Analytic reviews

Gazprom share started to rise after it reached the lower limit of the descending channel in which it was moving, and it reached the resistance level at the moving average level 50. After crossing several resistance levels.

While we have major resistance at 173.64 and key support at 158.75.

We notice that the stochastic indicator reached from the overbought area and this coincides with the price reaching the target within the descending channel within which it is moving, so we may see a bearish correction in the price.

The price action will be between the support level 145.75 and the resistance level 170.20.

The general direction of the movement is bearish.

#EBAY

The overall trend is upward. The support level of 47.00 is holding back sellers. Stochastic Oscillator signals an oversold condition, while Awesome Oscillator indicates a bullish divergence.

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

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper border of the descending price channel.

Stop Loss under the support level of 47.00.

Target levels: 54.00; 57.80.

GBPUSD

The ascending pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals an overbought condition.

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

Trading recommendations:

Sell when a descending wave pattern is formed, where wave A breaks through the inclined channel of the ascending truncated pattern.

Stop Loss beyond the local maximum (1.3210).

Target levels: 1.3050; 1.2940.

AUDUSD

The pair is trading above 0.7270. It’s supported by the overall demand for risk assets, while it’s expected that China–Australia trade will benefit as the relationship between Beijing and Washington is normalized.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is turning up. Stoch also indicate the possibility of an upward reversal.

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

Trading recommendations:

Buy the pair with a possible growth to 0.7345.

Monday, November 9th, today’s news—Joe Biden is elected President in the US, Dow futures up more than 300 points, total COVID-19 cases in America exceed 10 million. Eureopan and Asian markets also reacted positively, dollar is weaker, investors turn to risk assets. The price of Brent oil is $40.41, WTI—$38.12, EUR/USD is at 1.1883, GBP/USD—1.3159, gold is $1,960.80 per ounce.

The single currency, the euro, fluctuated in a narrow range that tends to rise during the Asian session, to witness the highest since September 15th against the US dollar on the cusp of economic developments and data expected today, Monday by the economies of the euro area, which includes the speech of the European Central Bank, Christine Lagarde, at the summit Green Horizons via satellite and amid scarce economic data early this week by the US economy, the world's largest.

At 06:24 AM GMT, the euro pair rose against the US dollar by 0.10% to 1.1894 levels compared to the opening levels at 1.1882, after the pair achieved its highest level in eight weeks during the session's trading at 1.1896, while it achieved its lowest level during the session's trading session. At 1.1876, knowing that the pair started the session with a rising gap after ending last week’s trading at 1.1874.

The markets are looking forward to the disclosure by Germany, the largest economy of the euro area, of the seasonally adjusted reading of the trade balance index, which may show the expansion of the surplus to a value of 17.2 billion euros compared to 15.7 billion euros last August, and this comes before we witness the economies of the eurozone as a whole. The reading of the Sentex consumer confidence index, which shows the expansion of the contraction to a value of 15.0 versus 8.3 in September.

On the other hand, investors are currently awaiting the American economy, what will be revealed by a member of the Federal Open Market Committee and President of the Cleveland Federal Reserve, Loretta Meester, in a virtual financial technology conference hosted by the Philadelphia Federal Reserve, and it is mentioned that the Federal Reserve last week kept interest rates for the meeting The sixth is at its lowest ever, between zero and 0.25%.

Technical analysis

The EUR / USD pair continues to provide positive trading, to reach our first target of 1.1900, and we believe that the road is open for more gains in the coming sessions, reminding you that our next main target will reach 1.2011.

Thus, the bullish trend scenario will remain valid and effective in the intraday and short term, supported by the EMA50, bearing in mind that the continuation of the bullish wave requires stability above 1.1785, and most importantly above 1.1720.

The expected trading range for today is between 1.1800 support and 1.2000 resistance

The expected general trend for today: Bullish

Futures contracts for gold prices fluctuated in a narrow range sloping to an upward trend during the Asian session, to witness the highest since September 18, with the US dollar index dropping to its lowest since the beginning of the same month, when the lowest was tested since late April of 2018 according to the inverse relationship Between them, amid scarce economic data on Monday by the US economy, the largest in the world.

At exactly 05:53 am GMT, the futures contract for gold prices for next December delivery rose 0.44% to trade at $ 1,964.70 per ounce, compared to the opening at $ 1,956.00 per ounce, knowing that the contracts started the session on a rising price gap after trading concluded Last week, at $ 1,951.70 per ounce, with the US dollar index declining 0.07% to 92.17 compared to the opening at 92.24.

Investors are currently awaiting the US economy what will be revealed by a member of the Federal Open Market Committee and President of the Cleveland Federal Reserve, Loretta Meester, at a virtual financial technology conference hosted by the Philadelphia Federal Reserve, and it is mentioned that the Federal Reserve last week maintained interest rates for the sixth meeting on The succession is at its lowest level, between zero and 0.25%.

Other than that, we watched over the weekend that Democratic candidate Joe Biden won in the US presidential elections 290 electoral votes, more than 270 votes, to win the elections and for the forty-sixth US president to succeed Republican US President Donald Trump, whose term ends on 20 of Next January, which until now has not admitted his defeat, claiming that it is "not over" and is studying the legal procedures for recounting the votes in some US states where he did not exceed his defeat by one percent against Biden.

Technical analysis

Gold price shows more bullish tendency to approach the awaited target at 1967.90, and by looking closely at the chart, we find that the price has completed forming a double bottom pattern with positive targets extending to 2008.80, which means that the price is on its way to surpass the first level and achieve more potential gains during Next sessions.

Consequently, we will continue suggesting the bullish trend in the intraday and short term, supported by the MA 50, noting that breaking 1934.86 will stop the suggested ascend and pressure the price to turn towards the downside.

The expected trading range for today is between 1940.00 support and 1990.00 resistance

The expected general trend for today: Bullish

Aeroflot continues its descending path after breaching the support 68.30 and moving towards the level of 50.60, which is the target for the downside movement.

The price continues moving below the moving averages 507-20- which moves in a bearish order above the price near the 68.31 resistance level and pressures the price for further decline.

The stochastic oscillator is trying to exit the oversold zone in an attempt to stop the price drop.

General path of movement: a downward path.

#INTC

The historic support level of 43.70 held back sellers. Stochastic Oscillator signals oversold conditions. A breakout of 46.09 will result in the formation of a 1-2-3 ascending pattern.

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

Trading recommendations:

Buy on breakout of 46.09.

Stop Loss: 43.70.

Target levels: 48.64; 54.65.

GBPSEK
The currency pair is located at the lower border of a flat range. The descending H4 level pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
GBPSEK rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending wave pattern is formed, where wave A breaks through the inclined channel of a descending truncated pattern.

Stop Loss: 11.3300.

Target levels: 11.4473; 11.5847.