Analytic reviews

Google's stock continues the bullish path. As the stock was able to settle above the upper bound of the ascending channel that was trading within it, thus the bullish path of the stock will continue.

The movement continues above the 7-20-50 MAs that move in an ascending order below the price.

The stochastic oscillator is entering the overbought zone on an upward path, and this is reflected in the bullish price movement.

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 amid the scarcity of economic data by the Japanese economy due to the National Foundation Day holiday in Japan and on the cusp of developments and economic data expected on Tuesday by the American economy, which includes the launch of the activities of the semi-annual governor of Federal Reserve Jerome Powell in front of the Congress in Washington.

At exactly 05:53 AM GMT, the US dollar pair rose against the Japanese yen by 0.11% to 109.89 levels compared to the opening levels at 109.77, after the pair achieved its highest level during the trading session at 109.91, while the pair achieved its lowest at 109.74.

Investors are currently awaiting by the US economy, the largest economy in the world, the launch of the activities of the semi-annual Governor of the Federal Reserve Jerome Powell before the Congress, where it is expected that Powell will present today the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives And that is before tomorrow, Wednesday, he will give the second half of his testimony before the Senate Banking Committee.

Markets are also looking ahead by the US economy for the release of a job readability statistic and job turnover that may reflect an increase to 6.93 million compared to 6.80 million in November, before we witness the speech of FOMC members Randall Quarles about Banking Connectivity in Connecticut, and Federal Reserve Bank of Minneapolis President Neil Kashkari speaks at the Montana Town Hall event.

Technical analysis

The dollar pair against the yen begins today's trading with a slight bullish tendency in an indication of the price trend to resume the expected bullish path for the coming period, which aims to visit the 110.50 level as a first station, noting that the moving average 50 supports the expected rise, which extends its objectives to reach 111.50 after exceeding the previous level.

On the other hand, it should be noted that a break of 109.33 will stop the suggested rally and put pressure on the price to turn towards the downside.

The expected trading range for today is between 109.30 support and 110.50 resistance

Expected trend for today: bullish.

The price pivot zone 38.70 and the trend line held back buyers. A start fractal was formed below the 135 moving average. Breaking through the start fractal will result a descending 123 pattern. Stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell below 38.09.

 Stop loss: 38.70.

Target levels: 37.75 (closing the market and transfer to breakeven); 36.90.

The 1.7110 support level held back sellers. The overall trend is upward. The inclined channel of the descending pattern has been broken (A H1), and a presumed correction has been formed (B H1). The formation of an uptrend (AC + bC + cC (red)) will result the expected wave (with H1) within the overall uptrend. Also, a bullish divergence is formed on Awesome Oscillator indicator.

Trading recommendatoins:

Buy while an ascending structure is forming (on the breakout of the top (aC)).

Stop loss under the support level 1.7110.

Target levels: 1.7247; 1.7350; 1.7477.

The pair is trading above 1.0905. The pair still has the potential to continue its decline if the eurozone's economy continues to show weak economic growth, and the ECB maintains its current vague position regarding possible changes on the monetary rate.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located in the oversold zone. Stoch are also there.

Trading recommendations:

Sell the pair with a likely target of 1.0850 after its decline below 1.0905.

The euro currency fluctuated in a narrow range slanting toward a decline during the Asian session to witness its rebound from the lowest since October 8 against the dollar on the cusp of developments and economic data expected on Monday by the economies of the euro area and on the cusp of the recent members of the Federal Open Market Committee From Fed Vice Governor Michael Bowman in Florida and Philadelphia Fed President Patrick Harker at the University of Delaware, amid the scarcity of economic data earlier this week by the US economy.

At exactly 05:42 am GMT, the euro pair rose against the US dollar by 0.04% to 1.0955 levels compared to the opening levels at 1.0951, after the pair achieved its highest level during the trading session at 1.0958, while achieving the lowest in four months at 1.0943, Note that the pair started the session on an upward price gap after it concluded the trading last week at 1.0946.

The markets are currently looking by Italy, the third largest economy in the eurozone, to reveal industrial sector data with the release of the December industrial production index for December, before we witness the eurozone economies as a whole. The release of the Sentix index of consumer confidence, which shows a shrinkage of breadth to what Its value was 6.1 compared to 7.6 in the previous reading last January.

On the other hand, investors are currently awaiting what will come out of the FOMC talk, with Federal Reserve Deputy Governor Michael Bowman later in the day delivering a speech titled "Empowering Community Banks" at the American Bankers Association for Community Banks in Florida, before To see Philadelphia Fed President Patrick Harker speak about the economic outlook at the University of Delaware.

This comes hours before the launch of the activities of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress, where it is expected that Powell will deliver tomorrow, Tuesday, the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives, before he makes the day after tomorrow In the second half of his semi-annual testimony about monetary policy before the Senate Banking Committee.

Technical analysis

The EURUSD pair continues to move within the descending channel as more bearish tendency appears to gradually creep towards the next target that reaches 1.0860, to keep the downtrend scenario effective for the coming period, supported by the negative pressure that SMA 50 constitutes, noting that the breach of the mentioned level It will pressure the price to achieve further decline in the short and medium term.

On the other hand, we point out that a breach of 1.1010 might push the price for intraday gains and test 1.1110 areas before any new attempt to decline.

The expected trading range for today is between 1.0860 support and 1.1010 resistance.

Expected trend for today: bearish.

Gold price futures fluctuated in a narrow range tilted toward a decline during the Asian session to witness the resumption of its rebound from its top since January 8, when it tested the highest for it since March 22, 2013, disregarding the rebound in the US dollar index from its highest since October 11 October, according to the inverse relationship between them, following the economic developments and data that we followed today, Monday, on the Chinese economy, the largest consumer of metals globally, and amid the scarcity of economic data earlier this week by the US economy, the largest economy in the world.

At exactly 04:48 AM GMT, gold price futures for April delivery fell 0.06% to trade at $ 1,574.80 per ounce compared to the opening at $ 1,575.80 per ounce, knowing that the contracts started the trading session on an upward price gap after the week's trades were concluded Last at $ 1,573.40 an ounce, while the US dollar index fell 0.07% to 98.63 compared to the opening at 98.70.

We followed the Chinese economy to disclose inflation data with the release of the annual reading of the consumer price index, which reflected the acceleration of growth to 5.4% compared to 4.5% in December, outperforming the expectations that indicated the acceleration of growth to 4.9%, while the annual reading of the producer price index, which An initial inflationary pressure index is 0.1% growth in line with expectations, compared to a 0.5% contraction in December.

Markets are looking to reopen factories and ports in China with the exception of the Hui Province where the Coronavirus has spread, which has killed at least 900 people, most of them in Wuhan, following the lunar New Year holiday that has been extended as part of efforts to contain and combat the spread of the coronavirus that has spread in 27. State, many places of work and schools will likely remain closed and many employees will work from home.

On the other hand, investors are currently awaiting what will come out of the FOMC talk, with Federal Reserve Deputy Governor Michael Bowman later in the day delivering a speech titled "Empowering Community Banks" at the American Bankers Association for Community Banks in Florida, before To see Philadelphia Fed President Patrick Harker speak about the economic outlook at the University of Delaware.

This comes hours before the launch of the activities of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress, where it is expected that Powell will deliver tomorrow, Tuesday, the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives, before he makes the day after tomorrow In the second half of his semi-annual testimony about monetary policy before the Senate Banking Committee.

Technical analysis

Gold price succeeded in touching the first target at 1575.90 and stabilizing near it, awaiting the disposal of the negative momentum that appears through the stochastic indicator and obtaining a positive incentive enough to push the price to breach the mentioned level and then opening the way for heading towards the next target that reaches 1611.20.

SMA 50 provides positive support for the price, so we continue to suggest the bullish trend for the next period, noting that breaking 1554.10 will stop the suggested rise and press the price to make more bearish correction.

The expected trading range for today is between 1560.00 support and 1590.00 resistance

Expected trend for today: bullish.

The Australian dollar rose during the Asian session to witness its bounce for the second session from the lowest since March 18 of 2009 against the US dollar amid the scarcity of economic data today Monday by the Australian economy and its American counterpart and on the cusp of the speech of members of the Federal Open Market Committee each of the Deputy Governor Fed Michael Bowman in Florida and Philadelphia Fed President Patrick Harker at the University of Delaware.

At exactly 02:51 AM GMT, the Australian dollar pair rose against the US dollar by 0.34% to 0.6703 levels compared to the opening levels at 0.6680, after the pair achieved its highest level during the trading session at 0.6706, while the pair achieved its lowest at 0.6660, with Knowing that the pair started the trading session on a falling price gap after it concluded the trading last week at 0.6673 levels.

On the other hand, investors are currently awaiting what will come out of the FOMC’s talk every day, with Fed Vice Governor Michael Bowman delivering a speech titled “Empowering Community Banks” at the American Bankers Association for Community Banks ’Conference in Florida, leading to a keynote talk Philadelphia Fed Patrick Harker about the economic outlook at the University of Delaware.

This comes hours before the launch of the activities of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress, where it is expected that Powell will deliver tomorrow, Tuesday, the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives, before he makes the day after tomorrow In the second half of his semi-annual testimony about monetary policy before the Senate Banking Committee.

Technical analysis

The Australian dollar versus the US dollar trades steady at 0.6670, as some bullish bias is affected by the strength of this level, noting that the stochastic crosses negatively to support opportunities to resume the bearish bias during the upcoming sessions.

In general, we continue to favor the bearish trend over the intraday and short term, provided stability below 0.6754, reminding you that exceeding 0.6670 will push the price to 0.6560 as the next main station.

The expected trading range for today is between 0.6650 support and 0.6750 resistance

Expected trend for today: bearish.

The US dollar fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the second consecutive session from the top since January 22 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on the cusp of the speech of members of the Federal Open Market Committee both Deputy Governor of the Federal Reserve Michael Bowman in Florida and President of the Philadelphia Federal Reserve Patrick Harker at the University of Delaware, amid the scarcity of economic data today by the US economy, the largest economy in the world.

At exactly 06:02 am GMT, the US dollar pair fell against the Japanese yen by 0.03% to 109.77 levels compared to the opening levels at 109.80, after the pair achieved its lowest level during the trading session at 109.56, while the pair achieved its highest at 109.88, with Knowing that the pair started the trading session on an upward price gap after it concluded the trading last week at 109.75 levels.

On the Japanese economy, we have followed the release of the current account index reading, which showed the surplus narrowed to 524 billion yen compared to 1.437 billion yen in November, outperforming expectations that indicated a surplus of 465 billion yen, as seasonally adjusted reading of the same indicator showed that the surplus has shrunk to 1.715 billion yen against 1.795 billion yen, also ahead of expectations that indicated a surplus of 1,677 billion yen, and this came in conjunction with the release of the annual reading of the bank lending index, which reflected the acceleration of growth to 1.9% compared to 1.8% in December, contrary to expectations at 1.7 %.

On the other hand, investors are currently awaiting what will come out of the FOMC talk, with Federal Reserve Deputy Governor Michael Bowman later in the day delivering a speech titled "Empowering Community Banks" at the American Bankers Association for Community Banks in Florida, before To see Philadelphia Fed President Patrick Harker speak about the economic outlook at the University of Delaware.

This comes hours before the launch of the activities of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress, where it is expected that Powell will deliver tomorrow, Tuesday, the first half of his half-year testimony about monetary policy before the Financial Services Committee in the House of Representatives, before he makes the day after tomorrow In the second half of his semi-annual testimony about monetary policy before the Senate Banking Committee.

Technical analysis

The dollar yen pair has been showing sideways and narrow range trading recently, and we notice that the stochastic is beginning to provide positive signals now, waiting for the price to stimulate the resumption of the bullish bias, which aims to test the 110.50 level initially.

From here, we continue to favor the bullish trend unless 109.33 level is broken and stability below it, noting that exceeding the mentioned target will push the price to 111.50 as the next main station.

The expected trading range for today is between 109.30 support and 110.50 resistance.

Expected trend for today: bullish.

Sber Bank continues to decline and correct the bullish path, as the price managed to reach the first support level at the value of 250.46.

The price remains above 250.00 level is a prerequisite for the continuation of the bullish price movement, while breaching this level will lead the price to decline and test the level of 242.75

The price action has become below the 20-20 Moving Averts that constitute resistance levels while the Moving Average 50 remains below the price and constitutes a positive pressure factor for it.

The stochastic oscillator has left the oversold zone, but it is moving within a sideways path near this area, therefore the price will likely continue to drop to the support level of 250.00.

The general direction of the movement: bullish.