Analytic reviews

The single currency of the European Union region fluctuated in a narrowly bearish range during the Asian session to see its fifth session retreat in six sessions from its highest since October 17 against the US dollar on the eve of developments and economic data expected Thursday by Eurozone economies The US economy is the largest economy in the world.

At 4:11 am GMT, the EURUSD dropped 0.06% to 1.1406 compared to the opening at 1.1413 after recording the highest level at 1.1396, while the highest at 1.1415.

The markets are looking for the third largest economy in the eurozone. Italy's trade balance index, which may show a contraction of the surplus to 2.89 billion euros from 3.78 billion euros in October, before we see the eurozone economies as a whole reveal the final annual reading To the consumer price index, which may reflect a slowdown in growth to 1.7% compared to 1.9% in the previous preliminary reading last month.

On the other hand, investors by the US economy, the world's largest industrial nation, are looking to release the Philadelphia Manufacturing Index, which may reflect an expansion to 9.7 versus 9.4 last month, in conjunction with the January 12 reading of the index of claims claims May reflect a rise of 3 thousand applications to 219 thousand applications compared with 216 thousand applications in the previous weekly reading.

Technical Analysis

The EUR / USD pair did not show any strong movement yesterday to keep fluctuating around SMA 50, maintaining its stability below 1.1443. Therefore, the bearish scenario will remain intact, targeting 1.1335 and 1.1181 as next major stations, while Its stability is required below 1.1443.

The trading range for today is expected among 1.1300 support and 1.1443 resistance

Support and resistance:

Support: 1.1386-1.1341-1.1300

Resistance: 1.1443-1.1500-1.1550

The general trend for today is bearish

Cisco shares continue to rise for the third week in a row supported by the moving average 7 which is moving below the price. While the SMA 50 above the price level is resistance.

The stochastic is giving positive cross signals and is preparing to enter the overbought area and therefore the bullish movement is likely to continue and test the resistance around 44.57 near SMA 50

The range of support between 42.42 and resistance is 45.67

Support and Resistance:

Support: 42.42-39.95

Resistance: 44.57-45.56-46.62

The general trend of the movement is bullish

The Australian dollar fluctuated in a narrow upward range to see its rebound from its lowest level since January 10 against the US dollar following developments and economic data that followed it on the Australian economy and on the eve of developments and economic data expected Thursday by the US economy, In conjunction with the continued partial closure of the federal government in the United States.

At 02:32 GMT, the AUDUSD rose 0.01% to 0.7169 compared to the opening levels at 0.7168, after reaching a high of 0.7175, while achieving a week low of 0.7158.

On the Australian economy, the Melbourne Institute read consumer expectations for inflationary pressures, which showed a drop to 3.5% from 4.0% last December, before we saw housing market data with the Home Loan Index showing 0.9% Up 2.1% last October, beating expectations for a 1.5% decline.

On the other hand, investors by the US economy, the world's largest industrial nation, are looking to release the Philadelphia Manufacturing Index, which may reflect an expansion to 9.7 versus 9.4 last month, in conjunction with the January 12 reading of the index of claims claims May reflect a rise of 3 thousand applications to 219 thousand applications compared with 216 thousand applications in the previous weekly reading.

Technical Analysis

The AUDUSD is now trading negative to test the pivotal support 0.7145, and the price needs to stabilize above this level to keep the bullish trend effective for the coming period, as breaking it will press the price to decline again and head towards the 0.7000 areas initially.

So far, we continue to favor the bullishness supported by Stochastic, with our next main target at 0.7335.

The trading range for today is expected among the key support at 0.7100 and resistance at 0.7230

Support and resistance:

Support: 0.7142-0.7044

Resistance: 0.7243-0.7367

The general trend for today is bullish

The Pound rose again after a sharp drop in yesterday's session following the vote on the BRC. Where we followed on Tuesday the British parliament vote to reject the British exit from the European Union and is expected to see later today a vote of no confidence from the government of Prime Minister British Prime Minister Teresa Mai amid growing opportunities for anarchic separation of the United Kingdom from the European Union or cancel the entire separation process during The next few weeks.

The Sterling Pound opened today with a slight movement at 1.2855 recording the highest of 1.2871 and the lowest of 1.2823 at the time of writing this report.

On the other hand, investors are looking ahead to the reading of the import price index, which may reflect a decline of 1.0% against 0.5% in November before we witness the release of housing market data with the housing index reading by the National Association of Builders Which may reflect a widening to 61 versus 60 in December.

The markets are also looking forward later today to unveil the Beige report, which is important in being issued two weeks before the FOMC meeting, one of the pillars on which the Fed's monetary policymakers build their decisions and attitudes to support and stimulate the US economy. That the next meeting of the next Federal Commission will be held on 29-30 of January.

Technical Analysis

GBPUSD rallied sharply after yesterday's sharp decline and approached our negative target at 1.2636 to settle above 1.2800 again, keeping the main bullish scenario intact for the coming period, awaiting a major visit to 1.2962.

Therefore, we are waiting for positive trading for the day provided that the price remains stable above the level of 1.2800.

The trading range for today is expected among the 1.2750 support and 1.2960 resistance

Support and resistance:

Support: 1.2779-1.2713-1.2638

Resistance: 1.2876-1.2961-1.2995

The general trend for today is bullish

The single currency of the European Union region fluctuated in a tight range to retreat during the Asian session to see a rebound to the fourth session in five sessions from its highest since October 17 against the US dollar on the eve of economic developments and data expected Wednesday by the region's largest economies Euro Germany and the US economy the world's largest economy.

At 4:11 am GMT, the EURUSD dropped 0.06% to 1.1406 compared to the opening at 1.1413 after recording the highest level at 1.1396, while the highest at 1.1415.

The markets are looking for the largest economies in the euro area Germany, the final reading of the consumer price index, which may reflect the stability of growth of 0.1%, unchanged from the previous preliminary reading for the month of December and the previous reading for the month of November, The British parliament voted to reject Britain's exit from the European Union in an orderly fashion.

On the other hand, investors are looking ahead to the reading of the import price index, which may reflect a decline of 1.0% against 0.5% in November before we witness the release of housing market data with the housing index reading by the National Association of Builders Which may reflect a widening to 61 versus 60 in December.

The markets are also looking forward later today to unveil the Beige report, which is important in being issued two weeks before the FOMC meeting, one of the pillars on which the Fed's monetary policymakers build their decisions and attitudes to support and stimulate the US economy. That the next meeting of the next Federal Commission will be held on 29-30 of January.

Technical Analysis

The EUR / USD pair broke 1.1443 after closing the daily candlestick below it, pushing the pair lower during the coming sessions, awaiting the initial test at 1.1341, which breached the key to the 1.1181 rally as the next target.

The price is trading below the SMA7 and SMA20, while the SMA50 formed a support to prevent the price from falling further as it moves near the support level 1.1386.

The Stochastic is in a bearish move towards the oversold area and if it is able to enter this area of ​​the spud negative pressure on the price and we can see a further decline.

Keep in mind that a break of 1.1443 and stability above it will reactivate the bullish scenario scenario with its first target at 1.1550.

The trading range for today is expected among 1.1300 support and 1.1500 resistance

Support and resistance:

Support: -1.1386-1.1341-1.1300

Resistance: 1.1443- 1.1500-1.1550

The general trend for today is bearish

The Australian dollar fluctuated in a tight range against the US dollar following the economic developments and data that followed it on the Australian economy and on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world and coincided with the entry of partial closure of the federal government for the fourth week in a row .

At 02:58 GMT, the AUDUSD fell 0.01% to 0.7200 from the opening levels of 0.7201, after hitting a session low of 0.7189, while reaching a high of 0.7207.

On the Australian economy, the Westpac consumer confidence index for January showed a contraction of 99.6, down 4.7% from 104.4 in December.

On the other hand, investors are looking ahead to the reading of the import price index, which may reflect a decline of 1.0% against 0.5% in November before we witness the release of housing market data with the housing index reading by the National Association of Builders Which may reflect a widening to 61 versus 60 in December.

The markets are also looking forward later today to unveil the Beige report, which is important in being issued two weeks before the FOMC meeting, one of the pillars on which the Fed's monetary policymakers build their decisions and attitudes to support and stimulate the US economy. That the next meeting of the next Federal Commission will be held on 29-30 of January.

Technical Analysis

The AUDUSD continues to fluctuate around the 0.7200 level, so there is no change in the bullish scenario that depends on stability above 0.7145, supported by the positive cross that Stochastic is currently introducing, indicating that we are waiting to visit 0.7335 as a next stop.

The trading range for today is among the key support at 0.7145 and resistance at 0.7280

Support and resistance:

Support: 0.7142-0.7044-0.6895

Resistance: 0.7243-0.7280-0.7367

The general trend for today is bullish

Aeroflot continues its upward trend for the fifth session in a row and is approaching the resistance level 107.81 at the level of Fibonacci 23.6%

The price moves above the moving averages moving close to each other and forming a price support level and pushing it higher

We wait for the intersection between these averages and get the order 7-20-50 until the price gives stability in the ascending path

Stochastic is moving near the overbought area in a sideways path and if you can enter this area the positive pressure on the price will increase and we are likely to see new highs

The overall path is expected between support 100.20 and resistance 115.27

Support and resistance:

Support: 104.59-100.20-90.11

Resistance: 107.81-115.27-118.76

General Track: Up

Gold futures traded in a tight range slipping towards the Asian session as the dollar index rose for the fourth session in five sessions from its lowest since October 16, according to the inverse relationship between them on the eve of developments and economic data expected Wednesday by the economy And the simultaneous stabilization of the partial closure of the federal government in the United States.

Gold futures for February delivery fell 0.07% to currently trade at $ 1,288.70 per ounce from the opening at $ 1,289.60 an ounce, while the US dollar index rose 0.07% to 96.01 compared to the opening at 95.94 .

Investors are looking ahead to the reading of the import price index, which may reflect a 1.0% drop from a 0.5% rise in November before we see housing market data released with the housing index reading by the National Association of Home Builders Reflecting a widening to 61 versus 60 in December.

The markets are also looking forward later today to unveil the Beige report, which is important in being issued two weeks before the FOMC meeting, one of the pillars on which the Fed's monetary policymakers build their decisions and attitudes to support and stimulate the US economy. That the next meeting of the next Federal Commission will be held on 29-30 of January.

Otherwise, on Tuesday we followed the British Parliament's vote by rejecting Britain's exit agreement from the European Union and we are expected to see later today a vote of no-confidence from Prime Minister Thiersa Mae's government amid growing opportunities for chaotic secession of the UK from the European Union or the abolition of the process The entire disengagement over the next few weeks

Technical Analysis

Gold continues to fluctuate within the ascending triangle, waiting for a breach of 1296.00 to activate the positive effect of this pattern and then to get a positive incentive that helps push the price to continue the short term bullish trend targeting 1316.65 as a next stop.

The SMA 7 is moving below the price in a sideways path to support it while the SMA 20 is moving towards the price and we can see a cross between the 7 and 20 averages in the near term if the price continues to move sideways and the price model fails

Stability above 1286.70 is important for the continuation of the expected rally, as breaching it will press the price to initial test at 1262.50.

The trading range for today is expected among the support at 1280.00 and resistance at 1316.00

Support and Resistance:

Support: 1286.83-1262.50-1251.32

Resistance: 1301.00-1316.00-1318.5

The general trend for today is bullish

EURUSD

The pair is consolidating as the ECB is no longer expected to hike interest rates this year. This sentiment is caused by the ECB head Mario Draghi’s speech, which wasn’t promising for the euro.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory. Stoch aren’t informative.

Trading recommendations:

The inability of the pair to go above 1.1415 may result in a local reversal and drop to 1.1335.

GBPUSD

The pair is in uptrend due to Theresa May’s Brexit deal being expected to be passed by the Parliament after all, as the Prime Minister claims that rejecting the deal would damage the country's economy, and investors hope that the MPs will make a decision favorable for them.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the oversold zone and is moving horizontally. Stoch are growing.

Trading recommendations:

If the Parliament votes in favor of May’s deal, the price may go up to 1.3045. In the opposite scenario, the pair would fall to 1.2700.