Analytic reviews

انخفض الدولار الأمريكي خلال الجلسة الآسيوية لنشهد الأدنى له منذ التاسع من تشرين الثاني/نوفمبر أمام الين الياباني عقب التطورات والبيانات الاقتصادية التي تبعنها عن الاقتصاد الياباني وعلى أعتاب التطورات والبيانات الاقتصادية المرتقبة اليوم الأربعاء من قبل الاقتصاد الأمريكي أكبر اقتصاد في العالم والتي تتضمن فعليات اجتماع اللجنة الفيدرالية للسوق المفتوح والمؤتمر الصحفي المرتقب لمحافظ بنك الاحتياطي الفيدرالي جيروم باول.

في تمام الساعة 06:53 صباحاً بتوقيت جرينتش تراجع زوج الدولار الأمريكي مقابل الين الياباني بنسبة 0.18% إلى مستويات 103.48 مقارنة بمستويات الافتتاحية عند 103.67، بعد أن حقق الزوج أدنى مستوى له في خمسة أسابيع عند 103.42، بينما حقق الأعلى له خلال تداولات الجلسة عند 103.72.

هذا وقد تابعنا عن الاقتصاد الياباني صدور قراءة مؤشر الميزان التجاري والتي أظهرت تقلص الفائض إلى 367 مليار ين مقابل 872 مليار ين في تشرين الأول/أكتوبر، بخلاف التوقعات التي أشارت لتقلص الفائض 0.53 تريليون ين، بينما أوضحت القراءة المعدلة موسمياً للمؤشر ذاته اتساع الفائض إلي 0.57 تريليون ين مقابل 0.36 تريليون ين، متفوقة على التوقعات التي أشارت لاتساع الفائض إلى 0.54 تريليون ين.

وجاء ذلك مع أظهر القراءة السنوية للصادرات اتساع التراجع إلى 4.2% مقابل 0.2%، بخلاف التوقعات بارتفاع 0.5%، بينما أوضحت القراءة السنوية للواردات تقلص التراجع إلى 11.1% مقابل 13.3%، بخلاف التوقعات بتراجع 10.5%، وجاء ذلك، قبل أن نشهد أظهر القراءة الأولية لمؤشر مدراء المشتريات الصناعي من قبل ماركيت عن اليابان تقلص الانكماش إلى 49.7 مقابل 49.0 في تشرين الثاني/نوفمبر، بخلاف التوقعات عند 48.9.

على الصعيد الأخر، يترقب المستثمرين حالباً من قبل الاقتصاد الأمريكي للكشف عن قراءة مؤشر مبيعات التجزئة التي تمثل نحو نصف الإنفاق الاستهلاكي الذي يمثل أكثر من ثلثي الناتج المحلي الإجمالي للولايات المتحدة والتي قد تعكس تراجعاً 0.3% مقابل ارتفاع 0.3% في تشرين الأول/أكتوبر، بينما قد تظهر القراءة الجوهرية للمؤشر ذاته تباطؤ النمو إلى 0.1% مقابل 0.2% في تشرين الأول/أكتوبر.

ويأتي ذلك قبل أن نشهد الكشف عن القراءة الأولية لمؤشر مدراء المشتريات الصناعي والخدمي ماركيت عن الولايات المتحدة، واللتان قد تعكسا تقلص اتساع القطاع الصناعي في أكبر دولة صناعية في العالم إلى 55.9 مقابل 56.7 في القراءة السابقة لشهر تشرين الثاني/نوفمبر، وتقلص اتساع القطاع الخدمي إلى 55.7 مقابل 58.4 في تشرين الثاني/نوفمبر.

وصولاً إلى الكشف عن بيانات سوق الإسكان مع صدور قراءة مؤشر الإسكان من قبل الرابطة الوطنية لبناة المنازل والتي قد تعكس تراجعاً إلى 88 مقابل 90 في تشرين الثاني/نوفمبر، بالتزامن مع صدور القراءة النهائية لمؤشر مخزونات الجملة والتي قد توضح تباطؤ النمو إلى 0.6% مقابل 0.7% في أيلول/سبتمبر، كما يأتي ذلك بالتزامن أيضا مع فعليات اجتماع اللجنة الفيدرالية للسوق المفتوح في واشنطن.

هذا ومن المتوقع أن يبقي صانعي السياسة النقدية لدى بنك الاحتياطي الفيدرالي على أسعار الفائدة المرجعية قصيرة الآجل عند الأدنى لها على الإطلاق ما بين الصفر و0.25% للاجتماع السادس على التوالي مع الكشف عن توقعات أعضاء اللجنة لمعدلات النمو، التضخم والبطالة بالإضافة إلى مستقبل أسعار الفائدة للأعوام الثلاثة المقبلة، وذلك قبل نصف ساعة من المؤتمر الصحفي الذي سيعقده محافظ بنك الاحتياطي الفيدرالي جيروم باول.

التحليل التقني

تمكّن زوج الدولار مقابل الين من كسر مستوى 103.65 ويستقر دونه الآن، ليتم تفعيل سيناريو الاتجاه الهابط على المدى اللحظي والقصير، ممهداً الطريق أمام تحقيق أهداف سلبية جديدة تبدأ عند 103.00 وتمتد إلى 102.50.

وبالتالي، نحن بانتظار مزيد من الانخفاض خلال الجلسات القادمة، مع الأخذ بعين الاعتبار أن الفشل بالتماسك دون 103.65 سيدفع السعر لبدء محاولات تعافي تستهدف اختبار مناطق 104.76 مبدئياً.

نطاق التداول المتوقع لهذا اليوم ما بين الدعم 102.70 والمقاومة 104.00

The US dollar fell during the Asian session, to witness its lowest level since the ninth of November against the Japanese yen, following the developments and economic data that they followed on the Japanese economy and on the cusp of economic developments and data expected today, Wednesday, by the US economy, the largest economy in the world, which includes the actions of the FOMC meeting For the open market and the upcoming press conference of Fed Governor Jerome Powell.

At exactly 06:53 am GMT, the US dollar against the Japanese yen declined by 0.18% to 103.48 levels compared to the opening levels at 103.67, after the pair achieved its lowest level in five weeks at 103.42, while it achieved its highest during the session's trading at 103.72 .

We have followed up on the Japanese economy the release of the Trade Balance Index reading, which showed a narrowing of the surplus to 367 billion yen compared to 872 billion yen in October, in contrast to expectations that indicated a 0.53 trillion yen surplus shrinking, while the seasonally adjusted reading of the same index showed an expansion of the surplus to 0.57 A trillion yen compared to 0.36 trillion yen, beating expectations that the surplus would widen to 0.54 trillion yen.

This came with the annual reading of exports showed a widening decline to 4.2% compared to 0.2%, contrary to expectations for a rise of 0.5%, while the annual reading of imports showed a contraction of the decline to 11.1% compared to 13.3%, contrary to expectations of a decline of 10.5%, and this came, before we see the reading. Preliminary manufacturing PMI by Markit for Japan narrowed the contraction to 49.7 versus 49.0 in November, missing expectations of 48.9.

On the other hand, investors are waiting for the US economy to reveal the retail sales index, which represents about half of consumer spending, which accounts for more than two-thirds of the US GDP, and which may reflect a 0.3% decline compared to a 0.3% rise in October, while The core reading of the same index may show growth slowing to 0.1%, from 0.2% in October.

This comes before we witness the unveiling of the preliminary reading of the Markit Industrial and Service Purchasing Managers Index from the United States, which may reflect the contraction of the industrial sector in the largest industrial country in the world to 55.9 compared to 56.7 in the previous reading for the month of November, and the expansion of the service sector to 55.7 in November, compared to 58.4.

Up to 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 88 from 90 in November, in conjunction with the release of the final reading of the wholesale stocks index, which may indicate slowing growth to 0.6% compared to 0.7 % In September, and this also coincides with the meeting of the Federal Open Market Committee in Washington.

It is expected that monetary policy makers at the Federal Reserve Bank will keep the short-term reference interest rates at their lowest level ever, between zero and 0.25% for the sixth consecutive meeting, while revealing the expectations of the members of the Committee for growth rates, inflation and unemployment in addition to the future interest rates. For the next three years, half an hour before Fed Governor Jerome Powell's press conference.

Technical analysis

The dollar versus yen managed to break the 103.65 level and settle below it now, to activate the bearish trend scenario in the intraday and short term, paving the way for achieving new negative targets that start at 103.00 and extend to 102.50.

Thus, we are waiting for more decline during the coming sessions, taking into account that failure to hold below 103.65 will push the price to start recovery attempts targeting 104.76 areas initially.

The expected trading range for today is between 102.70 support and 104.00 resistance

Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the third session from its lowest since the second of December amid the decline of the US dollar index to its lowest since April 23, 2018 according to the inverse relationship on the cusp of economic developments and data The expected Wednesday by the US economy, the largest economy in the world, which includes the proceedings of the Federal Open Market Committee meeting December 15-16 and the upcoming press conference of Federal Reserve Governor Jerome Powell.

At exactly 05:54 AM GMT, gold futures contracts for next February delivery rose 0.15% to trade at $ 1,860.50 an ounce, compared to the opening at $ 1,857.70 per ounce, knowing that the contracts started the session on a rising price gap after yesterday's trading was concluded At $ 1,855.30 per ounce, with the US dollar index declining 0.10% to 90.42 compared to the opening at 90.51.

Investors are awaiting the American economy to reveal a reading of the retail sales index, which represents about half of consumer spending, which accounts for more than two-thirds of the United States' GDP, and which may reflect a 0.3% decline compared to a 0.3% rise last October. The core reading of the same index slowed growth to 0.1%, from 0.2% in October.

This comes before we witness the unveiling of the preliminary reading of the Markit Industrial and Service Purchasing Managers Index from the United States, which may reflect the contraction of the industrial sector in the largest industrial country in the world to 55.9 compared to 56.7 in the previous reading of last November, and the shrinking of the service sector expansion. To 55.7 compared to 58.4 in November.

Up to 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 88 from 90 in November, in conjunction with the release of the final reading of the wholesale stocks index, which may indicate slowing growth to 0.6% compared to 0.7 % Last September, and this also coincides with the activities of the Federal Open Market Committee meeting in Washington.

It is expected that monetary policy makers at the Federal Reserve Bank will keep the short-term reference interest rates at their lowest level ever, between zero and 0.25% for the sixth consecutive meeting, while revealing the expectations of the members of the Committee for growth rates, inflation and unemployment in addition to the future interest rates. For the next three years, half an hour before Fed Governor Jerome Powell's press conference.

Technical analysis

Gold price confirmed the breach of 1850.00 after closing the daily candlestick above it, to reinforce expectations for the continuation of the bullish trend effectively during the upcoming sessions, paving the way for heading towards our next positive station, which is at 1875.00, noting that breaching this level will push the price to levels of 1920.00 - 1928.60.

Consequently, the bullish trend scenario will remain likely in the intraday and short term, noting that stability above 1820.00 is important for the continuation of the expected rise.

The expected trading range for today is between 1840.00 support and 1880.00 resistance

The expected general trend for today: Bullish

The single currency, the euro, fluctuated in a narrow range sloping upward during the Asian session to witness its stability near its high in two and a half years against the US dollar on the cusp of economic developments and data expected today, Wednesday, by the economies of the euro area and the US economy, the largest economy in the world, which includes the actions of the Federal Committee meeting For the open market 15-16 December and Eurogroup meetings.

At 06:37 AM GMT, the euro pair rose against the US dollar by 0.10% to 1.2163 levels compared to the opening levels at 1.2151, after the pair achieved its highest level during the session's trading at 1.2165, while the pair achieved its lowest level at 1.2145.

The markets are looking forward to both the French economy, the second largest economy in the eurozone, and the German economy, the largest in the region, in addition to the economies of the region as a whole, unveiling the preliminary reading of the Markit index of industrial and service purchasing managers for this month, which may reflect the shrinkage of the service sector in France and the eurozone and the widening of the contraction in Germany, the expansion of the industrial sector in France and the contraction in Germany and the region.

This comes before we witness by the economies of the region the release of the seasonally adjusted reading of the trade balance index, which may reflect a narrowing of the surplus to a value of 22.1 billion euros compared to 24.0 billion euros last September, in conjunction with the activities of the Eurogroup meetings attended by the finance ministers of the member states. In the Eurozone, Commissioner for Economic and Monetary Affairs and the European Central Governorate.

On the other hand, investors are waiting for the US economy to reveal the retail sales index, which represents about half of consumer spending, which accounts for more than two-thirds of the US GDP, and which may reflect a 0.3% decline compared to a 0.3% rise in October, while The core reading of the same index may show growth slowing to 0.1%, from 0.2% in October.

This comes before we witness the unveiling of the preliminary reading of the Markit Industrial and Service Purchasing Managers Index from the United States, which may reflect the contraction of the industrial sector in the largest industrial country in the world to 55.9 compared to 56.7 in the previous reading for the month of November, and the expansion of the service sector to 55.7 in November, compared to 58.4.

Up to 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 88 from 90 in November, in conjunction with the release of the final reading of the wholesale stocks index, which may indicate slowing growth to 0.6% compared to 0.7 % In September, and this also coincides with the meeting of the Federal Open Market Committee in Washington.

It is expected that monetary policy makers at the Federal Reserve Bank will keep the short-term reference interest rates at their lowest level ever, between zero and 0.25% for the sixth consecutive meeting, while revealing the expectations of the members of the Committee for growth rates, inflation and unemployment in addition to the future interest rates. For the next three years, half an hour before Fed Governor Jerome Powell's press conference.

Technical analysis

The euro against the dollar is showing new positive trades now, approaching the level of 1.2177, and getting continuous positive support from the 50 moving average, to support the continuation of our expectations for the bullish trend, waiting to surpass the aforementioned level to confirm the opening of the way to head towards our next target, which reaches 1.2300.

Consolidation above 1.2110 is important for the continuation of the expected rise, as breaking it will pressure the price to initially test 1.2040 areas before any new attempt to rise.

The expected trading range for today is between 1.2080 support and 1.2250 resistance

The expected general trend for today: Bullish

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement to the second session in three sessions from its highest since June 14, 2018 against the US dollar, following the developments and economic data they followed on the Australian economy and on the cusp of economic developments and data expected on Wednesday Before the US economy is the largest economy in the world, which includes the proceedings of the Federal Open Market Committee meeting December 15-16 and the upcoming press conference of Federal Reserve Governor Jerome Powell.

At exactly 03:45 am GMT, the Australian dollar against the US dollar fell 0.13% to 0.7549 levels, compared to opening levels at 0.7559, which is the highest level for the pair during the session's trading, while the pair achieved its lowest level during the session's trading at 0.7546.

We have continued to unveil the preliminary readings of the industrial and service purchasing managers ’indicators in addition to the Markit composite from Australia, and they explained the industrial sector’s expansion to 56.0 compared to 55.8 last November, and the service sector’s breadth shrinking to 57.4 compared to 55.1. To 57.0 versus 54.9, this came before we witnessed the Australian economy the release of the leading indicators reading by the Melbourne Institute, which showed an acceleration of growth to 0.5% compared to 0.3% last October.

On the other hand, investors are waiting for the US economy to reveal the retail sales index, which represents about half of consumer spending, which accounts for more than two-thirds of the US GDP, and which may reflect a 0.3% decline compared to a 0.3% rise in October, while The core reading of the same index may show growth slowing to 0.1%, from 0.2% in October.

This comes before we witness the unveiling of the preliminary reading of the Markit Industrial and Service Purchasing Managers Index from the United States, which may reflect the contraction of the industrial sector in the largest industrial country in the world to 55.9 compared to 56.7 in the previous reading for the month of November, and the expansion of the service sector to 55.7 in November, compared to 58.4.

Up to 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 88 from 90 in November, in conjunction with the release of the final reading of the wholesale stocks index, which may indicate slowing growth to 0.6% compared to 0.7 % Last September, and this also coincides with the activities of the Federal Open Market Committee meeting in Washington.

It is expected that monetary policy makers at the Federal Reserve Bank will keep the short-term reference interest rates at their lowest level ever, between zero and 0.25% for the sixth consecutive meeting, while revealing the expectations of the members of the Committee for growth rates, inflation and unemployment in addition to the future interest rates. For the next three years, half an hour before Fed Governor Jerome Powell's press conference.

Technical analysis

The Australian dollar versus the US dollar resumed its significantly positive trading yesterday after a temporary decline and approaching the 0.7500 barrier, to re-activate the main bullish trend scenario, which targets 0.7600 as a next major stop, noting that breaching this level will pave the way for more gains. In the short and medium term.

Thus, a bullish bias will be expected for today unless breaking 0.7520 level and holding below it.

The expected trading range for today is between 0.7500 support and 0.7640 resistance

The expected general trend for today: Bullish

Danaher Corporation (NYSE)

#DHR

The overall trend is upward. The multi-candlestick figure "Wedge" has formed. The stock trades in a range of 365 and 135 moving averages. The breakout of the upper border of the pattern forms an upward 1-2-3 pattern. Awesome Oscillator shows a Bullish divergence,while the moving averages of Stochastic Oscillator are intersecting, directed upwards.

Trading idea:

Buy after breaking through 224.70.

Stop Loss - 219.70.

Target levels - 227.90; 235.30; 247.30.

Featured expert at Grand Capital - Evgeny Boguraev.

GBPJPY

The currency pair is trading in the range of the upper limit of the descending price channel. The ascending H1 level pattern is truncated. Awesome Oscillator shows a Bearish divergence, while Stochastic Oscillator signals an overbought condition.

GBPJPY rate online: trade the GBPJPY currency pair.

Trading idea:

Sell on the formation of a downward wave pattern, where wave (A) breaks through the inclined channel of the ascending H1 level pattern.

Stop Loss for the local maximum of the H1 level construction (139.62).

Target levels - 138.29; 137.00.

Featured expert at Grand Capital - Evgeny Boguraev.

NZDUSD

The pair is supported by China’s growing demand for the Australian ore. Strong economic data from Australia and positive sentiment on the markets amid the weak US dollar stimulates the pair’s growth.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is growing. Stoch are down.

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

Trading recommendations:

The growth of the pair above the level of 0.7575 will lead to an increase in the price to 0.7670.

The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its rebound for the second session from its lowest since the ninth of November against the Japanese yen amidst the encouragement of economic data on the Japanese economy and on the cusp of economic developments and data expected today, Tuesday, by the US economy, the largest economy In the world, which includes the start of the meeting of the Federal Open Market Committee.

At 07:17 AM GMT, the US dollar against the Japanese yen rose by 0.05% to 104.10 levels compared to the opening levels at 104.05, after the pair achieved its highest level during the session’s trading at 104.15, while it reached its lowest level at 103.99.

We have followed up on the Bank of Japan's extension of the corporate finance program for six months as part of the efforts aimed at confronting the negative repercussions of the Corona pandemic, and this came hours after the report touched upon the fact that the Japanese government intends to approve a third additional stimulus package during the fiscal year that expires at the end of next March. 19.2 trillion yen ($ 185 billion) to support the second largest economy in Asia and the third largest in the world against the repercussions of the pandemic.

On the other hand, investors are awaiting the US economy to reveal the industrial sector data for the largest industrialized country in the world with the release of the New York Industrial Index, which may reflect the stability of the expansion at a value of 6.3 during December, in conjunction with the release of the import price index reading, which It might show a 0.3% rise versus a 0.1% decline last October.

This comes, before we witness the release of the industrial production index, which may reflect a slowdown in growth to 0.3% compared to 1.1% in October, in conjunction with the reading of the energy utilization rate index showing an increase to 73.1% against 72.8%, leading to the start of the FOMC meeting. For the open market December 15-16, during which interest rates are expected to remain at the lowest ever, between zero and 0.25%.

Markets are also looking forward to tomorrow, Wednesday, after the FOMC meeting, to reveal the committee’s expectations for growth rates, inflation and unemployment, in addition to the future interest rates for the next three years and amid market’s hopes for the Fed’s expansion in the asset purchase program, half an hour before the press conference to be held by the Reserve Bank governor. Fed Jerome Powell tomorrow to comment on the decisions of the Fed’s monetary policy makers.

Technical analysis

The dollar versus yen pair touched the sideways range support at 103.65 and rebounded significantly from there, heading towards a possible test of this range's resistance at 104.76 during the upcoming sessions, to keep the sideway range dominating the intraday trades until the price managed to surpass one of the mentioned levels.

For the expected targets of the breach, please see our previous report.

The expected trading range for today is between 103.40 support and 104.75 resistance

The expected trend for today: sideways

Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, overlooking the positive stability of the US dollar index according to the inverse relationship between them following the developments and economic data that they followed today Tuesday about the Chinese economy, the largest consumer of metals in the world and on the cusp of developments and economic data anticipated by the US economy The largest economy in the world.

Which includes the start of the meeting of the Federal Open Market Committee December 15-16, and in light of the investors' aspiration for the approval of legislators and monetary policy makers for more stimulus to face the repercussions of the pandemic, amid fears of the intensity of the outbreak of the second wave of the Corona virus in many countries, which limits optimism with the introduction of vaccines. Of the coronavirus recently.

At exactly 05:33 am GMT, gold futures contracts for next February delivery rose 0.39% to trade at $ 1,837.70 an ounce compared to the opening at $ 1,830.50 an ounce, knowing that the contracts started the session on a rising price gap after yesterday's trading was concluded At $ 1,832.10 per ounce, while the US dollar index rose 0.05%, to 90.71, compared to an opening at 90.66.

We have followed the disclosure of the National Bureau of Statistics of China on the annual reading of the retail sales index, which reflected the acceleration of growth to 5.0% compared to 4.3% in October, below expectations of 5.1%, and the annual reading of industrial production showed that growth accelerated to 7.0%, in line with expectations Against 6.9% in October, the unemployment rate reading showed a decline to 5.2%, in line with expectations, compared to 5.3% in October.

Other than that, we have followed the People's Bank of China (the Central Bank of China) pumping cash liquidity into the Chinese financial system as part of government efforts to ensure that banks in the largest economies in Asia and the second largest in the world have sufficient liquidity, by adding 950 billion yuan (145 $ Billion) in cash in the banking system for one year by facilitating medium-term lending, while interest rates on loans remain unchanged at 2.95%.

In another context, we also followed up on the Bank of Japan's extension of the corporate finance program for six months as part of the efforts aimed at confronting the negative repercussions of the Corona pandemic, and this came hours after the report that the Japanese government intends to approve a third additional stimulus package during the fiscal year that ends at the end of March / Next March, worth 19.2 trillion yen ($ 185 billion) to support the second largest economy in Asia and the third largest in the world against the repercussions of the pandemic.

On the other hand, investors are awaiting the US economy to reveal the industrial sector data for the largest industrialized country in the world, with the release of the New York Industrial Index, which may reflect the stability of the expansion at a value of 6.3 during December, coinciding with the release of the import price index reading. Which may indicate a rise of 0.3% compared to a decline of 0.1% last October.

This comes, before we witness the release of the industrial production index, which may reflect a slowdown in growth to 0.3% compared to 1.1% in October, in conjunction with the reading of the energy utilization rate index showing an increase to 73.1% against 72.8%, leading to the start of the FOMC meeting. For the open market December 15-16, during which interest rates are expected to remain at the lowest ever, between zero and 0.25%.

Markets are also looking forward to tomorrow, Wednesday, after the FOMC meeting, to reveal the committee’s expectations for growth rates, inflation and unemployment, in addition to the future interest rates for the next three years and amid market’s hopes for the Fed’s expansion in the asset purchase program, half an hour before the press conference to be held by the Reserve Bank governor. Fed Jerome Powell tomorrow to comment on the decisions of the Fed’s monetary policy makers.

Technical analysis

Gold price was unable to breach 1820.00 level, to start today with a noticeable positivity and surpass the 1833.00 level, heading towards achieving expected gains during the upcoming sessions, on its way to initially test 1850.00 level, noting that surpassing this level will extend the bullish wave to reach 1875.00 as a next station.

Thus, we expect to witness more gains today, keeping in mind that a break of 1820.00 will stop the expected rise and pressurize the price to incur losses that start at 1806.90 and extend to 1790.70.

The expected trading range for today is between 1815.00 support and 1855.00 resistance

The expected general trend for today: Bullish