Analytic reviews

Aeroflot shares fluctuate around the resistance level 103.99 for the second week in a row as the price moves in a sideways path that tends to fall below the 38.2% Fibonacci retracement.

Price action below the 7-20-50 MAs which constitute a very strong resistance level as it is moving in one level.

The stochastic is giving bearish signals after the intersection between the two lines of the indicator, thus the resistance level will likely hold. And to see more decline.

The general trend of the movement: bearish.

Gold quotes receive support amid Iran’s retaliatory strikes on US military bases in Iraq. Trump is expected to make a statement today. If he continues to escalate the crisis in relations with Iran, this will lead to a new increase in demand for gold.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone, but it signals a possible weakening in price growth. Stoch are declining.

Trading recommendations:

Gold quotes may drop locally to the level of 1577.65. But their increase will resume if Trump’s performance is  hawkish. In this case, expect the price to rise to 1635.00

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.

The general trend is upward. Previously we bought this paper at lower levels at the very beginning of the upward movement. The stock is expected to grow in 2020.

Breaking through the resistance level 0.5632 will result in the formation of an uptrend 123 within the overall uptrend.

Trading reccomendations:

Buy above 0.5632.

Stop loss - 0.5520.

Target levels - 0.5736; 0.5900.

The overall trend is upward. The round secondary level of 0.6620 holds back sellers. A truncated H1 level pattern has formed. The weakness of the downward movement is also confirmed by bullish divergence on Awesome Oscillator indicator and oversoldness on Stochastic Oscillator indicator. Breaking through the round intermediate level 0.6650 will result in the formation of an ascending structure.

Trading recommendations:

Buy above 0.6651.

Stop loss – 0.6612.

Target levels - 0.6680 (round secondary); 0.6750 (round intermediate level + trap for pros).

When buying an option against the trend, confirmation of other technical analysis tools is mandatory - the presence of divergence, candlestick reversal patterns. Buying against the trend strictly at 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.

The currency pair is trading in the upper limit range of the descending price channel. Stochastic Oscillator indicator signals overboughtness. Breaking through the support level 1.4626 will result in the formation of a downward pattern of 123.

Trading recommendations:

Sell below 1.4626.

Stop Loss - 1.4643.

Target levels - 1.4610; 1.4596; 1.4568.

The resistance level of 148.80 holds back buyers. Two Doji patterns have formed from this level and  indicate a possible reversal. Also, Stochastic Oscillator indicator signals overboughtness. The nearest support level is 146.78.

Trading recommendations:

Sell below 146.78.

Stop Loss - 148.80.

Target levels - 144.14; 140.00.

Gold price are below a strong resistance level of 1517.50 in anticipation of signing  of the US-China phase one trade deal, which is expected to happen next week when Donald Trump and Xi Jenping meet in person.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving horizontally in the overbought zone. Stoch are above 50% and uninformative.

Trading recommendations:

Sell gold with local targets at 1500.00 and 1491.00 this week.

The US dollar fell during the Asian session to witness its lowest since December 13 against the Japanese yen amid the scarcity of economic data earlier this week by the Japanese economy and on the cusp of developments and economic data expected today Monday by the US economy, the largest economy in the world.

At exactly 05:50 am GMT, the US dollar pair fell against the Japanese yen by 0.29% to 109.13 levels compared to the opening levels at 109.45, after achieving its highest level in three weeks at 109.07, while achieving the highest during the trading session at 109.50.

Investors are currently looking for the US economy to release the merchandise trade balance index, which may explain the widening deficit to $ 69.2 billion, compared to $ 66.8 billion last October, before we witness the preliminary reading of the wholesale inventory index, which may reflect accelerated growth. To 0.2%, compared to 0.1% in October.

This comes before we witness the revelation of the reading of the Chicago PMI reading, which may reflect a contraction of deflation to 48.2 compared to 46.3 last November, up to the disclosure of housing market data with the release of existing home sales, which may show an increase of 1.5% compared to It fell 1.7% in October, while the annual reading of the same indicator may show that growth accelerated to 7.4% compared to 3.9%.

Technical analysis

The dollar versus yen pair opens today with a noticeable negativity to break 109.33 level and trying to stabilize below it, which stops the positive scenario suggested in our recent reports and puts the price under negative pressure, we expect to target the areas of 108.40 initially.

Therefore, a bearish bias will be favored for this day unless the price breaches the 109.33 level and holds above a daily closing above it.

The expected trading range for today is between 108.40 support and 109.70 resistance.

Expected trend for today: bearish.