signing of the new relief bill to counter the repercussions of the Corona pandemic and the government funding package $ 2.3 trillion after criticizing the relief bill in the past.
 
At 04:35 a.m. GMT, gold futures contracts for next February delivery rose 0.63% to trade at $ 1,898.90 per ounce compared to the opening at $ 1,887.00 an ounce, knowing that the contracts started the session on a rising price gap after the week's trading ended Past at $ 1,883.20 an ounce, with the US dollar index declining 0.11% to 90.19 compared to an opening at 90.29.
 
We have just followed up on the signing of US President Trump, whose term ends on January 20 next, on the new relief bill to confront the repercussions of the Corona pandemic ($ 892 billion) and the government funding package ($ 1.4 trillion) that the US Congress reached last Tuesday. After months of negotiations, lawmakers from the poles of US politics, the Republican Party and the Democratic Party.
 
The signature of the forty-fifth US President Trump on the Corona Pandemic Relief Bill and government funding worth $ 2.3 trillion comes several days after he received it from Congress and in the wake of his prior hinting to use the right to "veto" criticism against the Pandemic Relief Bill, and we would like to point out that it has The deadline to prevent nearly 14 million Americans from losing temporary supplementary unemployment benefits passed the $ 300 per week that passed Saturday.
 
With the signing of the US President Trump on the relief bill, the measures and expanded benefits for the unemployed will continue until next March, but it is expected that millions of unemployed will lose a week of those benefits that are given to them because of Trump's delay in expecting, and also by signing a package Government funding The government shutdown scenario in the United States, which was supposed to happen on Tuesday, had not been signed.
 
It is noteworthy that the Republican US President Trump expressed last Tuesday through his official account on Twitter that the draft relief package bill to confront the repercussions of the pandemic is a "stain," calling on Congress at the time to increase direct payments from $ 600 to $ 2,000 per person or $ 4,000 per couple, and the legislators demanded "Send an appropriate bill to me, otherwise the next administration will be forced to hand over a COVID-19 relief package."
 
This was followed by the use of US President Trump last Thursday the right to veto the draft military spending bill, as news agencies reported at the time that Trump had sent a message to Congress in which he confirmed his use of the right of veto against the defense bill, which amounts to $ 740 billion, explaining that the law contradicts the efforts it is making. His country to strengthen its position in foreign policy and national security.
 
Technical analysis

 
Gold price stabilizes around 1875.00, and continues with attempts to breach to support chances of continuing the main bullish trend, which is organized inside the ascending channel that appears in the image, supported by the SMA 50 that continues to carry the price from below.
 
Consequently, we will continue to suggest the bullish trend for the upcoming period, provided that it remains above 1862.00, noting that our next targets start at 1911.50 and extend to 1928.60.
 
The expected trading range for today is between 1862.00 support and 1895.00 resistance
 
The expected general trend for today: Bullish

#CMS

The overall trend is upward. The descending pattern of the H4 level is truncated. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator signals oversold.

Trading idea:

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

Stop Loss: 57.30.

Target levels: 60.55; 64.53; 67.90.

EURUSD

The pair, having corrected down after reaching a local high of 1.2270 a week earlier, is turning up again amid the news that Donald trump has finally launched the latest measures to support the US population adopted by Congress, which will put additional pressure on the US dollar due to the expansion of its supply in the US financial system.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50%, while showing a stop in growth. Stoch are entering the overbought zone.

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

Trading recommendations:

Fixing the price above the level of 1.220 may lead to an increase to 1.2270.

GBPSEK

The overall trend is downward. The currency pair is trading in the range of the upper limit of the descending price channel. The Long-Legged Doji reversal pattern has formed.

The pair is trading in the range of 365 and 135 moving averages on the H1 timeframe. Awesome Oscillator shows a bearish divergence. Breaking through 11.1650 will result in the formation of a descending wave pattern of the M30 level within the wave C an H4 level descending pattern.

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

Trading idea:

Sell on the breakout of 11.1650.

Stop Loss: 11.2625.

Target level: 11.0268.

EURGBP

The overall trend is upward. The round important level of 0.9000 holds back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition.

EURGBP online: monitor the price movement in real time.

Trading idea:

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

Stop Loss at the local minimum (0.9000).

Take profit 1: on the one-to-one ratio;
Take profit 2: 0.9215.

GOLD Spot

Gold is trading above the level of $ 1875.00 per 1 troy ounce on the weaker dollar and its further decline. Continued demand for company shares, as well as large-scale incentives in the US, which put pressure on the dollar, which stimulates the growth of the price of gold.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. The moving averages have crossed giving a buy signal. RSI is above the 50% level and is growing weakly. Stoch are entering the overbought zone.

GOLD Spot online: monitor the price movement in real time.

Trading recommendations:

If the price fixes above 1875.00, this may stimulate its further growth to 1900.00.

#AEP

The overall trend is upward. The stock is trading near the lower limit of the ascending price channel. The descending pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

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

Stop Loss under the local minimum of the descending truncated pattern.

Target levels: 88.26; 94.10.

Sber Bank shares are correcting the bullish path after reaching the resistance level 290.00 previously, where the price fell, breaching several support levels of 271.00, and reaching the next support level 260.00.

The price is moving below the 7-20 moving averages that form resistance levels and pressurize it to the downside, while the 50 average is still moving below the price and forming support.

The current price action takes place between the targets: the support level 250.00 and the resistance level 270.00 over the intermediate period which will be the main targets of the price action.

General direction of movement: uptrend