Analytic reviews

МТС shares rose after testing 313.34 support and failed to breach it. The stock returns to rise and breaches the resistance level 233.47 and the moving average level 7-20-50.

As the price stabilizes by moving above the 20-50 moving averages, which have become supportive levels for the price.

The stochastic oscillator has entered the overbought zone, which was an additional factor in the price increase.

The expected trading range is between 301.40 support and 340.50 resistance

Expected trend for today: bullish.

#BATS

The stock is trading flat, between the support level of 26.57 and the resistance level of 27.50. Awesome Oscillator indicates bullish divergence, while Stochastic Oscillator indicates an oversold condition.

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

Trading recommendations:

Buy when the resistance level of 27.50 is breached.

Stop Loss: 26.57.

Target levels: 28.70; 30.60; 32.50.

We have no new activity on the Cisco stock movement, as the stock continues to provide noticeable positive trading to settle in trading around the moving average 20, which supports expectations of achieving more gains during the upcoming sessions, provided the stability is above the average 20, which constitutes a level of support for the price pending the direction towards 48.31, which represents our next goal .

Thus, we will continue to favor the bullish trend over the short and intraday basis, and if the price manages to resist 48.31, the positive pressure on the price will increase to reach the level of 50.56.

The stock can be bought above average 20 at value 46.60 and targets 48.30-50.56 and stop loss below 45.25 level.

The expected trading range is between 42.30 support and 48.30 resistance

Expected trend for today: bullish

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second session from its top since September 26, 2018 against the US dollar before the developments and economic data expected today Thursday by the economies of the euro area and the US economy, which includes the disclosure of GDP data The aggregate of the largest Eurozone economies is Germany and the largest in the world is the United States of America.

At exactly 04:59 AM GMT, the euro against the US dollar fell 0.17% to 1.1772 levels, compared to the opening levels at 1.1792, after the pair achieved its lowest level during the trading session at 1.1766, while it achieved the highest at 1.1793.

The markets are looking to the largest euro zone economies, Germany, to disclose inflation data with the release of the initial reading of the consumer price index, which may reflect a 0.2% contraction versus 0.6% growth last June, before we witness by Spain, the fourth largest economy in the region, also On the annual reading of the index itself, which may reflect the stability of the contraction at 0.3%, little changed from what it was in June.

This comes before we also witnessed by Germany the release of the unemployment rate, which may reflect an increase to 6.5% compared to 6.4% in June, in conjunction with the release of the unemployment change index also for Germany, which may show an increase of 42 thousand compared to a rise of 69 thousand in In June, before we witnessed by Italy, the third largest economy in the euro area, the unemployment rate reading was released, which may explain an increase to 8.5% compared to 7.8% in June.

To reveal the seasonally adjusted initial reading of Germany’s GDP index, which may show the contraction widening to 9.0% versus 2.2% in the first quarter, as the annual seasonally adjusted reading of the same index may also show the widening of the contraction to 10.9% versus 1.9%, in conjunction with The European Central Bank revealed its monthly bulletin and before it showed a reading of unemployment rates for the eurozone economies as a whole, up to 7.7% compared to 7.4%.

On the other hand, investors are currently awaiting by the US economy the disclosure of the initial reading of the GDP of the United States for the second quarter, which may show the contraction of the largest economy in the world to 34.5% compared to 5.0% in the first quarter, while the initial reading may reflect the GDP Measured by prices for the last quarter, holding at zero levels against 1.4% growth in the first quarter.

This comes in conjunction with the issuance of the aid claims index for the last week on July 25, which may reflect an increase of 24 thousand requests to 1,440 thousand applications compared to 1,416 thousand requests in the previous reading, as the reading of the continuous benefit applications for the past week may appear on 18 of this The month increased by 3 thousand requests to 16,200 thousand requests compared to 16,197 thousand requests in the previous reading.

Other than that, we have just followed the expiry of the FOMC meeting July 28-29, during which the Federal Reserve's monetary policy makers kept interest rates at between zero and 0.25%, and we also followed the Fed’s confirmation of Jerome Powell at his press conference after the meeting on the Fed’s commitment to using all of its tools to support recovery and minimize the negative repercussions of the Corona pandemic.

Technical analysis

The euro against the dollar offered more positive trading yesterday evening, to approach our waited target at 1.1815, and return to focus on the support of the bullish intraday channel, waiting for a positive momentum to contribute to pushing the price to continue the main bullish trend, whose next target is located at 1.1890.

From here, we continue to favor the bullish trend for the upcoming period supported by the EMA50, which continues to carry the price from below, noting that a break of 1.1715 will stop the current rise and press the price to start a descending corrective wave on the intraday basis.

The expected trading range for today is between 1.1700 support and 1.1890 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its bounce for the second session in three sessions of its highest value ever at the levels of two thousand dollars per ounce, with the US dollar index rebounding for the second session from the lowest of May 17, 2018, according to The reverse relationship between them before the expected economic developments and data today, Thursday, by the US economy, the largest economy in the world.

At exactly 04:23 am GMT, gold futures contracts for next December delivery fell 0.22% to trade at $ 1,982.10 per ounce compared to the opening at $ 1,986.40 per ounce, knowing that the contracts started the trading session on an upward price gap after it concluded Yesterday trades at $ 1,976.70 an ounce, with the US dollar index rising 0.09% to 93.40 compared to the opening at 93.32.

Investors are currently awaiting by the American economy the disclosure of the initial reading of the gross domestic product of the United States for the second quarter, which may show the contraction of the largest economy in the world to 34.5% compared to 5.0% in the first quarter, while the initial reading may reflect the GDP measured by prices For the past quarterly quarter, stability remains at zero levels, against 1.4% growth in the first quarter.

This comes in conjunction with the issuance of the aid claims index for the last week on July 25, which may reflect an increase of 24 thousand requests to 1,440 thousand applications compared to 1,416 thousand requests in the previous reading, as the reading of the continuous benefit applications for the past week may appear on 18 of this The month increased by 3 thousand requests to 16,200 thousand requests compared to 16,197 thousand requests in the previous reading.

 Also yesterday, we watched the expiry of the FOMC meeting July 28-29, during which monetary policymakers at the Federal Reserve kept interest rates at between zero and 0.25%, and we followed the confirmation of Fed Governor Jerome Powell at the conference. The journalist he held after the meeting made a commitment to the Fed to use all of its tools to support recovery and minimize the negative consequences of the Corona pandemic.

Technical analysis

The gold price made strong gains yesterday and reached the recently recorded historical high at 1981.00, to support the continuation of our expectations for the bullish trend, with a reminder that we are waiting for a visit to the 2000.00 level as the next major station, whose breach represents the key to the rally towards 2068.00 as a next target.

Therefore, the positive scenario will remain valid and active in the upcoming sessions, provided that the price maintains its stability above 1937.20.

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

Expected trend for today: bullish.

The fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session, to witness its bounce for the second session from the lowest since March 13 against the Japanese yen, following the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected on Thursday by the US economy The largest economy in the world.

At 05:47 am GMT, the US dollar pair rose against the Japanese yen by 0.34% to 105.28 levels compared to the opening levels at 104.92 after the pair achieved its highest level during the trading session at 105.29, while achieving the lowest at 104.91.

We have followed on from the Japanese economy, the second largest economy in Asia and the third largest in the world, the release of the seasonally adjusted reading of the retail sales index, which showed an acceleration of growth by 13.1% compared to 2.1% last May, outperforming the expectations that indicated the acceleration of growth to 7.1%, while The annual reading of the same index showed that the decline decreased to 1.2% compared to 12.5% ​​in May, also exceeding expectations that indicated a decrease in the decline to 6.0%.

On the other hand, investors are currently awaiting by the US economy the disclosure of the initial reading of the GDP of the United States for the second quarter, which may show the contraction of the largest economy in the world to 34.5% compared to 5.0% in the first quarter, while the initial reading may reflect the GDP Measured by prices for the last quarter, holding at zero levels against 1.4% growth in the first quarter.

This comes in conjunction with the issuance of the aid claims index for the last week on July 25, which may reflect an increase of 24 thousand requests to 1,440 thousand applications compared to 1,416 thousand requests in the previous reading, as the reading of the continuous benefit applications for the past week may appear on 18 of this The month increased by 3 thousand requests to 16,200 thousand requests compared to 16,197 thousand requests in the previous reading.

Other than that, we have just followed the expiry of the FOMC meeting July 28-29, during which the Federal Reserve's monetary policymakers kept interest rates at between zero and 0.25%, and we also followed the Fed’s confirmation of Jerome Powell at his press conference after the meeting on the Fed’s commitment to using all of its tools to support recovery and minimize the negative repercussions of the Corona pandemic.

Technical analysis

The dollar against the yen trades stable below 105.20, to keep the downside scenario valid and active in the intraday and short term, supported by the negative pressure formed by the EMA50, waiting for the resumption of the downside wave targeting mainly 103.65.

We remind you that the continuation of the expected decline requires stability below 105.20, as its breach will push the price for intraday gains that start at 106.00 then 106.44 before any new negative attempt.

The expected trading range for today is between 104.20 support and 105.70 resistance.

Expected trend for today: bearish.

EURCHF

The overall trend is upward. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicates an oversold situation. A descending truncated H1 level pattern has formed.

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

Trading recommendations:
Buy when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending pattern.

Stop Loss under the support level 1.0720.

Target levels: 1.0794; 1.0830.

EURUSD

The pair is trading above the support level of 1.1765. It’s highly likely to start correcting, since all the strong reasons for growth have already played out. From the technical point of view, the pair is noticeably overbought and any positive trends for the USD can push it down.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI turns down under the overbought zone. Stoch indicate a weaker growth. The oscillators show divergence between the price and indicators.

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

Trading recommendations:

If the pair falls to 1.1765, it will be likely to correct to 1.1700, or even further down to 1.1635.