Analytic reviews

#AIR

The overall trend is upward. The stock is trading in a range of 365 and 135 moving averages. Stochastic Oscillator indicates an oversold condition. A breakout of 70.18 will result in the formation of a 1-2-3 upward pattern.

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

Trading recommendations:

Buy above 70.18.

Stop Loss: 66.85.

Target levels: 73.91; 75.87.

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement to the sixth session in eight sessions from its highest since the ninth of August of 2018 against the US dollar following the developments and economic data that they followed on the Australian economy and on the cusp of developments and upcoming economic data today. Thursday by the US economy the largest in the world.

At exactly 03:25 am GMT, the Australian dollar against the US dollar fell 0.22% to 0.7267 levels, compared to opening levels at 0.7283, after the pair achieved its lowest level during the session's trading at 0.7262, while the highest is at 0.7286.

We have followed up on the Australian economy revealing consumer expectations for inflation for the month of September, with the release of the Melbourne Institute reading of consumer expectations for inflation, which showed a decline to 3.1% compared to 3.3% last August.

On the other hand, investors are currently awaiting the American economy for the release of the aid claims index reading for the past week on the fifth of September, which may reflect a decline by 43,000 requests to 838,000, compared to 881,000 in the previous weekly reading. The continuing aid for the past week, on August 29, decreased by 329,000 to 12,925,000, compared to 13,254,000.

This comes in conjunction with the disclosure of inflation data with the release of the producer price index reading, which is a preliminary indicator of inflation, which may reflect a slowdown in growth to 0.2% compared to 0.6% in July, and the core reading of the same index may also indicate a slowdown in growth to 0.2% compared to 0.5%. While the annual reading of the index may show that the deflation has shrunk to 0.3% from 0.4%, and the core annual reading reflects the stability of growth in August at 0.3%.

This comes before we witness the release of the final reading of the wholesale stocks index, which may confirm a decline of 0.1%, unchanged from the previous initial reading for the month of July, and compared to a decline of 1.4% last June, otherwise, according to the latest figures issued by the World Health Organization The number of cases infected with the Coronavirus has increased to nearly 27.5 million, and 894,983 people have died in 216 countries, and research and experiments are still being conducted with the aim of reaching a vaccine.

Technical analysis

The Australian dollar versus the US dollar provided positive trading yesterday, to test the moving average 50, and we note that the stochastic indicator lost its positive momentum to show clear overbought signs, waiting for the price to stimulate the resumption of the expected downside movement for the upcoming period, which targets 0.7135 then 0.6964 as next major stations.

Thus, the bearish trend scenario will remain valid and effective in the intraday and short term, unless the 0.7330 level is breached and stable above it.

The expected trading range for today is between 0.7200 support and 0.7320 resistance.

The expected general trend for today: Bearish.

Sisco share fell below the level of support 24.27, ending the sideways movement that it was moving within during the past two weeks. The stock fell towards the next support level 39.00.

The trading stabilized below the moving averages, which are pressuring the price for further decline, which supports expectations for further decline in the upcoming sessions, provided that the stability is below the 50-20 averages, which form resistance levels.

The expected trading range is between 38.32 support and 445.20 resistance

The expected general trend for today: Bearish

The single currency, the euro, fluctuated in a narrow, rising range during the Asian session, to witness its rebound for the second consecutive session from the lowest since August 21 against the US dollar on the cusp of economic developments and data expected today, Thursday, from the economies of the euro area and the US economy, which include decisions and directions of the bank The ECB and the upcoming press conference of the ECB Christine Lagarde Governorate.

At 06:34 AM GMT, the euro pair rose against the US dollar by 0.19% to 1.1825 levels, compared to the opening levels at 1.1803, after the pair achieved its highest level during the session's trading at 1.1828, while it reached its lowest level at 1.1801.

The markets are looking forward to France, the second largest economy in the euro area, the release of the industrial production index reading, which may reflect a slowdown in the pace of growth to 5.1% compared to 12.7% last June, before we see Italy, the third largest economy in the region, the release of the index reading itself, which may appear. It also slowed the pace of growth to 3.6%, compared to 8.2% in June.

This comes before we witness the activities of the ECB meeting and the disclosure of the monetary policy statement amid expectations that interest rates will remain at zero levels, leading to the press conference of the European Central Bank Christine Lagarde, who will report to me again later today to make concluding remarks at a virtual banking conference hosted by him German Central Bank.

Other than that, the markets are closely watching the developments of the Brexit file after they entered negotiations on the reformulation of future relations between the two parties following the implementation of the exit on January 31, in a state of stumbling due to the conflicting views between the two sides in several Main points, most notably immigration and the customs union, which opens the way for Britain to leave without an agreement with the European Union on October 15.

On the other hand, investors are currently awaiting the American economy for the release of the aid claims index reading for the past week on the fifth of September, which may reflect a decline by 43,000 requests to 838,000, compared to 881,000 in the previous weekly reading. The continuing aid for the past week, on August 29, decreased by 329,000 to 12,925,000, compared to 13,254,000.

This comes in conjunction with the disclosure of inflation data with the release of the producer price index reading, which is a preliminary indicator of inflation, which may reflect a slowdown in growth to 0.2% compared to 0.6% in July, and the core reading of the same index may also indicate a slowdown in growth to 0.2% compared to 0.5%. While the annual reading of the index may show that the deflation has shrunk to 0.3% from 0.4%, and the core annual reading reflects the stability of growth in August at 0.3%.

This comes before we witness the release of the final reading of the wholesale stocks index, which may confirm a decline of 0.1%, unchanged from the previous initial reading for the month of July, and compared to a decline of 1.4% last June, otherwise, according to the latest figures issued by the World Health Organization The number of cases infected with the Coronavirus has increased to nearly 27.5 million, and 894,983 people have died in 216 countries, and research and experiments are still being conducted with the aim of reaching a vaccine.

Technical analysis

The euro against the dollar is going through a re-test of the broken support of the rising channel that appears in the image, and it is still below it until now, noting that the EMA 50 meets the resistance that was formed at 1.1840 to add more strength to it, while the stochastic indicator loses its positive momentum to reach areas Buying saturation.

Thus, these factors encourage us to suggest the continuation of the bearish trend during the upcoming sessions, which targets testing 1.1720 areas initially, noting that breaching 1.1840 will stop the expected decline and return the price to the main bullish path again.

The expected trading range for today is between 1.1720 support and 1.1880 resistance.

The expected general trend for today: Bearish.

Futures contracts for gold prices fluctuated in a narrow range sloping to an upward trend during the Asian session, to witness their rebound for the third consecutive session from the lowest since August 26, amid the bounce of the US dollar index for the second consecutive session from the high of its 12th of the same month according to the inverse relationship between them on The cusp of economic developments and data expected today, Thursday, from the economies of the euro area, which includes decisions and directions of the European Central Bank, developments and economic data by the US economy, the largest economy in the world.

At exactly 05:24 am GMT, gold futures contracts for next December delivery rose 0.03% to trade at $ 1,955.80 per ounce, compared to the opening at $ 1,955.30 per ounce, knowing that the contracts started the session on a rising price gap after it closed Yesterday's trading at $ 1,954.90 per ounce, with the US dollar index declining 0.09% to 93.17 compared to the opening at 93.25.

The markets are looking forward to France, the second largest economy in the euro area, the release of the industrial production index reading, which may reflect a slowdown in the pace of growth to 5.1% compared to 12.7% last June, before we see Italy, the third largest economy in the region, the release of the index reading itself, which may appear. It also slowed the pace of growth to 3.6%, compared to 8.2% in June.

This comes before we witness the activities of the ECB meeting and the disclosure of the monetary policy statement amid expectations that interest rates will remain at zero levels, leading to the press conference of the European Central Bank Christine Lagarde, who will report to me again later today to make concluding remarks at a virtual banking conference hosted by him German Central Bank.

Other than that, the markets are closely watching the developments of the Brexit file after they entered negotiations on the reformulation of future relations between the two parties following the implementation of the exit on January 31, in a state of stumbling due to the conflicting views between the two sides in several Main points, most notably immigration and the customs union, which opens the way for Britain to leave without an agreement with the European Union on October 15.

On the other hand, investors are currently awaiting the American economy for the release of the aid claims index reading for the past week on the fifth of September, which may reflect a decline by 43,000 requests to 838,000, compared to 881,000 in the previous weekly reading. The continuing aid for the past week, on August 29, decreased by 329,000 to 12,925,000, compared to 13,254,000.

This comes in conjunction with the disclosure of inflation data with the release of the producer price index reading, which is a preliminary indicator of inflation, which may reflect a slowdown in growth to 0.2% compared to 0.6% in July, and the core reading of the same index may also indicate a slowdown in growth to 0.2% compared to 0.5%. While the annual reading of the index may show that the deflation has shrunk to 0.3% from 0.4%, and the core annual reading reflects the stability of growth in August at 0.3%.

This comes before we witness the release of the final reading of the wholesale stocks index, which may confirm a decline of 0.1%, unchanged from the previous initial reading for the month of July, and compared to a decline of 1.4% last June, otherwise, according to the latest figures issued by the World Health Organization The number of cases infected with the Coronavirus has increased to nearly 27.5 million, and 894,983 people have died in 216 countries, and research and experiments are still being conducted with the aim of reaching a vaccine.

Technical analysis

Gold price ended yesterday's trading in a positive note, to settle above the main ascending channel support again, which leads the price to achieve expected gains in the upcoming sessions, supported by the move above the MA 50, waiting to head towards the level of 1967.90 as a first main target.

Thus, the bullish bias will be favorable for today, and the price needs to obtain positive momentum that will contribute to the positive targets that extend to 2008.80 after surpassing the first target, bearing in mind that the continuation of the bullish wave requires stability above 1934.86.

The expected trading range for today is between 1930.00 support and 1970.00 resistance.

The expected general trend for today: Bullish.

The US dollar fluctuated in a narrow range, tilted towards a decline during the Asian session against the Japanese yen, following the developments and economic data we followed on the Japanese economy and on the cusp of economic developments and data expected today, Thursday, by the US economy, the largest economy in the world.

At exactly 06:52 AM GMT, the US dollar against the Japanese yen fell by 0.04% to 106.14 levels compared to the opening levels at 106.18, after the pair achieved its lowest level during the session's trading at 106.06 while achieving its highest at 106.30.

We have followed up on the Japanese economy, the third largest economy in the world and the third largest industrialized country in the world, the disclosure of the machinery orders index reading, which showed a 6.3% rise compared to a 7.6% decline last June, surpassing the expectations that indicated a 2.0% rise, while she explained The annual reading of the same index narrowed the decline to 16.2% compared to 22.5% in June, also surpassing expectations that indicated a contraction of the decline to 18.3%.

On the other hand, investors are currently awaiting the American economy for the release of the aid claims index reading for the past week on the fifth of September, which may reflect a decline by 43,000 requests to 838,000, compared to 881,000 in the previous weekly reading. The continuing aid for the past week, on August 29, decreased by 329,000 to 12,925,000, compared to 13,254,000.

This comes in conjunction with the disclosure of inflation data with the release of the producer price index reading, which is a preliminary indicator of inflation, which may reflect a slowdown in growth to 0.2% compared to 0.6% in July, and the core reading of the same index may also indicate a slowdown in growth to 0.2% compared to 0.5%. While the annual reading of the index may show that the deflation has shrunk to 0.3% from 0.4%, and the core annual reading reflects the stability of growth in August at 0.3%.

This comes before we witness the release of the final reading of the wholesale stocks index, which may confirm a decline of 0.1%, unchanged from the previous initial reading for the month of July, and compared to a decline of 1.4% last June, otherwise, according to the latest figures issued by the World Health Organization The number of cases infected with the Coronavirus has increased to nearly 27.5 million, and 894,983 people have died in 216 countries, and research and experiments are still being conducted with the aim of reaching a vaccine.

Technical analysis

The dollar versus the yen achieved slight gains yesterday to move above the 106.00 barrier, and we note that the stochastic indicator shows clear overbought signs now, in addition to a negative crossover sign that we expect the price to resume negative trades during the coming sessions, so that the bearish trend scenario remains valid and effective in the long run. The intraday and the short, which its next main target is at 105.20.

Note that the continuation of the suggested bearish wave depends on stability below 106.44.

The expected trading range for today is between 105.40 support and 106.50 resistance.

The expected general trend for today: Bearish.

NZDCHF

The overall trend is upward. The moving average of CCI broke through the level of 100, followed by the assumed correction. Stochastic Oscillator signals an oversold condition. A breakout of the resistance level of 0.6108 will result in the formation of a 1-2-3 ascending pattern.

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

Trading recommendations:

Buy above 0.6108.

Stop Loss: 0.6062.

Target levels: 0.6147; 0.6175.

EURUSD

The pair turned upwards amid strong demand for risk assets, while a positive outlook for the eurozone economy is expected from Christine Lagarde. The ECB isn’t expected to change its monetary policy, which will support the single currency, considering the possible optimism from the President of the European regulator.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving averages intersect and suggest buying. RSI has crossed the level of 50%, which also suggests buying. Stoch also grow.

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

Trading recommendations:
Buy the pair after it goes above 1.1840 with a possible further increase to 1.1900.

Wednesday, September 9th, today’s news—stocks of American tech companies continue to drop, Treasury yields are also down. European markets and the US dollar are stronger, oil is falling due to weak demand. The price of Brent oil is $40.26, WTI—$37.39. EUR/USD is at 1.1762 GBP/USD—1.2941, gold is $1,938.50 per ounce.

The Australian dollar against the US dollar achieved a clear break to support the ascending channel that appears on the image and settled below it, leading the price to start a downside correction to the rally that started from 0.5509 areas, on its way to head towards 0.6964 as a next main target.

Consequently, the bearish trend will be likely during the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on stability below 0.7320.

The expected trading range for today is between 0.7140 support and 0.7280 resistance.

The expected general trend for today: Bearish.