Analytic reviews

The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the fourth session from its highest since October 20 against the Japanese yen following the developments and economic data that they followed on 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, which includes the speech of a member of the Federal Open Market Committee, Richard Clarida.

At exactly 07:08 AM GMT, the US dollar pair fell against the Japanese yen by 0.19% to 104.58 levels compared to the opening levels at 104.78, after the pair achieved its lowest level during the session's trading at 104.49, while it achieved its highest at 104.92, knowing that The pair started the session on a rising gap after ending last week’s trading at 104.63 levels.

We have followed up on the Japanese economy the release of the preliminary seasonally adjusted GDP reading, which showed a growth of 5.0% compared to a contraction of 7.9% in the last second quarter, beating expectations for a growth of 4.4%, while the preliminary seasonally adjusted annual reading of the gross domestic product measured by prices indicated a slowdown The pace of growth to 1.1% compared to 1.3% in the second quarter, also surpassing expectations that indicated a slowdown in growth to 1.0%.

This came before we witnessed from the second largest economies in Asia and the third largest economy in the world and the second largest industrial country in Asia and the third largest industrial country in the world, the disclosure of industrial sector data with the release of the final reading of the Industrial Production Index, which showed an increase of 3.9% compared to the initial reading for the month of September / September and expectations for a rise of 4.0% and against a rise of 1.0% last August, while the final annual reading of the same index confirmed a decline of 9.0%.

On the other hand, investors are awaiting the US economy to reveal the industrial sector data for the largest industrial country in the world with the release of the New York Industrial Index, which may reflect an expansion to a value of 13.8 compared to 10.5 last October, and this comes before we witness the participation of a member The Federal Open Market Committee and Fed Deputy Governor Richard Clarida in an online discussion hosted by the Brookings Institution.

Technical analysis

The dollar versus yen pair shows a more bearish tendency to surpass the SMA 50 and settle below it, which supports the continuation of our bearish expectations effectively in the upcoming sessions, and the path is open to achieving our main negative target at 103.65.

Stability below 105.20 is important for the continuation of the expected bearish trend, as breaching it will lead the price to achieve new gains targeting 106.00 then 106.44 before any new attempt to decline.

The expected trading range for today is between 103.70 support and 105.00 resistance

The expected general trend for today: Bearish

The single currency, the euro, fluctuated in a narrow, rising range during the Asian session against the US dollar on the cusp of developments and economic data expected today, Monday by the economies of the euro area and the US economy, the largest economy in the world, which includes the speech of the European Central Bank, Christine Lagarde, and the speech of the Federal Open Market Committee member. Richard Clarida online.

At exactly 06:49 AM GMT, the euro pair rose against the US dollar by 0.18% to 1.1850 levels compared to the opening levels at 1.1829, after the pair achieved its highest level during the session's trading at 1.1855, while it reached its lowest level at 1.1828, knowing that The pair started the session on a descending gap after ending last week’s trading at 1.1834 levels.

Investors are currently waiting for the European Central Bank to unveil the semi-annual report to review financial stability, before we witness the speech of the European Central Bank, Christine Lagarde, at the Leaders for Change summit organized by the World Economic Forum. The file of Britain's exit from the European Union, especially with the approaching final deadline.

On the other hand, investors are awaiting the US economy to reveal the industrial sector data for the largest industrial country in the world with the release of the New York Industrial Index, which may reflect an expansion to a value of 13.8 compared to 10.5 last October, and this comes before we witness the participation of a member The Federal Open Market Committee and Fed Deputy Governor Richard Clarida in an online discussion hosted by the Brookings Institution.

Technical analysis

The EUR / USD pair resumes its positive trading after confirming the return to the bullish channel that appears in the image, which supports the continuation of our bullish expectations in the intraday and short term, and the way is open for us to head towards our next main target that reaches 1.2011.

The SMA 50 supports the price from below to reinforce the positive expectations, which will remain valid as long as it is stable above 1.1820, as breaking this level will put the price under negative pressure again, heading towards testing 1.1720 areas before any new attempt to rise.

The expected trading range for today is between 1.1800 support and 1.1950 resistance

The expected general trend for today: Bullish

Aeroflot stock returns to the upside after it managed to breach the resistance 68.30 in an attempt to end the bearish path and return to the upside again.

The price is moving above the moving averages 507-20- after it was able to breach it by the end of last week, which is moving near the support level 68.31 and pressures the price to continue rising.

The stochastic oscillator is moving within a sideways path in the overbought area, thus it tries to pressure the price to continue to rise

General trajectory of movement: a downward trajectory

USDCHF

The currency pair is trading in the range of 365 and 135 moving averages directed upwards. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.

USDCHF rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending wave pattern has formed, where the wave (aC) breaks through the inclined channel of the downward expected correction.

Stop Loss at the local minimum.

Target levels: 0.9189; 0.9270.

GBPUSD

The pair is trading above 1.3200 amid the rising demand for risk assets and the weaker US dollar. Investors believe that the Biden presidency and the vaccine will quickly restore the precrisis levels. Against this backdrop, the demand for safe haven assets, including the US dollar, is dropping.

Technical side:

The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is gradually declining. Stoch are reversing in the overbought zone.

GBPUSD rate online: monitor the price movement in real time.

Trading recommendations:

Sell the pair after it crosses 1.3200 with a possible decline to 1.3100.

#NFLX

The price pivot zone of 459.00 deters sellers. Awesome Oscillator indicator shows a bullish divergence. Breaking through the resistance level of 497.0 will result in the formation of an ascending pattern of 1-2-3.

#NFLX rate online: monitor the price movement in real time.

Trading recommendations:

Buy on breakout of 497.00.

Stop Loss under the price pivot zone 459.00.

Target levels: 518.00; 553.00.

Friday, November 13th, today’s news—the rising number of new coronavirus cases in the US and Europe continues to weigh on the markets, outshining the vaccine positivity. European markets are falling, the US markets are flat, Asian markets are mixed as Joe Biden is likely to be elected President, the dollar and oil are falling, gold is up. The price of Brent oil is $42.98, WTI—$40.48, EUR/USD is at 1.1813, GBP/USD—1.3153, gold is $1,877.30 per ounce.

The Australian dollar against the US dollar exited the bullish triangular flag, as it faces negative pressure to test the moving average 50 now, which forms a good support against the price, accompanied by the emergence of positive signs through the stochastic indicator, waiting for the price to stimulate the resumption of the main bullish trend that targets 0.7413 As the next major stop.

Therefore, we will continue suggesting the bullish trend for the upcoming period, unless breaking 0.7210 and holding below it.

The expected trading range for today is between 0.7180 support and 0.7300 resistance

The expected general trend for today: Bullish

Futures contracts for gold prices fluctuated in a narrow range that tends to rise, to witness its rebound to the third session in five sessions from its lowest since July 22, overlooking the bounce of the US dollar index for the third session in five sessions from its lowest since early September, when the lowest was tested Since late April 2018, according to the inverse relationship between them on the cusp of economic developments and data expected today, Friday, by the US economy, the largest economy in the world.

At exactly 05:29 am GMT, gold futures contracts for next December delivery rose 0.01% to trade at $ 1,875.80 an ounce, compared to the opening at $ 1,875.60 an ounce, knowing that the contracts started the session on a rising price gap after trading concluded Yesterday at $ 1,873.30 per ounce, while the US Dollar Index rose 0.07% to 93.00 compared to the opening at 92.94.

Investors are currently awaiting the US economy, the release of the producer price index reading, which is a preliminary indicator of inflation, which may reflect a slowdown in growth to 0.2% compared to 0.4% last September, and the core reading of the same index may also indicate a slowdown in growth to 0.2% compared to 0.4%. While the annual reading of the index may show that growth has stabilized at 0.4%, the core annual reading also reflects the stability of growth to 1.2%.

This comes, before we witness the disclosure of the preliminary reading of the University of Michigan Consumer Confidence Index, which may show an expansion to a value of 82.1 compared to 81.8 last October. Otherwise, we followed up yesterday, Fed Governor Jerome Powell expressed that his country's economy is recovering. In a way that exceeded expectations, despite the slow pace of recovery, adding that the economy is on a steady pace of improvement.

In the same context, Powell touched yesterday on the fact that the most prominent danger facing the US economy is the outbreak of the Corona virus, explaining that the danger facing the possibility of recovery lies in the continuous increase in the number of people infected with the Coronavirus, adding that the Corona vaccine is a good thing for the economy in the medium term, with His assertion that it is too early to talk now about the impact of the vaccine on economic conditions and that the next few months will be crucial months.

Technical analysis

Gold price trading is stabilizing around 1880.00, and we need to get enough positive momentum to push the price to achieve more upside in the upcoming sessions, as the bullish trend scenario remains intact over the intraday basis, supported by the formation of a bullish bottom shown in the image.

Therefore, we await the direction towards levels of 1901.80 then 1934.86, which represents our next main targets, bearing in mind that a break of 1860.90 will stop the expected rise and pressure the price to head towards 1794.84 as the next negative station.

The expected trading range for today is between 1855.00 support and 1900.00 resistance

The expected general trend for today: Bullish

The stock of Amazon (AMAZON) jumped higher in the last sessions, so that the stock succeeded with this rise in regaining its trades along a major rising trend line in the medium term, as shown in the attached chart, despite the neutral signals coming from the RSI indicators, after reaching extremely saturated areas. Through previous selling operations, the stock achieved sharp gains of 6.32%, equivalent to 192.75 points, to settle at a price of $ 3,241.16, and with this rise, the stock also succeeded in getting rid of the negative pressure of the simple moving average for the previous 50 days, to open the door for it to achieve more gains.

Therefore, our expectations indicate a further rise for the stock during its upcoming trading, as long as it stabilized above 3,082.53, targeting the pivotal resistance 3,545.11.

The expected direction for the stock's upcoming trades: To the upside.