Analytic reviews

USDCAD

The pair is trading at the upper end of the broad range of 1.3280–1.3385. It may continue falling to its lower edge after the start of trading in North America against the background of the sensitively growing crude oil prices.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the level of 50%. Stoch are moving down.

Trading recommendations:

Sell the pair after it goes below 1.3355 with a likely drop to 1.3280.

Sberbank was trading under resistance 238.53 after reaching 247.50.

Sberbank continues to move within a bullish path under the influence of the 7-20-50 moving averages.

Where the averages move below the price and form support levels for the price.

The stochastic reached the oversold area and came out of it on a bullish path, signaling a possible test of the 247.20 resistance level again.

The expected movement between 228.00 support and 258.40 resistance.

General trend of the movement: upward.

The US dollar fluctuated in a narrow bullish range during the Asian session against the Japanese Yen amid a lack of economic data earlier this week by the Japanese economy, the third largest economy in the world and on the brink of developments and economic data expected Monday by the US economy, the largest economy in the world.

At 05:54 GMT, the USDJPY rose 0.01% to 111.94 compared to the opening levels at 111.93, after reaching the highest level at 111.99, while the lowest at 111.85.

Investors are currently waiting for the US economy to release housing data as the Existing Home Sales Index, which may reflect a decline of 3.7% to 5.31 million, versus 11.8% at 5.51 million homes in February. Initial US GDP reading for the first quarter by the end of this week.

Technical analysis:

The USDJPY pair is not trading in the greenback due to the Easter holiday as the USDJPY pair has been trading sideways and narrowly recently, maintaining its stability below 112.12, noting that Stochastic is in a four-hour time frame, Should push the pair to resume the expected bearish trend for the coming period, targeting 111.44 then 110.86.

Keep in mind that a breach of 112.12 will halt the expected decline and push the price to resume the bullish trend in the short term.

The trading range for today is among the key support at 111.10 and resistance at 112.60.

The general trend for today is bearish.

Gold futures rose during the Asian session to see their rebound for the second straight session since December 27 amid the negative stability of the dollar index according to the inverse relationship between them on the eve of developments and economic data expected on Monday by the US economy the largest economy The world and with most of the global financial markets absent because of the Easter holiday.

Gold futures for June delivery rose 0.20% to currently trade at $ 1,280.40 an ounce, showing a four-month low from the opening at $ 1,278.00 an ounce, amid a drop in the US dollar index 0.01% to 97.37 compared to the opening at 97.38.

Investors are currently waiting for the US economy to release housing data as the Existing Home Sales Index, which may reflect a decline of 3.7% to 5.31 million, versus 11.8% at 5.51 million homes in February. Initial US GDP reading for the first quarter by the end of this week.

Technical analysis:

The price of gold is showing positive trading now to retest the previously broken neckline of the triple top pattern shown in the picture, which represents an important resistance at 1282.00. As we mentioned in our recent reports, the price needs to remain below this level to keep the bearish scenario intact for the coming period. Price to visit level 1302.60 as a first positive target.

Stochastic is entering overbought areas now, while SMA 50 is a continuous negative pressure against the price. Therefore, we believe that opportunities are available to resume negative trading during the coming sessions, targeting 1253.20 as a corrective correction.

The trading range for today is among the support at 1260.00 and resistance at 1290.00.

The general trend for today is bearish.

The single currency of the European Union region fluctuated in a narrowly bearish range during the Asian session against the US dollar amid a lack of economic data from the Eurozone economies as it was absent due to the Easter holiday in most of the world countries and on the eve of economic developments and data expected Monday by the US economy The world's largest economy.

At 04:35 GMT, the EURUSD fell 0.06% to 1.1238, compared with the opening at 1.1244, after reaching a low of 1.1236, while reaching a high of 1.1250.

Investors are currently waiting for the US economy to release housing data as the Existing Home Sales Index, which may reflect a decline of 3.7% to 5.31 million, versus 11.8% at 5.51 million homes in February. Initial US GDP reading for the first quarter by the end of this week.

Technical analysis:

The major currency pairs are fluctuating on narrow tracks affected by the financial markets holiday, keeping the suggested scenarios in our last Friday's reports intact.

EUR/USD traded below 1.1243 after negative pressure. SMA 50 formed a strong resistance to the price, which may push the price to test the pivotal support at 1.1180, but we note that Stochastic is shedding its positive momentum in a signal to obtain a positive factor May push the price to recover again.

Therefore, we prefer to stop on the neutral until we get a clearer signal for the next direction, which we will get through breaking support 1.1180 or break resistance 1.1243, noting that the breach of this resistance will reactivate the scenario of the temporary upward trend targeting 1.1350 and 1.1443 mainly, while breaking the support will press the price to continue the bearish trend in the short and medium term, to turn towards 1.1100 as a next negative station.

The trading range for today is among the key support at 1.1160 and resistance at 1.1330.

The Australian dollar fluctuated in a tight range slipping towards the Asian session to see its fourth session rebound since February 21 against the US dollar amid tight economic data by the Australian economy as it is absent due to the Easter holiday in most global countries and on the brink of developments And economic data expected Monday by the US economy, the largest economy in the world.

At 02:28 GMT, the AUDUSD fell 0.17% to 0.7140 compared to the opening levels of 0.7149, after recording a low of 0.7139 and a high of 0.7139.

Investors are currently waiting for the US economy to release housing data as the Existing Home Sales Index, which may reflect a decline of 3.7% to 5.31 million, versus 11.8% at 5.51 million homes in February. Initial US GDP reading for the first quarter by the end of this week.

Technical analysis:

There is no change in the Australian dollar against the US dollar due to the Easter holiday as the movement continues below the SMA 50 now, and the price remains within the bullish intraday channel that appears in the picture, noting that exceeding the current barrier may push the price to test the channel support at 0.7090 before Go back up again.

Overall, we continue to push the overall bullish trend unless the level of 0.7090 and the most important 0.7044 are broken below it, with the next target at 0.7250.

The trading range for today is expected among the support at 0.7090 and resistance at 0.7220.

The general trend for today is bullish.

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session against the US dollar amid a lack of economic data from the Euro-zone economies, absent from the Good Friday holiday in most of the world's countries and on the eve of economic developments and data expected Friday by the US economy The world's largest economy.

At 04:10 GMT, the EURUSD rose 0.06% to levels of 1.1237 compared to the opening at 1.1231, after reaching the highest level at 1.1242, while reaching a low of 1.1229.

Investors are currently waiting for the US economy to release housing market data with the Housing Starts and Building Permits reading, which may be up in March as building permits are expected to show a 0.7% rise to 1,300,000 versus a decline 1.6% to 1,296 thousand, and construction starts up 5.9% to 1,230,000 versus 8.7% at 1,162 homes.

Technical analysis:

EUR / USD traded below 1.1243 after yesterday's negative pressure, where the SMA 50 formed a strong resistance to the price, which might push the price to test the pivotal support 1.1180, but we note that Stochastic is shedding its positive momentum in the signal for a factor Positive may push the price to recover again.

Therefore, we prefer to stop on the neutral until we get a clearer signal for the next direction, which we will get through breaking support 1.1180 or break resistance 1.1243, noting that the breach of this resistance will reactivate the scenario of the temporary upward trend targeting 1.1350 and 1.1443 mainly , While breaking the support will press the price to continue the bearish trend in the short and medium term, to turn towards 1.1100 as a next negative station.

The trading range for today is among the key support at 1.1160 and resistance at 1.1330

The expected general trend for today: neutral

Gold futures fluctuated in a narrowly bullish range during the Asian session, in the process of ending their longest daily losing streak since October 2016, showing a dip since December 27 amid the negative stability of the dollar index according to the inverse relationship between them On the eve of developments and economic data expected on Friday by the US economy, the largest economy in the world and amid the absence of most of the global financial markets because of the holiday on Good Friday.

Gold futures for June delivery rose 0.13% to currently trade at $ 1,277.90 an ounce, reversing a four-month low against the opening at $ 1,276.20 per ounce, amid a decline in the US $ 0.01 index. % To 97.41 compared to the opening at 97.42.

Investors are currently waiting for the US economy to release housing market data with the Housing Starts and Building Permits reading, which may be up in March as building permits are expected to show a 0.7% rise to 1,300,000 versus a decline 1.6% to 1,296 thousand, and construction starts up 5.9% to 1,230,000 versus 8.7% at 1,162 homes.

Technical analysis:

Gold continues to fluctuate around the 1275.30 level. The negative impact of the Tri-Triad pattern continues to be effective. Therefore, our bearish outlook remains valid for the coming period, supported by negative pressure formed by the moving averages, awaiting targets of 1253.20 and 1231.13 respectively.

Recall that the continuation of the expected bearish direction depends on stability below 1275.30 and 1282.00 levels.

The trading range for today is among the support at 1253.20 and resistance at 1282.00

The general trend for today is bearish

The US dollar fluctuated in a tight range slipping during the Asian session to see its rebound for the third session since December 20 against the Japanese Yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of disclosure of market data American housing amid the absence of the US market because of the Good Friday holiday there.

At 05:47 GMT, the pair dropped 0.05% to 111.91 compared to the opening levels at 111.98 after the pair reached a low of 111.90 and a high of 1122.01.

On the Japanese economy, we saw the National Consumer Price Index (NFP) annual reading, which showed growth accelerated to 0.5% in line with expectations compared to 0.2% in February, while the annual reading of the same index excluding fresh food excluding energy and fresh food accelerated growth to 0.8% compared to the previous reading and expectations at 0.7%, and stability at 0.4% is consistent with expectations.

On the other hand, investors are looking for the US economy to release data on the housing market with the reading of both the Construction Starts Index and Construction Permit, which may reflect a rise in March, where construction permits are expected to rise 0.7% to 1,300K. Compared to a drop of 1.6% at 1,296 thousand. Initial construction starts may also rise 5.9% to 1,230,000 versus 8.7% at 1,162 homes.

Technical analysis:

The USDJPY pair has been trading sideways and narrowly recently and remains steady below 112.12, noting that Stochastic is beginning to provide a negative cross signal on the four hour time frame, which is an incentive to wait for the pair to resume the expected bearish trend for the coming period, targeting Levels of 111.44 then 110.86 mainly.

Keep in mind that a breach of 112.12 will halt the expected decline and push the price to resume the bullish trend in the short term.

The trading range for today is among the key support at 111.10 and resistance at 112.60

The general trend for today is bearish

There is no new movement in the Amazon stock as the stock continues to rise after the support level stood at 1765.27 against the price to continue the upward trend towards the target near the level of 1890.43

The price fluctuates above the moving averages 7-7 and 20 which support the price to rise and continue in the bullish path.

Stochastic in the overbought area and out of it may push the price for a correction and retest of support

The expected movement between 1765.27 support and 1890.43 resistance

General direction of the movement: upward