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The stock is trading flat in the upper limit range. The resistance level of 1800.0 holds back buyers. Breaking through the support level of 1784.0 will result in the formation of a descending pattern 123. Awesome Oscillator also shows a bearish divergence, and Stochastic Oscillator signals overboughtness. 

Trading recommendations:

Sell below 1784.0.

Stop Loss: 1800.00.

Target levels: 1769.0; 1747.0.

When buying an option against a trend, it is necessary to confirm other instruments of technical analysis - 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 US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen, following the developments and economic data that were followed by the Japanese economy and on the cusp of developments and economic data expected on Tuesday by the US economy, the largest economy in the world.

At exactly 05:42 am GMT, the US dollar pair rose against the Japanese yen by 0.01% to 109.41 levels compared to the opening levels at 109.40 after the pair achieved its highest during the trading session at 109.44, while achieving the lowest at 109.36.

We have followed up on the Japanese economy to disclose the minutes of the Bank of Japan meeting held on the 19th of this month, during which monetary policy makers at the Bank of Japan decided to keep interest rates negative at 0.10%, and this came before we witnessed the disclosure of the annual core reading of the CPI Which indicated that growth slowed to 0.2% compared to the previous annual reading of last October and expectations at 0.3%.

We would like to point out that the Japanese Central Bank revealed last week a monetary policy statement that reflected the Bank of Japan’s offer of more flexibility in monetary policy while providing financing facilities for exchanged funds (ETF) with the aim of improving liquidity in the market of exchange-traded funds (ETF), and in In the same vein, the statement also touched upon at the time that "the economy was in the direction of moderate expansion".

The Bank of Japan also stated at the time through the monetary policy statement that the Japanese central bank “will take additional mitigation measures if there is a greater possibility of losing momentum towards achieving the goal of price stability.” This came after the Japanese government implemented in October increasing the consumption tax to 10 % Of 8%, which may weigh on consumer spending in the third largest economy in the world.

We would like to point out, because last week the Japanese government raised its growth forecast for the next fiscal year 2020/2021, which begins with the beginning of next April, to 1.4% compared to its previous forecast last July with a growth of 1.2%, while maintaining its expectations for growth during the current fiscal year which It expires at the end of next March at 0.9%, and this comes in the wake of the Japanese government's recent approval of a $ 122 billion financial package.

The expectations of the Japanese government that came after the progress in the trade talks between Washington and Beijing that resulted in a first-stage agreement between them and the decisive victory of British Prime Minister Boris Johnson in the British parliamentary elections, which limited Britain's chances of leaving the European Union without an agreement, included that private consumption will grow 0.6% In fiscal year 2019 compared to previous expectations 0.9% due to declining consumer confidence.

On the other hand, investors are currently awaiting by the US economy the disclosure of the Richmond Industrial Index reading, which may reflect a widening of 1 value versus a contraction at 1 in the previous reading last November, and this comes amid looking to the US Treasury to reveal Its semi-annual report on economic policies and the international exchange rate.

Technical analysis

The dollar against the yen continues to fluctuate near 109.33 and maintains its stability above it, which keeps our bullish expectations effective for the coming period, as the price gets continuous positive support from the EMA50, awaiting the direction towards 110.50 which represents our next main goal, while recalling the importance of stability Above 109.33 to continue the expected rise.

The expected trading range for today is between 108.80 support and 110.00 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness the highest since November 7, disregarding the US dollar index rebound to the sixth session in eight sessions from the lowest since the beginning of July according to the reverse relationship between them on the threshold of developments The economic data expected today by the American economy, the largest economy in the world.

At exactly 03:07 AM GMT, the gold futures contracts for February delivery rose 0.19% to trade at $ 1,492.70 per ounce compared to the opening at $ 1,489.80 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded yesterday's trading At $ 1,488.70 an ounce, while the US dollar index rose 0.02% to 97.68 compared to the opening at 97.66.

Investors are currently awaiting by the US economy the disclosure of the Richmond Industrial Index reading, which may reflect an expansion of 1 value versus a contraction at 1 value in the previous reading last November, and this comes amid aspiration for the US Treasury to reveal its semi-annual report About economic policies and the international exchange rate.

Other than that, Chinese Premier Li Keqiang will host a tripartite summit with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae later today in Chengdu focusing on trade between his country and Japan and South Korea, and this comes amid expectations that the trading will be In global financial markets, weak on the eve of Christmas, before the trading pulse is absent tomorrow, Wednesday, because of the Christmas holidays.

It is noteworthy that China is the largest consumer of minerals globally and the second largest economy in the world and the second largest industrialized country globally after the United States announced at the beginning of this week that it will reduce customs duties on its imports of more than 850 products starting January 1, including some meat In addition to information technology products, starting early next July.

This follows US President Donald Trump said last Friday that he had a "very good conversation" with his Chinese counterpart Xi Jinping, on the first stage of the trade agreement reached in the middle of this month which is expected to be signed early next year. 2020, and the US President expressed last Saturday that the two countries will sign "very soon" the deal.

Technical analysis

The gold price touched the pivotal resistance level 1489.00 and maintains its stability below it until now, accompanied by the emergence of clear negative signals through the stochastic indicator, which supports the chances of a bounce down to resume the downside corrective trend, which targets 1447.00 as the first stop.

Therefore, the negative scenario will remain valid unless 1489.00 is breached and stability above it, noting that breaking 1467.00 will facilitate the price's mission by achieving the awaited target.

The expected trading range for today is between 1467.00 support and 1495.00 resistance.

Expected trend for today: bearish.

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its rebound to the fourth session in eight sessions from its highest since last August 13 against the US dollar amid the scarcity of economic data by the eurozone economies due to Christmas holidays there and on the eve of developments The economic data expected today by the American economy.

At 05:18 am GMT, the euro against the US dollar fell 0.01% to 1.1088 levels, compared to the opening levels at 1.1089, after the pair achieved its lowest level during the trading session at 1.1085, while achieving the highest at 1.1094.

Investors are currently awaiting by the US economy, the largest economy in the world, to disclose the reading of the Richmond Industrial Index, which may reflect an expansion of 1 value compared to a contraction of 1 value in the previous reading last November, and this comes amid looking to reveal the US Treasury Its semi-annual report on economic policies and the international exchange rate.

Technical analysis

Major currency pairs show quiet and narrow trading, affected by the holiday of financial markets, so that the proposed scenarios in our recent reports remain unchanged, and we recommend reviewing our previous reports to learn about the trends and expected objectives for the coming period.

The Australian dollar fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the second session from the top since December 13, when it tested its highest since July 26 against the US dollar amid the scarcity of economic data by the Australian economy due to holidays Birthdays there and on the threshold of developments and economic data expected today Tuesday by the US economy.

At exactly 02:22 am GMT, the Australian dollar pair fell against the US dollar by 0.06% to 0.6918 levels compared to the opening levels at 0.6922, after the pair achieved its lowest level during the trading session at 0.6913, while achieving the highest at 0.6930.

Investors are currently awaiting by the US economy, the largest economy in the world, to disclose the reading of the Richmond Industrial Index, which may reflect an expansion of 1 value compared to a contraction of 1 value in the previous reading last November, and this comes amid looking to reveal the US Treasury Its semi-annual report on economic policies and the international exchange rate.

Technical analysis

The Australian dollar versus the US dollar continues to rise quietly, steadily inside the bullish channel that appears in the image, and we note that the stochastic crosses positively now, to support the chances of achieving more gains during the upcoming sessions, and the path is open to achieving our main goal awaited at 0.7015, noting the importance Stability above 0.6670 to continue the suggested bullish wave.

The expected trading range for today is between 0.6860 support and 0.6970 resistance.

Expected trend for today: bullish.

The general trend is downward, as evidenced by 135 and 365 moving averages. A start fractal has formed below 135 moving average along with a signal fractal in the range of two moving averages. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator is moving from the overbought zone.

Trading recommendations:

Sell on breaking through start fractal - 0.9805.

Stop Loss over the stop fractal - 0.9831.

Target - 0.9780 (price pivot zone); 0.9716.

The pair is under pressure due to the high risk of a no-deal Brexit in January. This risk will continue to put pressure on the British currency.

The price is below the middle Bollinger, at SMA 5, but below SMA 14. RSI is on the oversold zone line. Stoch have reversed upwards.

Trading recommendations:

Sell the pair after it crosses the level of 1.2900 with its probable drop to 1.2765.

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen, following the developments and economic data that were followed by the Japanese economy and on the cusp of developments and economic data expected on Monday by the US economy, the largest economy in the world.

At exactly 05:55 AM GMT, the US dollar pair rose against the Japanese yen by 0.03% to 109.43 levels compared to the opening levels at 109.40 after the pair achieved its highest during the trading session at 109.54, while it achieved the lowest at 109.38, knowing that the pair The trading session started on a falling price gap after it concluded the trading last week at 109.44 levels.

We have followed about the Japanese economy, the third largest economy in the world and the third largest industrialized country globally after both the United States and China, the disclosure of industrial sector data with the release of the overall industrial activities index, which showed a decline of 4.3% in line with expectations against a rise of 1.9%, which was modified from 1.5% increase in the previous reading last September.

On the other hand, investors are currently awaiting by the US economy the disclosure of the Durable Goods Orders Index, which represents about half of consumer spending, which represents more than two-thirds of GDP in the United States, and that may reflect a slowdown in the pace of growth to 0.2% compared to 0.5% in October. Last October, while the substantial reading of the same indicator may show that the pace of growth accelerated to 1.5% compared to 0.5% in October.

This comes before the release of the US housing market data with the release of the New Home Sales Index, which may indicate a 1.0% decline to 730 thousand compared to a 0.7% increase at 733 thousand in the previous reading of October. Otherwise, the markets are looking to reveal the US Treasury Its semi-annual report on economic policies and the international exchange rate.

We would like to point out, because China announced at the beginning of this week that it will reduce customs duties on its imports for more than 850 products as of January 1, including some meat in addition to IT products starting early next July, and this came after Last Friday, US President Donald Trump said that he had a "very good conversation" with his Chinese counterpart Xi Jinping.

It is noteworthy that the American President noted Friday, through his tweet to him, that China had started "big" purchases of American agricultural products, adding that an arrangement is underway to sign a formal agreement regarding the so-called first stage of the trade agreement reached in the middle of this month, which is expected to It will be signed early next year 2020, and Trump said on Saturday that the two countries will sign "very soon" the deal.

Technical analysis

The dollar against the yen continues to fluctuate near 109.33 and maintains its stability above it, which keeps our bullish expectations effective for the coming period, as the price gets continuous positive support from the EMA50, awaiting the direction towards 110.50 which represents our next main goal, while recalling the importance of stability Above 109.33 to continue the expected rise.

The expected trading range for today is between 108.80 support and 110.00 resistance.

Expected trend for today: bullish.

When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buy against trend strictly on level retest! 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.