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#MAGNIT
The support level of 4850,0 discourages sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
#MAGNIT rate online: monitor the price movement in real time.


Trading recommendations:
Buy when an ascending wave pattern is formed.
Stop Loss under ...

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#MAGNIT
The support level of 4850,0 discourages sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
#MAGNIT rate online: monitor the price movement in real time.


Trading recommendations:
Buy when an ascending wave pattern is formed.
Stop Loss under the support level 4850.0.
Target levels: 4948.0; 5112.0.

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GBPJPY

The overall trend is downward. The ascending pattern showed a bearish divergence on Awesome Oscillator, and an overbought condition on Stochastic Oscillator. A breakout of 135.85 will result in the formation of a 1-2-3 descending pattern.

GBPJPY rate online: monitor the price movement in real tome.

Trading recommendations:

Sell ...

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GBPJPY

The overall trend is downward. The ascending pattern showed a bearish divergence on Awesome Oscillator, and an overbought condition on Stochastic Oscillator. A breakout of 135.85 will result in the formation of a 1-2-3 descending pattern.

GBPJPY rate online: monitor the price movement in real tome.

Trading recommendations:

Sell below 135.85.

Stop Loss: 137.44.

Target levels: 135.05; 133.12.

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EURUSD

The pair found support at 1.1730 and may resume growth. Higher expectations of new stimulus package from the ECB may support the pair. However, if the sentiment in the stock market turns negative after Trump’s decision not to support new stimulus proposals by Republicans, the pair may continue its ...

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EURUSD

The pair found support at 1.1730 and may resume growth. Higher expectations of new stimulus package from the ECB may support the pair. However, if the sentiment in the stock market turns negative after Trump’s decision not to support new stimulus proposals by Republicans, the pair may continue its corrective decline.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and moves horizontally. Stoch are in the oversold zone.

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

Trading recommendations:

The pair may rise to 1.1800 due to positive sentiment in the European stock market, or drop to 1.1700 if the sentiment turns negative after dropping below 1.1730.

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Tuesday, October 6th, today’s news—European markets are lower as the healthcare and tech sectors weaken, profitability of the eurozone banks fall. The dollar falls amid the rising risk appetite, American markets await the statement from the Fed's head Jerome Powell. The price of Brent oil is $41.70, WTI—$39.60, EUR/USD is at 1.1786, ...

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Tuesday, October 6th, today’s news—European markets are lower as the healthcare and tech sectors weaken, profitability of the eurozone banks fall. The dollar falls amid the rising risk appetite, American markets await the statement from the Fed's head Jerome Powell. The price of Brent oil is $41.70, WTI—$39.60, EUR/USD is at 1.1786, GBP/USD—1.2989, gold is $1,918.75 per ounce.

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The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound to the sixth session in eight sessions, from its lowest since July 20 against the US dollar, following the developments and economic data that they followed on the Australian economy ...

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The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound to the sixth session in eight sessions, from its lowest since July 20 against the US dollar, following the developments and economic data that they followed on the Australian economy and amid looking forward to the decisions and directions of the Central Bank of Australia and on the threshold of Economic developments and data expected today, Tuesday, by the US economy, the largest economy in the world, which includes speeches by Federal Reserve Governor Jerome Powell and members of the Federal Open Market Committee.

 

At exactly 03:59 am GMT, the Australian dollar against the US dollar rose 0.11% to 0.7189 levels compared to opening levels at 0.7181, after the pair achieved its highest level during the session's trading at 0.7195, while it achieved the lowest level at 0.7174.

 

We followed up on the Australian economy the issuance of the Trade Balance Index reading, which showed a contraction of the surplus to a value of 2.64 billion Australian dollars compared to 4.65 billion Australian dollars last July, worse than expectations that indicated the expansion of the surplus to 5.05 billion Australian dollars, and this came in conjunction with The release of the employment announcements index, which showed growth accelerating to 7.8%, compared to 2.6% in August.

 

This comes as the market is currently anticipating the decisions and directions of monetary policy makers at the Reserve Bank of Australia, and the Reserve Bank of Australia revealed the statement of short-term reference interest rates amid expectations that the short-term reference interest rates for the seventh meeting in a row will be fixed at the lowest ever at 0.25%. And that is before we witness the Australian Treasury unveiling the annual budget.

 

On the other hand, investors are currently awaiting the American economy for the release of the merchandise trade balance reading, which may explain the widening of the deficit to a value of $ 66.2 billion compared to $ 63.6 billion last July, before we witness the release of the statistics on job opportunities and job turnover, which It may reflect a decline to about 6.50 million, compared to 6.62 million in July.

 

This comes, before we witness via satellite the speech of Fed Governor Jerome Powell about the economic outlook at the annual meeting of the National Association for Business Economics, and before the members of the Federal Open Market Committee each of Philadelphia Federal Reserve Bank President Patrick Harker talk about education at a seminar hosted by the Interconnection Center Global, and Dallas Fed President Robert Kaplan on America and the global economy.

Technical analysis 

The Australian dollar versus the US dollar did not show any strong movement since yesterday, and as long as the price is below 0.7190, the bearish trend scenario will remain likely during the upcoming sessions, which targets 0.7100 then 0.6964, noting that breaching 0.7190 will stop the suggested decline and lead the price to shift Towards the rise.

The expected trading range for today is between 0.7130 support and 0.7230 resistance

The expected general trend for today: Bearish.

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Gold futures fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second consecutive session from its highest since September 22, overlooking the bounce of the US dollar index for the sixth session in eight sessions from its highest since July ...

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Gold futures fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second consecutive session from its highest since September 22, overlooking the bounce of the US dollar index for the sixth session in eight sessions from its highest since July 24, according to The inverse relationship between them on the cusp of developments and economic data expected today, Tuesday, by the US economy, the largest economy in the world, which includes the speech of Federal Reserve Governor Jerome Powell and the members of the Federal Open Market Committee.

 At 04:31 AM GMT, gold futures contracts for December delivery fell 0.08% to trade at $ 1,916.20 an ounce compared to the opening at $ 1,917.80 an ounce, knowing that the contracts started the session on a downward price gap after it was concluded Yesterday's trading was at $ 1,920.10 per ounce, while the US dollar index fell 0.03% to 93.40 compared to the opening at 93.42.

Investors are currently awaiting the American economy to release a reading of the trade balance for goods, which may explain the widening of the deficit to a value of $ 66.2 billion compared to $ 63.6 billion last July, before we witness the release of a statistical reading of employment opportunities and job turnover, which may reflect a decline. To about 6.50 million, compared to about 6.62 million in July.

This comes, before we witness via satellite the speech of Fed Governor Jerome Powell about the economic outlook at the annual meeting of the National Association for Business Economics, and before the members of the Federal Open Market Committee each of Philadelphia Federal Reserve Bank President Patrick Harker talk about education at a seminar hosted by the Interconnection Center Global, and Dallas Fed President Robert Kaplan on America and the global economy.

Other than that, we watched yesterday the exit of US President Donald Trump from Walter Reed Military Hospital and his return to the White House after receiving treatment for the Coronavirus, and it is reported that Trump was transferred to the hospital last Friday after announcing that he and his wife Melania were infected with the coronavirus, and we would like to point out that the doctor team is for President Trump. Yesterday it was reported that the president's condition "has continued to improve" over the past 24 hours.

In another context, we followed yesterday the Democratic US House Speaker Nancy Pelosi talking with US Treasury Secretary Stephen Mnuchin over the phone to discuss opportunities for a second stimulus package to address the repercussions of the Corona pandemic, and it is expected that they will resume their talks later today, and it is reported that Pelosi noted last Sunday. "We are making progress" on the stimulus package, which includes the resumption of some unemployment benefits that were suspended in July.

 

We would like to point out that the Republican US President Trump called through his tweet to him Sunday via his Twitter account to "work together" and complete the stimulus package, and this comes hours after the House of Representatives approved last Thursday a bill for a financial stimulus package worth $ 2.2 trillion supported by Democrats, However, the bill was notably rejected by Republicans.

Technical analysis

  

The bullish gold price rally stopped at the resistance line that appears in the chart above, to start providing negative trades indicating that the price is heading towards resuming the short-term bearish trend, supported by the negative crossover signal now provided by the stochastic indicator, waiting to break the 1901.80 level to facilitate the task of heading towards our main targets That starts at 1877.00 and then 1860.80.

Thus, we expect to witness negative trading in the upcoming sessions, unless the 1918.00 level is breached and stability above it.

The expected trading range for today is between 1880.00 support and 1925.00 resistance.

The expected general trend for today: Bearish.

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The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its rebound for the second session from its high since late last September against the Japanese yen amid a scarcity of economic data at the beginning of this week by the Japanese ...

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The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its rebound for the second session from its high since late last September against the Japanese yen amid a scarcity of economic data at the beginning of this week by the Japanese economy and on the cusp of economic developments and data expected today, Tuesday, before The US economy is the largest economy in the world, which includes the speeches of Federal Reserve Governor Jerome Powell and the members of the Federal Open Market Committee.

 

At exactly 06:59 AM GMT, the US dollar against the Japanese yen fell by 0.08% to 105.67 levels compared to the opening levels at 105.74, after the pair achieved its lowest level during the session's trading at 105.62, while the pair achieved its highest at 105.79.

 

Investors are currently awaiting the American economy’s anticipating the release of the merchandise trade balance reading, which may explain the widening of the deficit to a value of $ 66.2 billion compared to $ 63.6 billion last July, before we witness the release of a statistical reading of job opportunities and job turnover, which may reflect Down to about 6.50 million, compared to about 6.62 million in July.

 

This comes, before we witness via satellite the speech of Fed Governor Jerome Powell about the economic outlook at the annual meeting of the National Association for Business Economics, and before the members of the Federal Open Market Committee each of Philadelphia Federal Reserve Bank President Patrick Harker talk about education at a seminar hosted by the Interconnection Center Global, and Dallas Fed President Robert Kaplan on America and the global economy.

 

Other than that, we followed yesterday the exit of US President Donald Trump from Walter Reed Military Hospital and his return to the White House after receiving treatment for the Coronavirus, and it is reported that Trump was transferred to the hospital last Friday after announcing that he and his wife Melania had contracted the coronavirus, and we would like to point out that President Trump's medical team Yesterday it was reported that the president's condition "has continued to improve" over the past 24 hours.

 

In another context, we followed yesterday the Democratic US House Speaker Nancy Pelosi talking with US Treasury Secretary Stephen Mnuchin over the phone to discuss opportunities for a second stimulus package to face the repercussions of the Corona pandemic, and it is expected that they will resume their talks later today, and it is reported that Pelosi noted last Sunday. "We are making progress" in the stimulus package, which includes the resumption of some unemployment benefits that were suspended in July.

 

We would like to point out that the Republican US President Trump called through his tweet to him Sunday via his Twitter account to "work together" and complete the stimulus package, and this comes hours after the House of Representatives approved last Thursday a bill for a fiscal stimulus package worth $ 2.2 trillion supported by Democrats However, the bill was notably rejected by Republicans by Democrats.

Technical analysis

  

The dollar versus yen has shown sideways and narrow-range trading since yesterday, stabilizing around 105.65, and therefore, there is no change to the bullish trend scenario that depends on stability above 105.20, pending a test of 106.44 level, bearing in mind that the current negativity of the stochastic indicator may pressure the price. To provide temporary negative trades before resuming the expected rise.

The expected trading range for today is between 105.00 support and 106.30 resistance.

The expected general trend for today: Bullish.

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Gazprom stabilized below the support level 186.00, as it continues to move within the descending channel that is shown on the chart.

The price is now moving below the 20 to 50 averages that form resistance levels and pressurize it to decline.

While we have major resistance at 202.70 and ...

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Gazprom stabilized below the support level 186.00, as it continues to move within the descending channel that is shown on the chart.

The price is now moving below the 20 to 50 averages that form resistance levels and pressurize it to decline.

While we have major resistance at 202.70 and major support at 158.75.

We see that the stochastic indicator is trying to exit the oversold area and return to the upside towards the overbought area and start moving within an upward path. This coincides with the price reaching the lower bound of the descending channel within which it is moving, so we may see an upward correction in the price.

The price action will be between the support level 158.75 and the resistance level 202.20.

The general direction of the movement is bearish.

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AUDUSD

There’s a possibility of a local reversal before the pair attempts to rise again ahead of today’s statements from Christine Lagarde and Jerome Powell.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is under the oversold zone and is ...

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AUDUSD

There’s a possibility of a local reversal before the pair attempts to rise again ahead of today’s statements from Christine Lagarde and Jerome Powell.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is under the oversold zone and is turning down. Stoch are exiting the oversold zone

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

Trading recommendations:

The pair may correct to 1.1740.

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NZDUSD
The overall trend is downward, as indicated by the 365 and 135 EMA. A double top pattern has formed, confirmed by an extended divergence on Awesome Oscillator. Moving averages of Stochastic Oscillator are located in the overbought zone.

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

Trading ...

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NZDUSD
The overall trend is downward, as indicated by the 365 and 135 EMA. A double top pattern has formed, confirmed by an extended divergence on Awesome Oscillator. Moving averages of Stochastic Oscillator are located in the overbought zone.

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

Trading recommendations:

Buy when a descending wave pattern is formed, where the wave (aС) breaks through the inclined channel of the ascending wave H2 level pattern.

Stop Loss: beyond the resistance level 0.6657.

Target levels: 0.6570; 0.6512.

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