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#AA

The stock is trading in the range of the lower border of the ascending price channel. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition. A breakout of 12.20 will result in the formation of an ascending 1-2-3 pattern.

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

Trading recommendations:

Buy above 12.20.

Stop Loss: 10.84.

Target levels: 13.66; 15.90.

Monday, October 5th, today’s news—service sector data in the eurozone shows weak recovery in September. Optimistic update on the health condition of the US President incited a rise in the American and European markets, Dow is up more than 160 points, oil rises. The price of Brent oil is $40.66, WTI—$38.56, EUR/USD is at 1.1749, GBP/USD—1.2943, gold is $1,903.30 per ounce.

The Australian dollar against the US dollar is now testing the pivotal resistance 0.7190, accompanied by the loss of positive momentum by the stochastic indicator, waiting to stimulate the price to resume negative trades, targeting 0.7100 then 0.6964 as the next major stations.

Therefore, we will continue suggesting the bearish trend for the upcoming period, noting that breaching 0.7190 will stop the expected decline and lead the price to achieve additional gains and head towards 0.7270 then 0.7413 as the main positive targets.

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

The expected general trend for today: Bearish.

Aeroflot confirmed the breach of the support 78.50 and reached the level of 68.30, after it managed to breach the support level 82.00 before that.

The price is moving below the moving averages 507-20- which move in a bearish order above the price near the 78.50 resistance level and pressurize the price for further decline.

The stochastic oscillator has entered the oversold area and is moving within this area within a sideways path, therefore we may see a further drop in the price.

General path of movement: a downward path.

Gold futures declined to witness a rebound for the second consecutive session from the highest since September 22, overlooking the bounce of the US dollar index for the fifth session in seven sessions from its highest since July 24, according to the inverse relationship between them on the cusp of developments and upcoming economic data Monday, by the US economy, the world's largest economy, amid markets ’assessment of US President Donald Trump's health and developments related to the upcoming US stimulus package.

At 04:23 a.m. GMT, gold futures contracts for December delivery fell 0.64% to trade at $ 1,898.70 an ounce compared to the opening at $ 1,910.90 an ounce, knowing that the contracts started the session on a rising price gap after it was concluded Last week's trading was at $ 1,907.60 per ounce, while the US dollar index fell 0.13% to 93.75 compared to the opening at 93.87.

Investors are currently awaiting the market is looking to reveal the final reading of the Institute of Service Provisioning Index by Markit on the United States, which may reflect the stability of the expansion at a value of 54.6, with little change from what it was in the preliminary reading for the past month and compared to an expansion of 55.0 last August. .

This comes before the US economy witnesses the release of the Institute for Service Provision Index reading, the importance of which lies in the fact that the service sector accounts for more than two-thirds of the US gross domestic product, which may explain the contraction of the expansion to a value of 56.3 compared to 56.9 in August.

Otherwise, we followed the report that touched on the fact that US President Donald Trump is close to recovering from his infection with the Coronavirus, as the US President's doctor, Dr. Sean Connelly, said yesterday that his condition has improved and he could be discharged from the hospital later today, Monday.

Otherwise, the markets are looking forward to the start of the activities of the Eurogroup meetings, which are attended by the finance ministers of the member states in the region, the Commissioner for Economic and Monetary Affairs and the European Central Governorate, which discuss many financial issues, and this comes in conjunction with the continuation of the European Union and Britain's negotiations regarding the latter's exit from it.

Technical analysis

Gold price was not able to hold for long above the level of 1901.80, as it encountered a strong resistance barrier at 1911.00 that forced it to rebound to the downside to settle below the first level, which re-activates the bearish trend scenario on the intraday basis, which targets 1877.00 then 1860.80 as next major stations.

Therefore, the bearish bias will be favorable for today, and the price needs to break 1895.00 to facilitate the task of heading towards the aforementioned targets, bearing in mind that the continuation of the bearish wave depends on stability below 1901.80 and 1911.00 levels.

The expected trading range for today is between 1870.00 support and 1915.00 resistance

The expected general trend for today: Bearish.

The US dollar fluctuated in a narrow, bullish range during the Asian session, as we witnessed its retracement of the second session from its lowest since September 23 against the Japanese yen amid scarcity of economic data early this week by the Japanese economy.

And on the cusp of economic developments and data expected today, Monday, by the US economy, the largest economy in the world, and amid market assessments of the developments in the health of US President Donald Trump and developments related to the upcoming US stimulus package.

At exactly 06:53 am GMT, the US dollar against the Japanese yen rose by 0.22% to 105.57 levels compared to the opening levels at 105.34, after the pair achieved its highest level during the session's trading at 105.61, while the pair achieved its lowest level at 105.28, with Knowing that, the pair started the session with a rising gap, after ending last week’s trading at 105.29 levels.

Investors are currently awaiting the market is looking to reveal the final reading of the Institute of Service Provisioning Index by Markit on the United States, which may reflect the stability of the expansion at a value of 54.6, with little change from what it was in the preliminary reading for the past month and compared to an expansion of 55.0 last August.

This comes before the US economy witnessed the release of the Institute for Service Provision Index reading, the importance of which lies in the fact that the service sector accounts for more than two-thirds of the US gross domestic product, which may explain the contraction of the expansion to a value of 56.3 compared to 56.9 in August.

Technical analysis

The dollar versus yen pair was subjected to negative pressure in the past sessions to attack 105.20, but it quickly rebounded to settle above the EMA 50, which keeps the bullish trend scenario valid and effective for the upcoming period, which mainly targets 106.44.

Note that stability above 105.20 is important for the expected upside move to continue.

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

The expected general trend for today: Bullish.

USDCAD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending H2 level pattern is currently truncated, a "double bottom" pattern is forming, an extended bullish divergence is also forming on Awesome Oscillator.

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

Trading recommendations:

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

Stop Loss at the local minimum (1.3265).

Target levels: 1.3350; 1.3416.

#GAZPROM

The inclined channel of the descending pattern is broken. Awesome Oscillator shows a bullish divergence. Stochastic Oscillator indicates an oversold condition. A breakout of the price pivot zone of 170.0 will result in the formation of an ascending pattern of 1-2-3.

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

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed above 170.00.

Stop Loss at the local minimum (167.30).

Target levels: 175.32; 184.30.

USDCAD

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending H2 level pattern is currently truncated, a "double bottom" pattern is forming, an extended bullish divergence is also forming on Awesome Oscillator.

Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are entering the oversold zone.

The USDCAD rate online: monitor the price movement in real time.

Trading recommendations:

Sell the pair with its probable decline to 1.3230.

Friday, October 2nd, today’s news—the president of the US Donald Trump tests positive for the coronavirus. European and American markets reacted with a decline, oil prices and Treasury yields dropped, while the dollar and the yen are up as risk appetite slips, gold prices also rise. The price of Brent oil is $39.61, WTI—$37.41, EUR/USD is at 1.1713, GBP/USD—1.2939, gold is $1,913.50 per ounce.