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There is nothing new in the movement on Aeroflot, as the stock continues to test the 82.00 support level at the end of last week's trading, but it failed to breach this level. The stock returned to the sideways movement it was trading in during the past two weeks, as it tested the key support level of 78.50, which is considered one of the important levels that the price is exposed to.

The price is moving around the moving averages 507-20- which move in one level at the level of 82.00 and constitute the first support levels for the price.

General path of movement: sideway.

The Australian dollar against the US dollar maintains its stability above the support of the ascending channel that appears in the image, and we note that the stochastic indicator starts to cross positively now, waiting for the price to stimulate the resumption of the expected bullish trend for the upcoming period, which initially targets 0.7413.

The MA 50 supports the expected rise, which requires its continuation, stability above 0.7250.

The expected trading range for today is between 0.7260 support and 0.7400 resistance

The expected general trend for today: Bullish

The single currency, the euro, fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the second session in three sessions from its lowest since August 12 against the US dollar on the cusp of unveiling the monthly report of the German central bank amid a scarcity of economic data at the beginning of this week from The US economy accepted the largest in the world and with an eye on Monday's highly anticipated speech by Fed Governor Jerome Powell and members of the Federal Open Market Committee.

At exactly 06:09 GMT, the euro pair rose against the US dollar by 0.19% to 1.1869 levels, compared to opening levels at 1.1847, after the pair achieved its highest level during the session's trading at 1.1872, while it reached its lowest level at 1.1840, knowing that The pair started the session on a rising gap after ending last week’s trading at 1.1840.

Investors are currently awaiting what Fed Governor Jerome Powell will talk via satellite, along with the rest of the FOMC members, about setting the rules for the Community Reinvestment Act, before we witness the Fed’s Deputy Governor and a member of the Federal Market Committee. The Open Lyle Brainard satellite on the Urban Institute Community Reinvestment Act.

Up to the participation of the President of the Federal Reserve Bank of New York and a member of the Federal Open Market Committee, John Williams, in a panel discussion entitled "Economic Justice: Examining the Financial Burden of Inequality and Seeking a Fair Recovery from Covid-19" in the virtual conference of the Black Caucus Foundation of the US Congress, also via satellite.

Technical analysis

The EUR / USD pair has shown sideways and narrow-range trading since last Friday, to continue fluctuating around the resistance of the descending intraday channel, and therefore, there is no change to the bearish trend scenario that depends on stability below 1.1900, waiting for the direction towards 1.1720, which represents our next main target.

Keep in mind that breaching 1.1900 and holding above it will stop the negative scenario and return the price to the main bullish channel again.

The expected trading range for today is between 1.1760 support and 1.1930 resistance.

The expected general trend for today: Bearish.

Futures contracts for gold prices fluctuated in a narrow range slanting to rise during the Asian session amid the decline of the US dollar index according to the inverse relationship between them amid scarce economic data at the beginning of this week by the US economy, the largest economy in the world, and looking forward to the upcoming speech of Monday by Federal Reserve Governor Jerome Powell and members of the Federal Open Market Committee.

At exactly 04:30 am GMT, gold futures contracts for next December delivery rose 0.12% to trade at $ 1,959.70 per ounce, compared to the opening at $ 1,957.30 per ounce, knowing that the contracts started the session on a downward price gap after it was concluded Last week's trading at $ 1,962.10 per ounce, with the US dollar index declining 0.16% to 92.82 compared to the opening at 92.97.

Investors are currently awaiting what Fed Governor Jerome Powell will talk via satellite, along with the rest of the FOMC members, about setting the rules for the Community Reinvestment Act, before we witness the Fed’s Deputy Governor and a member of the Federal Market Committee. The Open Lyle Brainard satellite on the Urban Institute Community Reinvestment Act.

Up to the participation of the President of the Federal Reserve Bank of New York and a member of the Federal Open Market Committee, John Williams, in a panel discussion entitled "Economic Justice: Examining the Financial Burden of Inequality and Seeking a Fair Recovery from Covid-19" in the virtual conference of the Black Caucus Foundation of the US Congress, also via satellite.

This comes hours after the expiry of the FOMC meeting on September 15-16, during which interest rates were kept between zero and 0.25%, the program to purchase Treasury bonds by $ 80 billion per month and mortgage bonds by $ 40. At least monthly, and the disclosure at the time of the expectations of members of the Federal Commission for growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Technical analysis

The price of gold is hovering around the SMA 50, noting that the stochastic indicator is trying to gain positive momentum, waiting to stimulate the price to resume the main bullish trend, which initially targets 1967.90.

In general, we are continuing to suggest the bullish trend for the upcoming period, provided that the price maintains its stability above 1934.86 level, with a reminder that breaching the target level will extend the bullish wave to 2008.80 as a next main station.

The expected trading range for today is between 1935.00 support and 1980.00 resistance.

The expected general trend for today: Bullish.

The US dollar fluctuated in a narrow range tilted towards a decline during the Asian session, to witness its lowest since late July, when it tested its lowest since March 12 against the Japanese yen amid scarce economic data at the beginning of this week by the Japanese economy due to the observance day holiday The elderly in Japan on Monday, on the cusp of the upcoming speech of Fed Governor Jerome Powell and members of the Federal Open Market Committee.

At 06:50 a.m. GMT, the US dollar against the Japanese yen fell by 0.20% to 104.31 levels compared to opening levels at 104.52, after the pair achieved an eight-week low at 104.27, while it achieved its highest in the session at 104.58, Knowing that the pair started trading on a downward gap after closing last week’s trading at 104.57.

Investors are currently awaiting what Fed Governor Jerome Powell will talk via satellite, along with the rest of the FOMC members, about setting the rules for the Community Reinvestment Act, before we witness the Fed’s Deputy Governor and a member of the Federal Market Committee. The Open Lyle Brainard satellite on the Urban Institute Community Reinvestment Act.

Up to the participation of the President of the Federal Reserve Bank of New York and a member of the Federal Open Market Committee, John Williams, in a panel discussion entitled "Economic Justice: Examining the Financial Burden of Inequality and Seeking a Fair Recovery from Covid-19" in the virtual conference of the Black Caucus Foundation of the US Congress, also via satellite.

Technical analysis

The dollar versus yen pair continues to crawl to the downside, reaching the edge of the 104.00 barrier, which supports the continuation of our bearish expectations in the intraday and short term basis, supported by the negative pressure that continues to provide the SMA 50, reminding you that our next main target reaches 103.65.

The breach of 104.20 will make it easier for the price to achieve the aforementioned target, while the continuation of the expected bearish trend requires stability below 105.20.

The expected trading range for today is between 103.50 support and 105.00 resistance.

The expected general trend for today: Bearish.

EURUSD

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

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

Trading recommendations:

Sell when a descending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the ascending wave pattern.

Stop Loss for the local maximum.

Target levels: 1.1829; 1.1757.

The price pivot zone of 239.0 deters sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold situation. The stock is trading in the range of 365 and 135 moving averages. A breakout of 242.70 will result in the formation of an ascending 1-2-3 pattern.

Trading recommendations:

Buy above 242.70.

Stop Loss: 239.00.

Target levels: 247.70; 253.40.

Friday, September 18th, today’s news—the world's total number of the new coronavirus cases hits 30 million, new pandemic spikes caused pessimism in the European markets. The American markets are mixed, the dollar is weaker following the release of negative employment and housing data, oil prices are up after the Saudi energy minister warned OPEC members to stick to the output quotas. The price of Brent oil is $43.50, WTI—$41.12. EUR/USD is at 1.1843 GBP/USD—1.2985, gold is $1,961.35 per ounce.

The Australian dollar fluctuated in a narrow range sloping towards an upward trend during the Asian session to promise its first weekly gains in three weeks against the US dollar amid scarce economic data in the last sessions of this week by the Australian economy and on the cusp of economic developments and data expected today, Friday by the US economy, the largest economy. In the world.

At exactly 03:41 AM GMT, the Australian dollar against the US dollar rose 0.01% to 0.7314 levels compared to opening levels at 0.7313, after the pair achieved its highest level during the session's trading at 0.7334, while the lowest level was at 0.7303.

Investors are awaiting the American economy the release of the current account reading, which may reflect the widening of the deficit to $ 158 billion compared to $ 104 billion during the first quarter of the past, before we witness the release of the leading indicators reading, which may reflect a slowdown in growth to 1.3% compared to 1.4% in July. / July, coinciding with the disclosure of the preliminary reading of the University of Michigan Consumer Confidence Index, which may show an expansion to 75.0 versus 74.1 in August.

This comes hours after the expiry of the FOMC meeting on September 15-16, during which interest rates were kept between zero and 0.25%, the program to purchase Treasury bonds by $ 80 billion per month and mortgage bonds by $ 40. At least monthly, and the disclosure at the time of the expectations of members of the Federal Commission for growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

In the same context, we followed last Wednesday the press conference held by Federal Reserve Governor Jerome Powell, half an hour after the end of the meeting, to comment on the decisions and directions of the committee, which included expectations to remain the leader at zero levels until 2023, in which he expressed the importance of the fiscal stimulus policy To support the economy, as it affirmed the Federal Reserve’s commitment to using all its tools to support the recovery.

Technical analysis

The Australian dollar against the US dollar is stabilizing above the support of the ascending channel, and it gets positive support from the MA 50, to support the chances of achieving potential gains during the upcoming sessions, on its way to test the recently recorded high at 0.7413 initially.

Thus, a bullish bias will be likely for today, keeping in mind that a break of 0.7250 will stop the expected rise and pressure the price to turn to the downside.

The expected trading range for today is between 0.7260 support and 0.7400 resistance

The expected general trend for today: Bullish.

The single currency, the euro, fluctuated in a narrow range sloping to an upside during the Asian session, to witness its rebound for the second consecutive session from the lowest since August 12 against the US dollar on the cusp of economic developments and data expected on Friday by the economies of the eurozone and the US economy the world.

At 06:39 AM GMT, the euro pair rose against the US dollar by 0.03% to 1.1852 levels, compared to opening levels at 1.1848, after the pair achieved its highest level during the session's trading at 1.1862, while it reached its lowest level at 1.1843.

The markets are currently looking forward by the largest economy in the euro area, Germany, to the release of the producer price index reading, which is a preliminary indicator of inflationary pressures, which may show stability at zero levels against a growth of 0.2% last July, and this comes before we witness the disclosure of the current account reading of economies. The euro area as a whole, which may explain the contraction of the surplus to a value of 12.0 billion euros, compared to 20.7 billion euros last June.

Other than that, we followed yesterday the chief negotiator of the European Union for the Brexit file, Michel Barnier, that the coming days will be decisive for the exit negotiations, explaining that the British proposals regarding fisheries give a ray of hope, but they are not sufficient, and that the draft domestic market law in Britain It will make the EU's stance tougher, resurrecting that Brussels still hopes for a trade agreement with London.

It is noteworthy that the negotiations to reformulate future relations between the United Kingdom and the European Union are in a state of stumbling in the wake of Britain's intention to bypass international law by violating the withdrawal agreement it reached with the Union, which provides for the demarcation of the border between England and Northern Ireland, due to the latter's refusal to leave the European Union. The European customs, which Britain seeks to overcome, arguing that it will not allow the division of the United Kingdom.

On the other hand, investors in the US economy are awaiting the release of the current account reading, which may reflect the widening of the deficit to $ 158 billion compared to $ 104 billion in the first quarter, before we witness the release of the leading indicators reading, which may reflect a slowdown in growth to 1.3% versus 1.4%. In July, coinciding with the disclosure of the preliminary reading of the University of Michigan Consumer Confidence Index, which may show an expansion to 75.0 versus 74.1 in August.

This comes hours after the expiry of the FOMC meeting on September 15-16, during which interest rates were kept between zero and 0.25%, the program to purchase Treasury bonds by $ 80 billion per month and mortgage bonds by $ 40. At least monthly, and the disclosure at the time of the expectations of members of the Federal Commission for growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

In the same context, last Wednesday, we followed the press conference held by Federal Reserve Governor Jerome Powell after the end of the meeting to comment on the decisions and directions of the committee, which included expectations to remain the leader at zero levels until at least 2023, in which he expressed the importance of the fiscal stimulus policy to support The economy is confirming the Federal Reserve’s commitment to using all its tools to support the recovery.

Technical analysis

The euro versus dollar provided noticeable positive trades, surpassing the SMA 50, and we note that the rally stopped at the resistance of the bearish intraday channel that appears in the image, in conjunction with the emergence of clear overbought signs through the stochastic indicator, which supports the chances of a rebound to the downside to resume the bearish corrective trend.

Therefore, we expect to witness negative trading today, awaiting a visit to 1.1720 as a next major stop, bearing in mind that breaching 1.1870 will stop the expected decline and stimulate the price to achieve additional gains targeting a test of 1.1910 and then 1.2011 levels as initial positive targets.

The expected trading range for today is between 1.1750 support and 1.1910 resistance.

The expected general trend for today: Bearish.