Analytic reviews

USDJPY

The pair hit 105.00, but may resume the decline amid the uncertainty around the US presidential election and the persisting demand for safe haven assets, including the yen.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI tests the 50% level, moving upward. Stoch are not informative and are located in the oversold zone.

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

Trading recommendations:

Sell the pair with a possible decline to 104.15.

GBPUSD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The inclined channel of the descending pattern is broken. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

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

Trading recommendations:

Buy when a 1-2-3 ascending pattern is formed.

Stop Loss: 1.3100.

Target levels: 1.3228; 1.3300.

#FACEBOOK

The overall trend is upward. The stock is trading in the range of an ascending price channel. Start fractal has formed above the 135 moving average, the breakout of which will result in the formation of a 1-2-3 ascending pattern. Stochastic Oscillator signals an oversold condition.

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

Trading recommendations:

Buy above 279.80.

Stop Loss: 258.00.

Target levels: 297.00; 303.00.

Thursday, November 12th, today’s news—the rally in the European and American markets caused by the vaccine news has stopped. The second wave of the pandemic is still a factor, the economy in the UK recovered slower in September than in August, the stocks of Chinese tech giants bounced back. The price of Brent oil is $43.88, WTI—$41.52, EUR/USD is at 1.1814, GBP/USD—1.3190, gold is $1,867.20 per ounce

#EBAY

The overall trend is upward. After breaking through the support level of 47.00, the price returned back above the level (there was probably a false breakout of the level). A breakout of 48.14 will result in the formation of an ascending 1-2-3 pattern. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.

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

Trading recommendations:

Buy above 48.14.

Stop Loss: 45.36.

Target levels: 54.00; 57.80.

GBPUSD

The pair is in a downward turn amid the “constitutional crisis” in America, and the resulting strong demand for the dollar as a safe haven currency. The pound sterling is negatively affected by the weak GDP, and the industrial production data published this morning.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI tests the 50% level moving downward. Stoch are not informative.

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

Trading recommendations:

Sell the pair with a possible decline to 1.3117.

Gold futures fluctuated in a narrow range that tends to rise, to witness its rebound to the second session in four sessions from its lowest since July 22, overlooking the bounce of the US dollar index for the third session in four sessions from its lowest since the beginning of September, when the lowest was tested Since late April 2018, according to the inverse relationship between them on the cusp of developments and economic data expected today, Thursday, by the US economy, the largest economy in the world, which includes a speech by Federal Reserve Governor Jerome Powell.
 
At exactly 05:35 a.m. GMT, gold futures contracts for next December delivery rose 0.28% to trade at $ 1,869.20 an ounce compared to the opening at $ 1,863.90 per ounce, knowing that the contracts started the session on a rising price gap after trading concluded Yesterday at $ 1,861.60 an ounce, while the US Dollar Index rose 0.01% to 93.03 compared to an opening at 93.02.
 
Investors are expecting the US economy to see the release of the aid requests index reading for the past week on the seventh of November, which may reflect a decrease of 21 thousand requests to 730 thousand applications compared to 751 thousand applications in the previous reading, and the reading of continuous aid requests for last week may also appear. At the end of October, a decrease of 385 thousand applications decreased to 6.9 million, compared to 7,285 thousand applications in the previous reading.
 
This comes in conjunction with the disclosure of inflation data with the release of the consumer price index reading, which may reflect a slowdown in growth to 0.1% compared to 0.2% last September, while the core reading of the same index may indicate the stability of growth at 0.2%, and the annual reading of the index may show itself. Growth slows to 1.3% from 1.4%, while the annual core reading of the index may reflect an acceleration of growth to 1.8% from 1.7% in September.
 
Up to the participation of Federal Reserve Governor Jerome Powell with each of the European Central Bank Governor Christine Lagarde and Bank of England Governor Andrew Bailey in a satellite panel discussion entitled "Central Banks in a Changing World" at the European Central Bank Forum, before we witness later the Treasury's disclosure The US reported a reading of the federal budget, which may reflect a widening deficit to $ 274.0 billion, compared to $ 124.6 billion in September.
 
On the other hand, we followed earlier this week the statement of the World Health Organization, which mentioned that the arrival of the Corona vaccine may completely change the situation by the end of the year, especially that the very positive results of the third phase of clinical trials of the vaccine produced by the American company Pfizer in cooperation with the German company Biontech, which was announced Monday, it reached 90%, with the report that the Corona vaccine needs $ 4.5 billion to be ready by the beginning of next year.

Technical analysis

 
Gold price maintained its stability above 1860.90 after the strong negative pressure that it witnessed yesterday, which keeps our bullish expectations valid and effective for the upcoming period, supported by the positivity of the stochastic indicator, waiting to head towards levels of 1901.80 then 1934.86 as initial positive targets.
 
On the other hand, we note that the price forms a double bottom formation from the current areas to support expectations of achieving gains during the upcoming sessions, noting that breaking 1860.90 will nullify the proposed structure and stop the expected positive scenario, putting the price under new negative pressure targeting the direction towards 1794.84 areas in the near term.
 
The expected trading range for today is between 1855.00 support and 1900.00 resistance
 
The expected general trend for today: Bullish

The Australian dollar against the US dollar is confined to a bullish triangular flag pattern whose features are visible in the image, which means that the breach of 0.7305 will provide a good positive motive that supports the expectations of the continuation of the main bullish trend, whose next target is at 0.7413.

Consequently, our bullish expectations will remain valid for today, with a reminder of the importance of holding above 0.7210 for the continuation of the suggested ascend.

The expected trading range for today is between 0.7230 support and 0.7350 resistance.

The expected general trend for today: Bullish.

Cisco share was able to breach the resistance after it opened the week's trading with a gap and settled in trading above the 38.48 resistance level, thus giving the stock an indication of the end of the bearish path and the start of a new bullish path.

The trades stabilized above the SMA 50, which was forming a resistance level for the price, so the price stabilized by moving above all the moving averages, which is also a signal to start the upward movement.

The expected trading range is between 32.50 support and 42.13 resistance

The expected general trend for today: Bearish

CHFJPY

The descending H1 level pattern is truncated (presumably a wave B of the H4 level ascending pattern). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.

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

Trading recommendations:

Buy when an ascending wave pattern is formed, where the wave (as) breaks through the inclined channel of the descending truncated pattern.

Stop Loss under the local minimum of the descending pattern.

Target levels: 115.20; 115.94.