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#BYD (HKEX)

The overall trend is upward. A false breakout of the support level of 70.30 has formed, after which a hammer (a reversal candlestick pattern) has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator has been indicating an oversold condition for a long time.

Trading recommendations:

Buy when a 1-2-3 ascending pattern is formed.

Stop Loss: local minimum.

Target levels: 77.56; 89.50.

The Australian dollar against the US dollar is fluctuating around the level of 0.7243 and is trying to breach it, to keep the bullish trend scenario valid and effective during the upcoming sessions, supported by the moving average 50, which continues to carry the price from below, waiting to head towards 0.7400 as a next major stop.

On the other hand, we should note that a break of 0.7185 will stop the expected rise and put the price under negative pressure targeting 0.7060 levels initially before any new attempt to rise.

The expected trading range for today is between 0.7200 support and 0.7300 resistance.

The expected general trend for today: Bullish.

The single currency, the euro, fluctuated in a narrow range slanting to an upside during the Asian session, to witness against the US dollar amid scarce economic data from the eurozone economies and ahead of the developments and economic data expected on Wednesday by the US economy, the largest economy in the world.

At exactly 06:53 AM GMT, the euro pair rose against the US dollar by 0.07% to 1.1939 levels, compared to opening levels at 1.1931, after the pair achieved its highest level during the session's trading at 1.1953, while it reached its lowest level at 1.1928.

In addition, investors are awaiting the economies of the euro area as a whole to reveal the current account reading, which may indicate a narrowing of the surplus to a value of 7.0 billion euros compared to 8.0 billion euros in May. Held July 28-29, during which monetary policymakers at the time kept interest rates at zero.

It is noteworthy that Federal Reserve Governor Jerome Powell stressed in the press conference held after the meeting at the time that the Fed was committed to using all its tools to support the recovery and reduce the negative repercussions of the Corona pandemic, and according to the latest figures issued by the World Health Organization, the number of cases infected with the Coronavirus increased to nearly 21.76 million and 771,635 died. People killed in 216 countries.

Technical analysis

The EUR / USD pair confirmed the breach of 1.1908 after closing the daily candlestick above it, which leads the price to achieve more gains in the intraday and short term, organized within the ascending channels that appear on the image, waiting to head towards 1.2060 as a next major station.

The SMA 50 continues to support the expected bullish wave, noting that stability above 1.1908 is important for the upside move to continue, as breaking it will pressure the price to initially test 1.1810 level before any new attempt to rise.

The expected trading range for today is between 1.1850 support and 1.2030 resistance.

The expected general trend for today: Bullish.

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fifth session in nine sessions from its highest ever, with the US dollar index rebounding for the second session from its lowest since late April 2018 according to the inverse relationship between them before developments and data Economic anticipated on Wednesday by the US economy and in light of investor evaluation of the escalation of tensions between the United States and China, the largest consumer of the mineral in the world.

At exactly 05:25 a.m. GMT, gold futures contracts for December delivery fell 0.42% to trade at $ 2,002.20 an ounce compared to the opening at $ 2,010.50 an ounce, knowing that the contracts began trading on a downward price gap after it concluded Yesterday's trading at $ 2,013.10 per ounce, with the US dollar index rising 0.12% to 92.33 compared to the opening at 92.22.

Investors are currently awaiting the US economy. The Federal Reserve unveiled the minutes of the Federal Open Market Committee meeting held on July 28-29, in which monetary policymakers at the Federal Reserve Bank at the time kept short-term reference interest rates at zero levels. Between zero and 0.25%.

Technical analysis

Gold price shows negative trades after it found strong resistance at the 2008.80 barrier, heading towards a possible test of the support floor that it formed above the 1967.90 level after its previous breach, coinciding with the stochastic indicator rid of the negative momentum, waiting for a rebound to the upside to resume the main bullish trend, whose targets begin with a breach 2008.80 to confirm opening the way towards 2074.87.

From here, we will continue suggesting the overall bullish trend, preceded by some temporary decline expected to test the aforementioned support, bearing in mind that breaking this support will pressure the price to achieve more decline and test 1934.86 areas and may extend to 1901.80 before any new attempt to rise.

The expected trading range for today is between 1970.00 support and 2030.00 resistance.

The expected general trend for today: Bullish.

The US dollar fluctuated in a narrow range slanting to an upside during the Asian session, to witness its rebound from its lowest since late July, when it tested its lowest since March 12 against the Japanese yen after developments and economic data that we followed on the Japanese economy before economic developments and data. Expected Wednesday by the US economy, the largest economy in the world, and in the shadow of escalating tensions between Washington and Beijing.

At 07:16 AM GMT, the US dollar against the Japanese yen rose by 0.09% to 105.51 levels compared to the opening levels at 105.41, after the pair achieved its highest level during the session's trading at 105.61, while it achieved its lowest level in three weeks at 105.10.

The Japanese economy followed up on the release of the trade balance index reading, which showed a surplus of 11.6 billion yen compared to a deficit of 269.3 billion yen last June, in contrast to expectations that indicated a narrowing of the deficit to 77.6 billion yen, while the seasonally adjusted reading of the same index showed a contraction The deficit to 34.8 billion yen, compared to 410.9 billion yen in June, also beating expectations that the deficit would widen to 0.44 trillion yen.

This came with the annual reading of exports showed that the decline decreased to 19.2% compared to 26.2% in June, surpassing expectations that indicated a contraction of the decline to 21.0%, while the annual import reading showed the widening decline to 22.3% compared to 14.4%, contrary to expectations that indicated an expansion The decline to 22.3%, and this coincided with the machinery orders index reading showing a 7.6% decline versus a 1.7% rise in May, worse than expectations for a 2.1% rise.

On the other hand, investors are currently awaiting the US economy. The Federal Reserve unveiled the minutes of the Federal Open Market Committee meeting held on July 28-29 in which monetary policy makers at the Federal Reserve Bank at the time kept the short-term reference interest rates at Zero levels are between zero and 0.25%.

It is noteworthy that Federal Reserve Governor Jerome Powell stressed in the press conference held after the meeting at the time that the Fed was committed to using all its tools to support the recovery and reduce the negative repercussions of the Corona pandemic, and according to the latest figures issued by the World Health Organization, the number of cases infected with the Coronavirus increased to nearly 21.76 million and 771,635 died. People killed in 216 countries. 

Technical analysis

The dollar versus the yen succeeded in touching our first awaited target at 105.20, and there is some slight bullish bias affected by the positivity of the stochastic indicator, while the SMA 50 represents negative pressure against the price.

In general, we expect the overall bearish trend to continue to dominate the upcoming trades, and the price needs to break 105.20 to confirm the extension of the downside wave towards 103.65, bearing in mind that failure to achieve the required break will lead the price to achieve intraday gains and test 106.44 before any new attempt to decline.

The expected trading range for today is between 104.80 support and 106.00 resistance.

The expected general trend for today: Bearish.

Sber Bank stock continues moving within the ascending channel, where it managed to breach the resistance (233.10) as we can see in the chart, and settled above it, after it broke the previous resistance 215.70 and confirmed its break.

The current price action is between the support level 233.10 and the resistance level 245.57 over the medium period.

While the main targets will be at the support level 185.80 and the resistance level 239.00.

The 20-50 moving averages are below the price near 221.00 and add pressure on the price for further upside.

General direction of movement: Bullish path.

#ITX (BM)

The overall trend is upward. A false breakout of the support level of 70.30 has formed, after which a hammer (a reversal candlestick pattern) has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator has been indicating an oversold condition for a long time.

Trading recommendations:

Buy above 24.15.

Stop Loss: 22.00.

Target levels: 26.60; 28.56.

The Australian dollar fluctuated in a narrow, rising range during the Asian session against the US dollar, before the economic developments and data that were followed by the Australian economy and on the cusp of economic developments and data expected today, Tuesday, by the US economy, the largest economy in the world.

At exactly 03:27 AM GMT, the Australian dollar against the US dollar rose 0.08% to 0.7220 levels compared to opening levels at 0.7214, after the pair achieved its highest level during the session's trading at 0.7230, while the pair achieved its lowest level at 0.7210.

And we continued, the Reserve Bank of Australia revealed the minutes of its last meeting held on the fourth of this month, during which interest rates for the fifth meeting were fixed at the lowest ever at 0.25%. As expected in advance, however, financial and monetary support is likely to be required for some time, with an emphasis on maintaining the yields of three-year bonds until progress is made towards full employment and inflation.

On the other hand, investors are currently awaiting the US economy to reveal the housing market data, with the release of both the Housing Starts Index and the Building Permit Index, and amid expectations that the building permits reading will reflect an increase to about 1.33 million permits, compared to about 1,226 million permits in June. In the past, the starting house reading may reflect an increase to about 1.23 million homes, compared to about 1.19 million homes in June.

Technical analysis

The Australian dollar against the US dollar resumed its positive trading, reaching the first awaited target at 0.7243, and moving inside the ascending channel that appears on the image, waiting to surpass the aforementioned level to pave the way for an extension of the upside wave towards 0.7400.

Therefore, we will continue suggesting the bullish trend for the upcoming period, provided that the price maintains its stability above 0.7110.

The expected trading range for today is between 0.7170 support and 0.7300 resistance.

The expected general trend for today: Bullish.

The single currency, the euro, fluctuated in a narrow, upward sloping range during the Asian session, to witness its highest since the sixth of August, when it tested its highest since May 15, 2018, against the US dollar amid a scarcity of economic data by the economies of the euro area and on the cusp of developments and data. Economic perspective Tuesday by the US economy, the largest economy in the world.

At exactly 06:09 GMT, the euro pair rose against the US dollar by 0.18% to 1.1891 levels, compared to the opening levels at 1.1870, after the pair achieved its highest level during the session's trading at 1.1897, while it reached its lowest level at 1.1866.

Investors are currently awaiting the US economy to unveil the housing market data with the release of both the Housing Starts Index and the Building Permit Index, and amid expectations that the building permit reading will reflect an increase to about 1.33 million permits, compared to about 1,226 million permits last June. The home start-up reading may reflect an increase to about 1.23 million homes, compared to about 1.19 million homes in June.

Technical analysis

The EUR / USD pair opens the trading day with a noticeable positivity, approaching our first awaited target at 1.1908, and getting continuous positive support from the EMA50, waiting to cross this level to confirm the extension of the bullish wave towards 1.2035, which represents our next main target.

Therefore, we will continue suggesting the bullish trend for the upcoming period, bearing in mind that breaking 1.1845 may pressure the price to decline and visit 1.1737 areas again before any new positive attempt.

The expected trading range for today is between 1.1800 support and 1.1990 resistance.

The expected general trend for today: Bullish.

Gazprom managed to stabilize the movement above the support level of 185.80, and the price reached the upper limit of the descending channel it is moving within. It is currently declining to test support again.

The price is now moving below the 50 average, which constitutes the first level of resistance for the price and halted its upward movement.

While we have major resistance at 202.20 and major support at 158.75.

We see that the stochastic oscillator starts to exit from the overbought area and the movement within a bearish path will therefore press the price to return and test the support 185.80

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.