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The AUDUSD starts with positive trading and moves above 0.7200, consolidating expectations for a continuation of the bullishness over the intraday basis, supported by the 50 SMA, awaiting a visit to 0.7335 as the next target.

The continuation of the expected bullish wave depends on stability above 0.7145.

The trading range for today is expected among the support at 0.7160 and resistance at 0.7300

Support and resistance:

Support: 0.7142-0.7044

Resistance: 0.7243-0.7300

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 on the eve of economic developments and data expected on Tuesday by the Eurozone economies and the US economy, the world's largest economy. Britain's exit agreement from the European Union later in the day.

At 04:22 GMT, the EURUSD rose 0.11% to 1.1482 compared to the opening at 1.1469 after recording a high of 1.1490 and a low of 1.1466.

The markets are currently looking for France's second-biggest economy to unveil the final CPI reading, which may reflect stability at zero levels, unchanged from the previous December reading, versus 0.2% contraction in November. Last November, in conjunction with the issuance of the reading of the government budget of France.

This comes ahead of the eurozone economy as a whole, revealing the reading of the trade balance, which could reflect a widening of the surplus to 13.2 billion euros from 12.5 billion euros last October, to the testimony of European Central Bank Governor Mario Draghi later today About the ECB's annual report to the European Parliament.

On the other hand, investors are looking for the US economy to see the Producer Price Index (PPI), a preliminary index of inflationary pressures, which may reflect 0.1% contraction versus 0.1% growth in November, while the same index may show growth stability at 2.5% A little changed from what it was in the previous annual reading for the month of November.

In the same context, the core reading of the PPI may show a slowdown in growth to 0.2% from 0.3% in November, while the core annualized reading of the same index may show a 2.9% growth rate, compared with 2.7% in the previous November reading , In conjunction with the release of the New York Industrial Index, which may show a widening to 11.6 versus 10.9 last December.

Technical Analysis

EURUSD starts today with a slight bullish bias to move away from the 1.1443 level, which supports our continued bullish outlook, which gets good positive support from the SMA 50, with the reminder that our awaited targets start at 1.1550 then 1.1705, while stability above 1.1443 An important condition to achieve.

The trading range for today is expected among 1.1400 support and 1.1570 support

Support and resistance:

Support: 1.1443-1.1386-1.1341

Resistance: 1.1500-1.1550-1.1583

The general trend for today is bullish

The British pound rose during the US session to its highest since November 15 against the US dollar amid a lack of economic data earlier this week by the British economy and the US economy, the largest economy in the world in conjunction with the entry of partial closure of the US government in For the fourth week in a row and waiting for the results of the British Parliament vote on Tuesday on the agreement to leave Britain from the European Union.

Technical Analysis

The GBPUSD traded strongly yesterday to reach the awaited main target at 1.2962, and we note that the price has breached the important resistance shown in the chart above, which signals the direction of the price for further gains in the coming period. The rising wave extends towards 1.3070 as a next stop.

The upside path supports the intersection between SMA 7 and SMA 50 near the 1.2779 support level. Stochastic is trading near the side oversold area and if it is able to enter it, we will see further upside

Therefore, the bullish trend will remain bullish for the coming period provided stability remains above 1.2790.

The trading range for today is expected among the 1.2800 support and 1.3000 resistance

Support and resistance:

Support: 1.2779-1.2713-1.2638

Resistance: 1.2876-1.2961-1.2996

The general trend for today is bullish

Gold futures traded in a narrowly bullish range during the Asian session amid a drop in the US dollar index on the back of developments and economic data expected Tuesday by the US economy, the world's largest economy, British agreement on Britain's exit from the European Union later in the day.

Gold futures for February delivery rose 0.08% to currently trade at $ 1,292.30 per ounce compared to the opening at $ 1,291.30 per ounce, amid the decline of the US dollar index to 0.11% to 95.50 compared to the opening at 95.61 .

Investors are looking for the US economy to release the Producer Price Index (PPI), a preliminary indicator of inflationary pressures, which could reflect a 0.1% contraction versus 0.1% growth in November, while the annual reading of the same index may show growth at 2.5% As in the previous annual reading for the month of November.

In the same context, the core reading of the PPI may show a slowdown in growth to 0.2% from 0.3% in November, while the core annualized reading of the same index may show a 2.9% growth rate, compared with 2.7% in the previous November reading , In conjunction with the release of the New York Industrial Index, which may show a widening to 11.6 versus 10.9 last December.

Technical Analysis

The recent price of gold is limited to a bullish triangle pattern shown in the picture. Therefore, the price needs to break through 1296.00 for a positive incentive that strengthens the chances of heading towards our main target at 1316.65.

Therefore, we will maintain our positive outlook for the coming period provided that the price remains stable above 1286.70.

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

Support and resistance:

Support: 1286.8-1280.75-1266.47

Resistance: 1301.5-1318.00-1350.2

The general trend for today is bullish

Google shares continue to fall for the sixth session in a row as the stock trades near the support level 1044.6 and the moving average 50 is pushing the price to push it further down while the moving average 20 is supporting the price.

If the price is able to breach the mentioned support level we will see further downside towards the support level of 1000.99

Stochastic is in a downtrend towards the oversold area and this negative signal for the price will increase the negative pressure on the price movement and push it to try to breach the support.

The trading range between support is 1000.99 and resistance is 1092.22

Support and resistance:

Support: 1044.60-1000.99

Resistance: 1092.22-111.45

General Path: Down

USDCAD

The pair is reversing upwards as the crude oil prices are again going down, while the USD rate is stabilizing. If these trends remain, a local growth of the pair is expected.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is passing the level of 50%, thus suggesting to buy. Stoch aren’t informative.

Trading recommendations:

If the pair remains above 1.3265, it may trigger a local growth up to 1.3365.

The Australian dollar fell during the Asian session to see its rebound to its second highest session since December 13 against the US dollar following the economic developments and data followed Monday by the Australian economy and the lack of economic data by the US economy earlier this week.

At 03:41 GMT, the Australian dollar was down 0.42% to 0.7185, compared with the opening levels of 0.7215, after reaching a low of 0.7180, while recording a high of 0.7224.

On the Australian economy, the index of inflation index released by the Melbourne Institute (MI) for December showed a 0.4% expansion versus zero at last November, while the same annual reading showed growth accelerated to 1.9 From 1.6% in the previous annual reading for November.

Technical Analysis

The AUDUSD starts today with a slight bearish bias towards a possible test of 0.7145, and as long as the price is above this level, our bullish outlook remains intact, moving below the moving average 7 and above the moving average 20 which supports the price for the bigger support comes from SMA 50 which is approaching the support line 0.7145. The Stochastic is moving towards oversold areas in a reversal of the downside correction, with our next main target at 0.7367.

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

Support and resistance:

Support: 0.7143-0.7044

Resistance: 0.7243-0.7367

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 on the eve of economic developments and data expected Monday by the Euro-zone economies and amid a lack of economic data earlier this week by the US economy, the world's largest economy. The partial closure of the federal government in its fourth week in a row.

At 5:34 am GMT, the EURUSD rose 0.06% to 1.1476 compared to the opening at 1.1463 after the pair hit a session high of 1.1478 and a low of 1.1442.

The markets are currently looking for Germany's largest economy to detect the wholesale price index, which may reflect the acceleration of growth to 0.3% versus 0.2% in November, before we see the Euro-Zone economy as a whole reading the industrial production index which Growth may also accelerate to 0.3% versus 0.2% in October, just hours before European Central Bank Governor Mario Draghi reported on the ECB's annual report to the European Parliament.

Technical Analysis

EUR / USD is trading near the pivotal support 1.1443 and the price remains stable above this level so far, noting that the price meets this level to add more strength to it, keeping the bullish scenario in place so far, relying on stability above the mentioned level , Awaiting targets targeting 1.1550 and 1.1705 as next stops.

Keep in mind that breaking 1.1443 will halt the expected rally and press the price to achieve negative targets starting at 1.1320 and extending to 1.1181.

The moving averages support the bullish trend as the moving average 7 moves below the price level and gives it support for the upside while the rest of the 20-50 averages are in perfect order for the upside movement.

The trading range for today is expected among 1.1400 support and 1.1550 resistance

Support and resistance:

Support: 1.1443-1.1386-1.1341

Resistance: 1.1500-1.1550-1.1585

The general trend for today is bullish

The GBPUSD traded positively last Friday to break above the 1.2800 level and stabilize above it, which supports our continued bullish outlook for the coming period and is open to our awaited target at 1.2962.

The moving averages support the high price as we see the intersection of the moving average 7 with the SMA 50, indicating the end of the old bearish path and starting a new path but waiting until the 20 and 50 averages are crossed until we get the ideal order of the rise

Stochastic is in the overbought area and gives signals to break out. Therefore we are likely to see a correction in the price movement to the support level at 1.2780 at 38.2% Fibonacci retracement which is near the moving averages 7 and 50

Stability above 1.2735 is important for the continuation of the suggested rally, as breaching it will push the price to test the 1.2636 level initially before any new attempt to rise.

The trading range for today is among the key support at 1.2755 and resistance at 1.2960

Support and resistance:

Support: 1.2780-1.2713-1.2665

Resistance: 1.2875-1.2965

The general trend for today is bullish

Gold futures traded in a tight range in the Asian session as the US dollar index fell against the backdrop of the economic developments followed by the Chinese economy, the world's largest metal consumer, amid a lack of economic data earlier this week. In conjunction with the partial closure of the federal government in its fourth week.

Gold futures for February delivery rose 0.14% to currently trade at $ 1,291.30 per ounce compared to the opening at $ 1,289.50 per ounce, while the US dollar index fell 0.07% to 95.60 compared to the opening at 95.67 .

We followed the Chinese economy reading the trade balance index, which showed a surplus of 395 billion yuan, or 57.1 billion yuan, compared to 306 billion yuan, or 44.7 billion dollars in November, Forecasts that the surplus would widen to 345 billion yuan ($ 51.6 billion) as imports fell more than last month.

US Treasury Secretary Stephen Minuchin said on Friday that the Chinese vice premier is expected to complete the US-China trade talks in Washington by the end of this month, saying that the upcoming talks in his country will take into account Extension of tariff schedule.

This follows China's Ministry of Commerce that Beijing and Washington agreed to continue last week's trade talks between the world's top economists and that trade talks in Beijing were detailed and accurate on some outstanding issues, The British Parliament voted on the file of Britain's exit from the European Union.

Technical Analysis

Gold has returned to test the 1286.70 level and maintains stability above it, keeping the bullish scenario intact so far, supported by the SMA 50 that protects the mentioned level, along with the Stochastic which gives positive signals on the 4 hour timeframe, awaiting targeting 1316.65 as a next stop .

Keep in mind that a break of 1286.70 will turn the intraday path downward to achieve negative targets of 1262.50 mainly.

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

Support and resistance:

Support: 1286.8-1262.81-1251.32

Resistance: 1301.43-1318.00

The general trend for today is bullish