Analytic reviews

Aeroflot failed to break support at 95.15 and rebounded in a correction move

The price moves below the moving averages you are pushing and pushing to retest the support level .99.45

Stochastic has emerged from the oversold area in a bullish upward direction in a signal that may be the end of the descending movement and start a correction towards the top

The trading range between support 90.15 and resistance 102.58

The general trend of the movement is neutral

The Australian dollar fell during the Asian session against the US dollar following developments and economic data that followed on the Australian economy and on the threshold of the decisions and directions of the Reserve Bank of Australia in addition to developments and economic data expected Tuesday by the US economy

Morning: The AUDUSD fell 0.27% to 0.7073 compared to the opening levels at 0.7092, after reaching its lowest level in three weeks at 0.7066, while the highest level during the session at 0.7097.

We followed the Australian economy's current account reading, which showed the deficit narrowed to A $ 7.2 billion against A $ 10.8 billion in the third quarter, beating expectations that the deficit had shrunk to A $ 9.3 billion. Investors are looking forward to issuing a statement Monetary policy of the Reserve Bank of Australia.

The Reserve Bank of Australia's decision on short-term benchmark interest rates is also eyeing expectations of staying at 1.50% for the 28th meeting in a row, ahead of Wednesday's speech by Governor of the Central Bank of Australia Philip Leu under the title "Housing and Economy Market" Australian Business Summit in Sydney.

We see the final reading of the index of the Institute of Supply Services by Markit from the United States, which may reflect the stability of the wideness at 56.2 compared to 54.2 in January.

And the index of the Institute of Supply Services, which may show a breadth to 57.4 compared to 56.7 in January, and we would like to point out that the service supply is important in the fact that the service sector in America represents more than two thirds of GDP, in conjunction with the disclosure of data The housing market and the release of new home sales, which could reflect a decline of 8.7% to 590 thousand against a rise of 16.9% at 657 thousand in December.

Technical Analysis

AUDUSD has fluctuated around the 0.7075 level since yesterday, and we see that Stochastic is close to providing a positive cross signal now, as the price is expected to resume the expected bullish trend for the next period, which targets 0.7250 mainly.

In general, we will keep our bullish outlook intact unless the 0.7044 level is broken and stability below it.

The trading range for today is expected among the support at 0.7045 and the resistance at 0.7150

The general trend for today is bullish

The single currency of the European Union (EUR) opened in the Asian session on Wednesday as it rebounded to a fourth session since February 5 against the US dollar ahead of economic news and data expected Tuesday by Eurozone economies and the US economy.

During the Asian session, the EURUSD dropped 0.11% to 1.1327 compared to the opening at 1.1340 after recording a low of 1.1325 and a high of 1.1341.

Spain's PMI is expected to show a contraction of 54.2 versus 54.7 in January, while the same indicator for Italy, the region's third-largest economy, may see deflation extending to 49.5 from 49.7 in January.

Before showing the final reading of the PMI for both France and Germany, which may show deflation stabilizing at 49.8, little changed from last month's reading in France, versus a contraction of 47.8 in January and a widening stability at 55.1 in Germany versus 53.0, The final reading of the index for the euro area as a whole reflects the stability of the widening at 52.3 and against 51.2 in January.

And to the release of retail sales reading for the euro area as a whole, which could rise 1.3% from 1.6% last December, while the annualized reading of the same index may show growth accelerating to 2.1% versus 0.8% The ECB meeting, during which interest rates are expected to remain at their current zero levels.

From the US economy, we expect to see the final reading of the index of the Institute of Service Supply by Markit from the United States, which may reflect the stability of the wideness at 56.2 compared to 54.2 in January.

And the index of the Institute of Supply Services, which may show a breadth to 57.4 compared to 56.7 in January, and we would like to point out that the service supply is important in that the service sector in America represents more than two thirds of GDP, in conjunction with disclosure of housing market data The new home sales reading, which could reflect a decline of 8.7% to 590 thousand versus a rise of 16.9% at 657 thousand in December.

Technical Analysis

The Euro tested support area of ​​1.1312 yesterday and could not break it to keep the range within the range between support 1.1312 and resistance 1.1362. Therefore, we will continue to neutral until the price confirms the breach of one of these levels and then set the following targets more accurately.

Moving averages push the price lower and wait for the 20 SMA to cross with SMA 50 until we get the ideal bearish order. While the Stochastic indicator gives signs of a rise. Therefore, we remain neutral

The continuation of the negative pressure and breaking the mentioned support will push the price towards 1.1180 as the next negative target, while breaching the resistance will open the possibility of recovery attempts over the intraday, starting at 1.1443 and extending to 1.1550.

The trading range for today is among the key support at 1.1250 and resistance at 1.1420

The expected general trend for today: neutral

Gold prices started to recover slightly after the last two sessions as gold prices tumbled in a narrow range inclined to rise during the Asian session, regardless of the rise of the dollar index for the fourth session in a row according to the inverse relationship between them. After the decisions and directions of the Reserve Bank of Australia and the news and economic data expected on Tuesday by the US economy.

In the Asian session, gold futures rose 0.15% to currently trade at $ 1,289.60 per ounce from the opening at $ 1.287.80 per ounce, while the US dollar index rose 0.07% to 96.71, showing a four-week low against the opening at 96.68.

We followed the release of Reserve Bank of Australia monetary policy statement with the Bank's monetary policy makers 'decision to keep interest rates at 1.50% for the 29th consecutive meeting, which was in line with analysts' expectations, and comes hours before the expected speech of the Reserve Bank of Australia Philippe Lowy on Wednesday under the title "Housing Market and Economy" at the Australian Financial Action Summit in Sydney.

From the US economy, we expect to see the final reading of the index of the Institute of Service Supply by Markit from the United States, which may reflect the stability of the wideness at 56.2 compared to 54.2 in January.

And the index of the Institute of Supply Services, which may show a breadth to 57.4 compared to 56.7 in January, and we would like to point out that the service supply is important in that the service sector in America represents more than two thirds of GDP, in conjunction with disclosure of housing market data The new home sales reading, which could reflect a decline of 8.7% to 590 thousand versus a rise of 16.9% at 657 thousand in December.

Technical Analysis

Gold reached the target near 1281.61 support to oscillate in a choppy range that tends to rise but faces resistance from the 7 MA.

Moving averages still press the price for further decline while the Stochastic is starting to exit the overbought area by the end of the current correction wave and back to the upside again.

We will continue to push the downside move for today unless 1302.06 is breached and stability above it, noting that breaking the target will push the pair towards the next correction level at 1253.20.

The trading range for today is among the support at 1275.00 and resistance at 1300.00

Support and resistance:

Support: 1281.61-1275.00

Resistance: 1294.65-1302.15

The general trend for today is bearish

Google shares are moving from the rising channel that has been moving in since the beginning of the year.

Overall we are still on the uptrend since the beginning of this year, but only if the resistance breached 1160.80

Moving averages support this bullish movement as we have a bullish order of the moving averages 7-20-50 below the price to give it stability and support to continue the upside.

The US dollar moved in a narrow bullish range during the Asian session to see a rebound to the fourth session in five sessions from its lowest since February 15 against the Japanese yen amid a lack of economic data by the Japanese economy, the third largest economy in the world and on the eve of developments and economic data expected Tuesday By the US economy, the world's largest economy.

With the opening of the Asian session, the USDJPY rose 0.15% to 111.92, compared with the opening levels at 111.74 after the pair reached a high of 111.95 while the lowest at 111.72.

Japanese Prime Minister Shinzo Abe expressed his belief that the economic and monetary policy has succeeded and that he trusts in the management of Bank of Japan Governor Haruhiko Kuroda of monetary policy, explaining that without strong monetary policy Japan could not be able to overcome inflationary deflation, adding that his government Trust the ability of the BOJ Governor Kuroda to manage the monetary policy file.

The Bank of Japan Governor Kuroda said his country's economy was no longer in recession, noting that corporate innovation weighed on inflationary pressures and that the Japanese central bank took action in July to improve conditions. Regional banks have plenty of money And that there is a need to continue to be banks in turn as a financial intermediary, explaining that the Bank of Japan will maintain its expansionary monetary policies.

From the US economy we await the release of Markit's final index from the US, which may reflect the stability of the widening at 56.2 vs. 54.2 in January.

And the index of the Institute of Supply Services, which may show a breadth to 57.4 compared to 56.7 in January, and we would like to point out that the service supply is important in the fact that the service sector in America represents more than two thirds of GDP, in conjunction with the disclosure of data The housing market and the release of new home sales, which could reflect a decline of 8.7% to 590 thousand against a rise of 16.9% at 657 thousand in December.

Technical Analysis

The USD / JPY pair rebounded upwards after testing the 61.8% Fibonacci retracement of the recent bullish wave seen in the image, as the pair resumed its main ascending channel, which is conjoined within the main ascending channel, awaiting a visit to 112.65 and then 113.70 mainly.

Stochastic offers a positive cross signal to support the expected rally, which will remain intact with stability above 111.65.

The trading range for today is among the key support at 111.40 and resistance at 112.90

The general trend for today is bullish

EURUSD

The pair is under pressure due to two main factors: slowdown of the EU economic growth and anticipation of Brexit.

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

Trading recommendations:

If the pair goes below 1.1320, it may continue falling to 1.1250.

EURUSD

The pair remains within a narrow range due to the expected growth slowdown of the EU economy and Brexit.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is on the level of 50%. Stoch aren’t informative.

Trading recommendations:
If the pair remains below the level of 1.1370, it may, while preserving the overall flat dynamics, move down to 1.1320.

Sberbank is trading sideways between 202.03 and resistance at 210.93 where the price is moving between the 50-20 moving averages

The SMA 50 is a support level near 200.00 while SMA 20 is price resistance at 210.93

Stochastic is in a bullish upward direction and is a positive pressure on the pair to rise and test resistance at 210.93

Expected movement between 193.75 support and resistance. 219.42

The general trend of the movement: upward

The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for a fourth consecutive session from its lowest level since February 15 against the Japanese Yen following developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected on Monday by The US economy is the largest economy in the world.

At 05:47 GMT, the USDJPY rose 0.05% to 111.95 from the opening levels of 111.85 after the pair hit a session high of 112.01 and a low of 111.75.

We followed the Japanese economy to reveal the annual reading of the monetary base index by the Bank of Japan, which showed a slowdown in growth to 4.6% compared to 4.7% in January, exceeding expectations that slowed growth to 4.5% The Bank of Japan has been using this indicator as its main operational target for the monetary base scheme since April 2013.

On the other hand, investors are currently looking for the US economy to release a reading of the construction spending index, which may reflect a slowdown in growth to 0.2% versus 0.8% in November. Fed Governor Jerome Powell noted last weekend that The US economy is in a good position and the Fed will be quiet and watch for economic risks in the coming period.

Technical analysis:

USD / JPY managed to reach the upper limit of the ascending channel, achieving the target we discussed last week, so some correction in the movement is expected to fall towards the support level of 111.37, which is near the 20 MA which will increase the previous support level.

This is reinforced by negative signals from the Stochastic, which is moving in a bearish path and out of the overbought area

The general direction of the sideways movement tends to rise once again if the support remains at 111.37 and the target is to penetrate the ascending channel