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The dollar against the yen is testing the resistance line that appears in the above chart and maintains its stability below it, which keeps our bearish expectations valid for the upcoming period, waiting for the direction towards 105.20 as a first major stop.

We note that breaking 105.75 will make it easier for the price to achieve the aforementioned target, while stability below 106.44 is a prerequisite for the continuation of the expected decline.

The expected trading range for today is between 105.20 support and 106.20 resistance.

The expected general trend for today: Bearish.

AUDUSD

The overall trend is upward. The descending (red) wave pattern is truncated and has ended with the breakout of an inclined channel. A breakout of the resistance level of 0.7185 will result in the formation of an ascending wave pattern within the overall uptrend. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator shows an exit from the oversold zone.

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

Trading recommendations:

Buy at 0.7185.

Stop Loss: 0.7140.

Target levels: 0.7238; 0.7320.

USDCAD 

The pair is trading in a short-term downtrend amid the rising oil prices and the overall growth in demand for risk assets in the markets. If this sentiment persists, the pair will fall further.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. The moving averages suggest selling. RSI below the 50% level also signals a likely further decline in the price. Stoch are not informative.

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

Trading recommendations:

The pair is below 1.3335, which will lead to a decline to 1.3245, and then to 1.3200.

E. ON (XETRA)

The price pivot zone of 9.80 is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition

Trading recommendations:

Buy above 9.98.

Stop Loss: 9.80.

Target levels: 10.15; 10.80.

Aeroflot Russian stock continues to decline after it failed to stabilize above the resistance level 86.50, to bounce back down below the mentioned resistance. 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 moves around the level of the 50-20 moving averages, which form the first support levels for the price and prevent it from falling further.

The stochastic oscillator gives a sign of a bullish movement after it exited the oversold area, thus it will try to pressure the price to return to the sideways path, on condition of re-breaching the support level 86.50.

The stock can be bought with a retest of the support level 86.50, and targets will be 94.90-101.20 and a stop loss below 82.70

The Australian dollar against the US dollar faced negative pressure in the past sessions to move around the EMA 50, noting that recent trades are confined within an intraday bullish channel that appears in the image, and the stochastic oscillator begins to cross positively now, to stimulate the price to try to return to rise again and return to the channel Main ascending.

From here, we expect to witness positive trading during the upcoming sessions, provided that the price maintains stability above 0.7125, noting that the next main target reaches 0.7290.

The expected trading range for today is between 0.7100 support and 0.7240 resistance.

The expected general trend for today: Bullish.

The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to reflect the resumption of the gains rallies, which were halted in the last sessions of last week for the first time in four sessions against the US dollar before the developments and economic data expected on Monday by the economies of the euro area and the US economy, the largest economy in the world.

At exactly 05:22 AM GMT, the euro pair rose against the US dollar by 0.05% to 1.1794 levels, compared to opening levels at 1.1788, after the pair achieved its highest level during the session's trading at 1.1798, while it reached its lowest level at 1.1774, knowing that, The pair started the session on a rising gap after ending last week’s trading at 1.1787 levels.

Markets are looking to the economies of the euro area as a whole to unveil the Sentix consumer confidence index, which shows the contraction of the contraction to a value of 16.0, compared to a value of 18.2 in the previous reading for the month of July.

On the other hand, investors are currently awaiting the American economy for the release of a statistical reading on employment opportunities and job turnover, which may reflect a decline to about 5.30 million compared to about 5.40 million last May, and this comes in the wake of the labor market data showed at the end of last week, a decline The unemployment rate rose to 10.2%, compared to 11.1 in June.

In the same context, last Friday's reading of the employment change index for sectors other than agricultural showed about 1,763 thousand jobs added compared to 4,791 thousand added jobs, which was revised from about 4.8 million jobs added in June, while the average hourly income index reading reflected an increase. 0.2% against a decline of 1.3%, beating expectations that the decline would narrow to 0.5%.

Technical analysis

The EUR / USD pair has come close to our awaited target at 1.1737 and started to rebound to the upside, to provide indications on the price's direction to resume the main bullish trend, on its way to test the recently recorded high at 1.1908 as a first positive station.

Therefore, a bullish trend will be expected for today, supported by the positivity of the stochastic indicator, noting that breaching 1.1820 will facilitate the pair's task in achieving the awaited target, while the suggested ascend will remain valid unless breaking 1.1737 level and holding below it.

The expected trading range for today is between 1.1737 support and 1.1900 resistance.

The expected general trend for today: Bullish.

Futures contracts for gold prices fluctuated in a narrow range tending to decline during the Asian session, to witness its rebound for the second consecutive session from the highest ever, overlooking the decline of the US dollar index according to the inverse relationship between them after developments and economic data that we followed about the Chinese economy, the largest consumer of metals in the world and before developments And economic data expected today, Monday, by the US economy, the largest economy in the world, and with investors' evaluation of the escalation of tensions between Washington and Beijing.

At 04:18 a.m. GMT, gold futures contracts for December delivery fell 0.25% to trade at $ 2,039.70 an ounce compared to the opening at $ 2,044.80 an ounce, knowing that the contracts started the session on a rising price gap after it concluded Last week's trading was at $ 2,028.00 per ounce, while the US dollar index declined 0.08% to 93.33 compared to the opening at 93.40.

We have followed the disclosure of the Chinese National Bureau of Statistics on inflation data with the release of the annual consumer price index reading, which showed the acceleration of growth to 2.7% compared to 2.5% last June, surpassing the expectations that indicated an acceleration of growth to 2.6%, as for the annual reading of the index. Producer prices showed a contraction of deflation to 2.4% versus 3.0%, also surpassing expectations that indicated a contraction of deflation to 2.5%.

On the other hand, investors are currently awaiting the American economy for the release of a statistical reading on employment opportunities and job turnover, which may reflect a decline to about 5.30 million compared to about 5.40 million last May, and this comes in the wake of the labor market data showed at the end of last week, a decline The unemployment rate rose to 10.2%, compared to 11.1 in June.

In the same context, last Friday's reading of the employment change index for sectors other than agricultural showed about 1,763 thousand jobs added compared to 4,791 thousand added jobs, which was revised from about 4.8 million jobs added in June, while the average hourly income index reading reflected an increase. 0.2% against a decline of 1.3%, beating expectations that the decline would narrow to 0.5%.

In another context, we followed yesterday the signing of Republican US President Donald Trump, a series of executive orders to extend unemployment benefits, following the collapse of the White House talks with Congress, amid differing views of the Democratic Party, which has the majority of the House of Representatives, and the Republican Party, which has the majority of the Senate, about the talks of the virus relief package Amid growing concern over the outbreak of a second wave of Coronavirus.

This comes after the forty-fifth US President Trump last week threatened to act on his own if he failed to reach an agreement with the Democrats, and those executive orders will save $ 400 a week in unemployment aid, and that is less than $ 600 in the week that was passed before. Congress earlier this year following the coronavirus pandemic.

Technical analysis

Gold price touched and stabilizes at the support of the ascending channel that appears on the image, coinciding with the start of positive signs appearing through the stochastic indicator, while the SMA 50 continues to provide positive support for the price.

Thus, these factors encourage us to continue suggesting the bullish trend for the upcoming period, whose main targets start at 2087.00, bearing in mind that breaking 2024.00 will stop the suggested rise and pressurize the price to make a bearish correction, whose main targets start at 1968.00.

The expected trading range for today is between 2000.00 support and 2070.00 resistance.

The expected general trend for today: Bullish.

The dollar against the yen provided temporary positive trades last Friday, to test the 106.00 barriers, return to decline and gradually head towards our awaited negative target at 105.20 so that the bearish trend scenario remains valid and effective for the upcoming period, supported by the negative sign that the stochastic indicator begins to present now.

The breach of 105.70 is required to reinforce the negative expectations, which will remain valid unless the price rallies to breach 106.44 level and hold above it.

The expected trading range for today is between 104.90 support and 106.20 resistance.

The expected general trend for today: Bearish.

#BAYN
A “hammer” reversal pattern with a false breakout has formed on the daily chart. Bullish histogram bars have formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
#BAYN 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 pattern.
Stop Loss: 54.94.
Target levels: 60.54; 64.30; 67.35.