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#BA

Bulls are testing the price pivot zone of 167.63. Awesome Oscillator indicates a bullish divergence, and Stochastic Oscillator indicates an oversold condition. If the price fixes above the price pivot zone of 167.63, it will rise further.

#BA rate online: monitor price movement in real time.

Trading recommendations:

Buy above the price pivot zone of 167.63.

Stop Loss: 152.00.

Target levels: 194.0; 233.0.

The dollar versus yen pair traded in a noticeable negativity yesterday, surpassing the SMA 50 and approaching our first awaited target at 105.20, reinforcing expectations for a further decline in the coming sessions, reminding you that breaking the aforementioned level will extend the downside wave to reach 103.65.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless we witness a clear and stable breakout above 106.44.

The expected trading range for today is between 104.70 support and 106.10 resistance.

The expected general trend for today: Bearish.

Sber Bank stock continues moving within the ascending channel as it tries to test the resistance (229.33) as seen in the chart. After it broke the resistance 215.70 and confirmed its break.

The current price action is between the support level 202.23 and the resistance level 229.06 over the medium period.

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

The moving averages are below the price (50 near the support level 202.63 and the SMA 20 near the level of 215.70) and add pressure on the price for further upside.

General direction of movement: Bullish path

CADJPY

The ascending wave pattern (H2) is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an oversold condition. The level of 88.2% on Fibo is not broken, which allows to assume that the upward pattern is a wave B (correction).

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

Trading recommendations:

Sell strictly on the formation of a descending wave pattern.

Stop Loss for the local maximum (79.54).

Target levels: 78.80; 77.63.

If the level of 88.2% F. (79.84) is broken, cancel the trading plan.

USDCAD

The pair is consolidating in the range of 1.1740–1.1900 ahead of new employment data from the US Department of Labor. If the demand for risk assets persists, the pair will continue to rise against the backdrop of the dollar’s overall fundamental weakness.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving averages intersect, signaling a likely price increase. RSI is above the 50% level and moves horizontally. Stoch indicate a weaker decline.

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

Trading recommendations:

Buy the pair when the level of 1.1900 is broken with a likely rise to 1.1975.

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator showed an exit from the oversold zone. A breakout of 10.14 will result in the formation of an ascending pattern of 1-2-3.

Trading recommendations:

Buy above 10.14.

Stop Loss: 9.89.

Target levels: 10.38; 10.80.

The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session against the US dollar, following the developments and economic data that is transmitted from the Australian economy and amid looking at the decisions and directions of monetary policymakers at the Reserve Bank of Australia and on the cusp of developments and economic data expected on Tuesday by the American economy the largest economy In the world.

At exactly 02:26 AM GMT, the Australian dollar pair rose against the US dollar 0.01% to 0.7125 levels compared to the opening levels at 0.7124, after the pair achieved its highest level during the trading session at 0.7128, while the pair achieved the lowest at 0.7106.

We have followed on from the Australian economy the release of the Trade Balance Index reading, which indicated the widening of the surplus to 8.20 billion Australian dollars against 7.34 billion Australian dollars last May, without expectations that the surplus would widen to 8.80 billion Australian dollars, and this came with the reading of exports showing An increase of 1%, compared to a decline of 6% in May, and an increase in imports, 3%, compared to a decline of 4% in May.

To reveal the seasonally adjusted initial reading of the retail sales index, which reflected the acceleration of growth to 2.7% compared to the previous reading in May and expectations at 2.4%, and this came amid investors' anticipation of the decisions and trends of monetary policy makers at the Australian Central Bank and the Reserve Bank of Australia revealed a price statement Interest is amid expectations that the short-term benchmark interest rates will be fixed at their lowest level ever at 0.25%.

Otherwise, we followed yesterday Australian Prime Minister Scott Morrison announced that his government had taken a number of measures to address the crisis of a second wave of coronavirus outbreak, including introducing a new system of paid leave that provides paid leave for workers who have completed sick leave and need to remain in quarantine due to Coronavirus and that he will estimate about A $ 1,500 in pay for a two-week vacation due to SK.

On the other hand, investors are awaiting by the US economy, the largest industrialized country in the world, the release of the factory orders index, which may show a slowdown in the pace of growth to 5.1% compared to 8.0% in May, and this comes in conjunction with the disclosure of a statistic of consumer confidence by daily business For investors, which may reflect a contraction in contraction to 45.3 compared to 44.0 last July.

Technical analysis

The Australian dollar versus the US dollar continued the decline yesterday to approach the pivotal support 0.7065, and we notice that the price bounced up from there to indicate the resumption of the main bullish trend, and it needs to break 0.7170 to confirm the return to the upside channel again.

From here, we continue to favor the overall bullish trend with price stability above 0.7065, reminding us that our main awaited target extends to 0.7290.

The expected trading range for today is between 0.7065 support and 0.7200 resistance.

Expected trend for today: bullish.

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from its lowest since July 27 against the US dollar before the developments and economic data expected on Tuesday by the economies of the euro area and the US economy the largest economy in the world.

At 05:15 am GMT, the euro pair rose against the US dollar by 0.06% to 1.1769 levels, compared to the opening levels at 1.1762, after the pair achieved its highest level during the trading session at 1.1777, while achieving the lowest at 1.1752.

The market is currently looking to France for the second largest economy in the euro area for the issuance of the treasury budget for the month of July, before we witness from Spain the fourth largest economy in the region the release of the change in unemployment, which may show a rise of 19.5 thousand compared to a rise of 5.1 thousand in June June, before the release of inflation data for the eurozone economies as a whole with the release of the producer price reading, which may reflect 0.6% growth versus a 0.6% contraction in May.

On the other hand, investors are awaiting by the US economy, the largest industrialized country in the world, the release of factory demand reading, which may show a slowdown in the pace of growth to 5.1% compared to 8.0% in May, and this comes in conjunction with the disclosure of a statistic of consumer confidence by daily business, which It may reflect a contraction of the contraction to 45.3 compared to 44.0 in July.

Technical analysis

The euro against the dollar trades stable above 1.1737, and gets continuous positive support from the EMA50, to continue to suggest the bullish trend on the intraday and short term, reminding us that our awaited targets start at 1.1908 and extend to 1.1995.

On the other hand, it should be noted that breaking 1.1737 and holding below it will press the price to make more bearish correction targeting 1.1632 levels and it may extend to 1.1546 before any new attempt to rise.

The expected trading range for today is between 1.1700 support and 1.1880 resistance.

Expected trend for today: bullish.

Gazprom share has moved below the support level of 185.80, as it settled in trading around this level after it opened trading last week on a falling price gap, after it failed to return to the bullish channel that was moving within it.

The price is now moving below the averages 50 - 20-7 which form the first levels of resistance to the price.

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

We see that the stochastic oscillator is returning to the movement within a descending path, thus it will press the price to breach the support of 185.80 and go down

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.

Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session to witness its bounce for the second consecutive session from the top at all, condoning the decline of the US dollar index according to the inverse relationship between them before the economic developments and data expected on Tuesday by the American economy and amid US lawmakers' talks About the virus relief package, in the shadow of concern about the emergence of new cases of coronavirus and the escalation of tensions between Beijing and Washington.

At exactly 03:54 AM GMT, gold futures contracts for next December delivery fell 0.04% to trade at $ 1,992.70 per ounce compared to the opening at $ 1,993.50 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded Yesterday's trading was $ 1,986.30 an ounce, while the US dollar index fell 0.02% to 93.53 compared to the opening at 93.55.

Investors are currently awaiting by the US economy, the largest industrial country in the world, the release of the factory orders index, which may show a slowdown in the pace of growth to 5.1% compared to 8.0% last May, and this comes in conjunction with the disclosure of the consumer confidence statistic by the daily actions of investors That may reflect the contraction in contraction to 45.3 compared to 44.0 last July.

Technical analysis

The price of gold is back to volatility near the pivotal resistance 1981.20, and we are still waiting for a clearer signal for the next direction by breaching this resistance or breaking support 1937.20 to determine the next direction more accurately, which makes us continue in our neutral position until now.

We recall that breaching the resistance will lead the price to continue the main bullish trend and achieve new historical highs levels that start at 2000.00 and extend to 2068.00 while breaking support will pressure the price to make a more bearish correction that targets 1910.00 levels and may extend to 1888.00 before any new attempt to rise.

The expected trading range for today is between 1935.00 support and 2020.00 resistance.

Expected trend for today: neutral.