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The resistance level of 76.08 holds back buyers. An H2 level ascending truncated patternhas formed. The formation of a bearish divergence on Awesome Oscillator indicator also indicates the weakness of the pattern.

Trading recommendations:

Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop Loss – 76.08 (more reliable for the historical level of 76.50).

Target levels – 75.20; 74.73; 73.93.

At the level of 75.55, move the stop to breakeven, since this is a price pivot zone.

The pair is trading in a short-term uptrend, above 1.1140 level. If the minutes of the ECB's December meeting published today show a lack of consensus on the prospects for a soft monetary policy of the regulator, this may push the pair to further growth.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is located above the 50% level and moves horizontally. Stoch are declining.

Trading recommendations:

If the price fixes above 1.1140, it may resume growth to 1.1200.

The pair is trading below 1.1140 in anticipation of the new US-China trade deal to be signed today. This event, as well as the ambiguous US consumer inflation data published on Tuesday, will lead to a local growth of the pair.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages suggest buying. RSI is located above the 50% level and moves horizontally. Stoch are growing.

Trading recommendations:

If the price goes above 1.1140, it will proceed further to 1.1200.

The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce for the second session from the top since May 23 against the Japanese yen, following the developments and economic data that it depended on the Japanese economy, which included the speech of the Japanese central bank governor Haruhiko Kuroda and on the cusp of developments The economic data expected on Wednesday by the US economy, which includes the speech of members of the Federal Committee for the Open Market and looking forward to the signing of both China and the United States on the first stage of the trade deal in Washington.

At 06:08 am GMT, the US dollar pair fell against the Japanese yen by 0.05% to 109.93 levels compared to the opening levels at 109.99, after achieving its lowest level during the trading session at 109.82, while achieving the highest at 110.01.

We have followed about the Japanese economy, the Bank of Japan revealed the annual reading of the M-2 bank lending index, which showed the stability of the pace of growth at 2.7% in line with expectations, little changed from what it was in the previous annual reading last November, and that came before To see Bank of Japan Governor Haruhiko Kuroda speak at the Japan Businessmen Association meeting in Tokyo.

The Governor of the Central Bank of Japan, Kuroda, just mentioned that the Bank of Japan will continue to expand its monetary base until the inflation rate in his country exceeds two percent, while expressing that the Japanese economy is expanding moderately and that the CPI is heading to about 0.5%, and this came before Disclosure of the annual preliminary reading of the machinery rate index for the past month, which reflected a decline in the decline to 33.6% compared to 37.9% in November.

On the other hand, investors are watching by the US economy to reveal the reading of the producer price index, which is an initial indicator of inflation, which may reflect 0.2% growth against stability at zero levels in November, while the fundamental reading of the same indicator may show 0.2% growth versus deflation 0.2%, in conjunction with the disclosure of industrial sector data, with the release of the New York Industrial Index reading, which may reflect a widening of 3.7 to 3.5 in December.

This comes before we witness the unveiling of the Beige Book report, the importance of which is that it is issued two weeks before the FOMC meeting, which is one of the pillars upon which the Federal Reserve monetary policy makers build their decisions and orientations to support and stimulate the American economy, knowing that the meeting The next FOMC will be held in Washington on January 28/29.

Technical analysis

The dollar versus yen pair shows slight negative trades to move around 109.90, noting that the stochastic indicator is getting rid of its negative momentum significantly, waiting for a positive stimulus that supports the chances of resuming the expected bullish direction over the intraday basis, whose next target is located at 110.50.

Therefore, the bullish trend will remain intact for the upcoming period unless we witness a clear breach of 109.33 level and stability with daily closing below it.

The expected trading range for today is between 109.33 support and 110.70 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from the lowest since January 3 this year amid the US dollar index rebound for the second session in four sessions from the highest since 26 of last December According to the inverse relationship between them on the cusp of developments and economic data expected on Wednesday by the US economy, the largest economy in the world, and looking forward to the signing of both China and the United States on the first stage of the trade deal in Washington.

At exactly 04:09 AM GMT, gold price futures for February delivery rose 0.37% to trade at $ 1,552.60 per ounce compared to the opening at $ 1,546.80 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded yesterday's trading At $ 1,544.60 an ounce, with the US dollar index down 0.02% to 97.36 compared to the opening at 97.38.

Investors are awaiting by the US economy the disclosure of the PPI reading, which is an initial inflation indicator that may reflect 0.2% growth versus stability at zero levels in November, while the core reading of the same indicator may show 0.2% growth versus 0.2% contraction, This coincided with the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect a widening of 3.7 to 3.5 in December.

This comes before we witness the talk of members of the Federal Open Market Committee, President of the Federal Reserve Bank of Patrick Harker about the normalization of monetary policy at the official forum of monetary and financial institutions in New York, and President of the Dallas Federal Reserve Bank Robert Kaplan at the Economic Club in New York, before the disclosure of The Big Book report, which is important in being published two weeks before the FOMC meeting.

Otherwise, we followed yesterday, Reuters news agency reported that the US administration is drafting rules to prevent more Chinese Huawei sales, which highlighted the continuing tensions between Washington and Beijing in conjunction with expectations that the US tariffs on Chinese goods is estimated at 360 $ 1 billion will remain in place until after the major US elections, according to Bloomberg News recently.

It is reported that Chinese Vice Premier and Chairman of the Chinese negotiating team, Liu Hei, arrived in Washington earlier this week on a visit during which the largest economists in the world will sign the first stage of the trade deal, specifically in the White House. In the same context, the American commercial representative noted Robert Lighthizer also said Monday that the Chinese translation of the text of the deal had been completed, with his expression, "We will announce it Wednesday before signing."

We would like to point out, because the US Treasury Department last Monday removed China from the currency manipulation list after it was put on the list by the ministry last August with the postponement of that matter because Beijing remained artificially weaker on the yuan, and the ministry’s semi-annual report touched To the currency that China has made "enforceable obligations" to spread exchange rate information and not to depreciate the yuan.

It is noteworthy that gold futures contracts last week ended their longest weekly gains march in six months with a decline during the previous week for the first time in six weeks, after last Wednesday ended the longest daily gains march in more than three decades after it tested a $ 1,600 per ounce barrier For the first time in seven years, in the wake of reduced concerns about geopolitical tensions in the Middle East, especially the outbreak of war between the United States and Iran.

Technical analysis

The price of gold provides more positive trading to test the pivotal resistance 1556.70, accompanied by the stochastic loss of positive momentum and its entering overbought areas, to form a negative factor that we expect to support the chances of the price rebound to resume the bearish corrective trend, whose next target is located at 1519.00.

Therefore, we will maintain our expectations for the downside for today, noting that breaching 1556.70 and holding above it will stop the expected decline and lead the price to restore the main bullish direction again.

The expected trading range for today is between 1530.00 support and 1560.00 resistance.

Expected trend for today: bearish.

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce back for the third session in four weeks from the lowest since December 26 against the US dollar on the cusp of developments and economic data expected today Wednesday by the economies of the euro area and the American economy the largest economy In the world, which includes talk of members of the Federal Open Market Committee.

At 05:16 am GMT, the euro pair rose against the US dollar by 0.04% to 1.1132 levels compared to the opening levels at 1.1128, after the pair achieved its highest level during the trading session at 1.1134, while achieving the lowest at 1.1126.

Markets are awaiting for the second largest economy in the euro area, France. The final reading of the consumer price index, which may reflect the stability of growth at 0.4%, was little changed from the previous initial reading for the month of December and compared to 0.1% growth in November, before revealing The seasonally adjusted reading of the euro zone industrial production index as a whole may reflect a 0.3% increase versus a 0.1% decline in October.

In the same context, the annual reading of the industrial production index for the euro area as a whole may reflect a decrease in decline to 1.0% compared to 2.2% in the previous annual reading for the month of October, in conjunction with the seasonally adjusted reading of the trade balance index for the economies of the euro area as a whole, which may reflect The surplus narrowed to 22.3 billion euros from 24.5 billion euros in October.

On the other hand, investors are watching by the US economy to reveal the reading of the producer price index, which is an initial indicator of inflation, which may reflect 0.2% growth against stability at zero levels in November, while the fundamental reading of the same indicator may show 0.2% growth versus deflation 0.2%, in conjunction with the disclosure of industrial sector data, with the release of the New York Industrial Index reading, which may reflect a widening of 3.7 to 3.5 in December.

This comes before we witness the unveiling of the Beige Book report, the importance of which is that it is issued two weeks before the FOMC meeting, which is one of the pillars upon which the Federal Reserve monetary policy makers build their decisions and orientations to support and stimulate the American economy, knowing that the meeting The next FOMC will be held in Washington on January 28/29.

Technical analysis

The euro against the dollar pair presented negative trades yesterday in an attempt to move away from the 1.1140 level, to keep the negative pressure in place for the coming period, supported by the moving average 50 that pushes the price down, waiting for further decline to visit the level of 1.1065, which represents our next main target.

It should be noted that breaching 1.1140 then 1.1180 levels will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 1.1060 support and 1.1200 resistance.

Expected trend for today: bearish.

The Australian dollar fluctuated in a narrow range tilted toward the decline during the Asian session, to witness its bounce for the eighth session in eleven sessions from the top since July 23 against the US dollar amid the scarcity of economic data by the Australian economy and on the cusp of developments, data and developments expected on Wednesday from Before the American economy the largest economy in the world.

At 02:35 am GMT, the Australian dollar pair fell against the US dollar by 0.09% to 0.6896 levels compared to the opening levels at 0.6902, after the pair achieved its lowest level during the trading session at 0.6891, while achieving the highest at 0.6905.

Investors are awaiting by the US economy the disclosure of the PPI reading, which is an initial inflation indicator that may reflect 0.2% growth versus stability at zero levels in November, while the core reading of the same indicator may show 0.2% growth versus 0.2% contraction, This coincided with the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect a widening of 3.7 to 3.5 in December.

This comes before we witness the talk of members of the Federal Open Market Committee, President of the Federal Reserve Bank of Patrick Harker about the normalization of monetary policy at the official forum of monetary and financial institutions in New York, and President of the Dallas Federal Reserve Bank Robert Kaplan at the Economic Club in New York, before the disclosure of The Big Book report, which is important in being published two weeks before the FOMC meeting.

Technical analysis

The Australian dollar versus the US dollar did not show any strong movement in the previous sessions, to continue fluctuating around 0.6900, and therefore, there is no change in the bullish trend scenario that depends on holding above 0.6875, while the next main target is at 0.7015.

The expected trading range for today is between 0.6870 support and 0.6950 resistance.

Expected trend for today: bullish.

Aeroflot's share price rose, exceeding the resistance level of 107.36, ending the sideways movement, after fluctuating around 103.99 for more than two weeks.

The price action has become above the 7-20-50 moving averages that have become a very strong support level as it is moving in one level.

The stochastic is giving signals for the continuation of the bullish movement, as it approaches the overbought zone

The general trend of the movement: bullish.

When buying an option against a trend, it is necessary to confirm other technical analysis tools - the presence of divergence, candlestick reversal patterns. Buy against the trend strictly on the retest level! Buying an option before publishing important economic news is considered risky.   The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

A bearish divergence was formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone. Breaking through the price pivot zone of 58.60 will result in the formation of a descending 123 pattern.

Trading recommendations:

Sell below the price pivot zone of 58.60.

Stop loss – 61.00.

Target levels – 56.94; 55.60; 53.31.