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The round intermediate level of 82.50 holds back buyers. A bearish divergence formed on Awesome Oscillator and Stochastic Oscillator. Probably, the upward movement is a wave (B) of the downward construction of the D1 level.

Trading recommendations:

Sell strictly while the descending wave pattern is forming, where the wave AU breaks through the inclined channel of the ascending pattern + (BC) = sell on the breakthrough of the minimum wave AU. Entry point on pullback B. 

Stop Loss is on the round an intermediate level of 82.50.

Target levels: 81.80 (move to breakeven); 81.50 (trap for pros); 80.80 (123.6%F. from a D1).

The overall trend is upward. The 742.0 support level holds back sellers. A descending truncated pattern of the H4 level has formed, which is probably a wave (B) of the ascending pattern of the D1 level. Bullish divergence has formed on the Awesome Oscillator, and the Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy strictly while the ascending structure is forming, where the wave (AU) breaks through the inclined channel of the descending truncated pattern of the H4 level.

Stop Loss under the support level 742.0.

The target is 798.50.

The pair consolidates in a narrow range above the level of 1.0995. Today is a short working day in US due to the continuing Thanksgiving celebration, which means low investor activity. Expect the pair’s behavior to remain sluggish, although it is likely to resume falling next week.

The price is below the middle line of Bollinger band, below SMA 5 and SMA 14. RSI is located below the level of 50% and moves horizontally. Stoch grow.

Trading recommendations:

Expect the price to continue trading flat today. The pair has the prospect of further decline after breaking the strong support level of 1.0995. In this case, the price may drop to 1.0950.

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.

The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the rebound for the second session since May 31 against the Japanese yen following the developments and economic data that followed on Thursday on the Japanese economy amid the lack of economic data on Thursday by the US economy Because of the Thanksgiving holiday in the United States.

At 06:15 am GMT, the dollar against the Japanese yen fell by 0.08% to 109.45 levels compared to the opening levels at 109.55 after the pair reached its lowest level during the session at 109.57, while the highest level at 109.33.

The Japanese economy followed the seasonally adjusted preliminary retail sales figure which showed a decline of 8.2% versus a rise of 10.0% in the previous reading for the month of September, worse than expectations for a decline of 7.1%, as the annual reading of the same index showed a decline of 7.1% against a rise 9.2% in the prior yearly reading for September, also worse than expectations for a decline of 3.8%.

Technical Analysis

USDJPY succeeded in breaching the 109.33 level and holding steady with a daily close above it, reinforcing expectations for the bullishness to continue in the intraday and short term, paving the way for visiting 110.50 as the next main stop.

The ascending channel continues to regulate the suggested bullish wave, which gets sustained support from SMA 50, noting that a break of 109.33 might put pressure on the price to test 108.40 areas again before any fresh attempt to rise.

Expected trading range for today is between 108.80 support and 110.20 resistance.

Expected trend for today: Bullish.

Gold futures fluctuated in a narrow upward range during the Asian session to see the second session rebound in three sessions from the lowest since November 12, when it tested the lowest since August 2, ignoring the positive stability of the US dollar index According to the inverse relationship between them amid the scarcity of economic data on Thursday by the US economy due to the Thanksgiving holiday in the United States and in the shadow of market pricing of the developments of the trade war between Washington and Beijing.

Gold futures for February delivery rose 0.09% to trade at $ 1,462.50 an ounce compared to the opening at $ 1,461.20 an ounce, knowing that the contracts started the trading session on a bullish gap after yesterday's trading ended At $ 1,460.80 an ounce, while the US dollar index rose 0.02% to 98.35 compared to the opening at 98.33.

We have followed President Donald Trump's signing of a bill supporting Hong Kong protesters, the White House said yesterday, despite the threat of retaliation from China, raising investor concerns about the prospects for resolving trade disputes between Washington and Beijing. To a forthcoming interim trade agreement as part of their efforts to contain the trade war between them, which has recently passed its first year.

Earlier this week, China's Ministry of Commerce reported that senior trade commissioners from Washington and Beijing held a phone call Tuesday morning to discuss how to "resolve key issues". US President Donald Trump also said Tuesday that trade talks with China on The first phase of the trade deal is nearing completion after negotiators from both sides spoke over the phone.

US National Security Adviser Robert O'Brien said Saturday that a trade agreement with China could be reached by the end of this year, and markets are now looking to see if Washington will do 15 percent tariffs on Chinese goods worth $ 160 billion by 15 December will either freeze its decision until further notice.

In another context, we followed yesterday the President of the European Council Donald Tusk expressed that US President Trump may be the biggest challenge facing the euro area, because the latter wants the collapse of the European Union, explaining that Trump welcomed the departure of Britain to the EU, and it always raises questions about the importance NATO and other alliances, he said, adding that for the first time in history, an American president opposes European unity.

In the same vein, we also followed yesterday the EU's chief negotiator, Michel Barnier, who said he would give the highest priority to negotiations on a trade agreement with the UK after Britain leaves the EU. Britain will join the union on January 31 and that they must reach a trade agreement in that period before the end of 2020.

Technical Analysis

Gold is showing some slight bullish bias after approaching our first target 1447.00 yesterday, affected by the positivity of Stochastic, and may test the resistance of the descending sub-channel shown before resuming negative attempts.

In general, we continue to favor the bearish corrective trend unless the price rushes to breach the 1489.00 level and hold above it, noting that the breach of 1447.00 will push the price to 1413.10 as the next corrective target, while the breach of 1462.00 is a positive factor that will push the price to test the pivotal resistance 1489.00 before any new attempt to decline. .

Expected trading range for today is between 1440.00 support and 1462.00 resistance.

Expected trend for today: Bearish.

Therefore, we will continue to favor the bearishness over intraday and short term basis unless the price pushes to breach the 1.1065 The single currency fluctuated in a narrow, bullish range during the Asian session, bouncing back to the second session from its lowest since November 14, when it tested the lowest since October 10 against the US dollar on the eve of developments and economic data on Thursday. By the euro-zone economies amid the lack of economic data by the US economy due to the Thanksgiving holiday in the United States.

At 05:45 AM GMT the EURUSD rose 0.07% to 1.1007 levels from the opening levels of 1.0999, the pair's lowest level during the session, while the highest at 1.1011.

Markets are currently looking ahead to the euro zone's largest economy, Germany, to release its preliminary CPI reading, which could reflect a contraction of 0.7% versus 0.1% growth in September, before we see the annual reading of the same indicator for Spain, the region's fourth largest economy, which may It shows that growth accelerated to 0.2% from 0.1% in September.

This comes before we see the release of the annual M3 money supply for the economies of the region as a whole, which may reflect a stable growth of 5.5% during August, in conjunction with the release of the annual reading of the index of private loans for the economies of the euro area as a whole, which may show the accelerated pace of growth. To 3.5% vs. 3.4% in the prior yearly reading for August.

Technical Analysis

EUR / USD is finding a strong support base at 1.0995, which represents the 61.8% Fibonacci retracement of the rise from 1.0879 to 1.1179, while SMA 50 continues to press the price negatively, leaving opportunities to continue falling in the coming period, noting that our next target It is located at 1.0950level and hold with a daily closing above it.

Expected trading range for today is between 1.0930 support and 1.1065 resistance.

Expected trend for today: Bearish.

Cisco shares continue to move below the support level of 46.89 as it moves in a sideways path.

Trades below the 61.8% Fibonacci retracement which is a key factor to initiate a bearish move below SMA 50 7--20 and stability below these averages will be a key factor to confirm the bearish move.

Stochastic has emerged from the oversold area in an uptrend, so it is possible to see an attempt from the price to test the resistance level 49.89.

General direction of movement: Sideways.

The Australian dollar fluctuated in a narrow range tilted to decline during the Asian session to witness the lowest since October 17 against the US dollar following the developments and economic data that followed on Thursday on the Australian economy and amid the lack of economic data by the US economy, the largest economy in the world because Thanksgiving holiday in the United States.

At 03:40 am GMT, the Australian dollar against the US dollar fell 0.16% to 0.6765 levels compared to the opening levels at 0.6776, after the pair reached its lowest level in six weeks at 0.6759, while the pair achieved the highest during the session at 0.6778 .

The Australian economy followed the release of the Private Capital Expenditure Index which showed that the decline shrank to 0.2% from 0.6% in the second quarter, worse than expectations that indicated stability at zero levels. Otherwise, yesterday we followed Westpac's disclosure of its forecast. The Reserve Bank of Australia cut interest rates twice during the first half of 2020, before the start of the monetary easing program during the second half.

Technical Analysis

AUDUSD is showing a slight bearish bias to gradually creep towards our first awaited target at 0.6725, keeping the bearish scenario valid for the intraday and short term;

Expected trading range for today is between 0.6720 support and 0.6800 resistance.

Expected trend for today: Bearish.

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.