Analytic reviews

EURUSD

The pair is correcting down amid a strong local overbought condition ahead of the Fed's monetary policy meeting. It may decline further today before receiving a new impetus for growth.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is coming out of the overbought zone. Stoch also turned down.

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

Trading recommendations:

If the pair doesn’t hold above 1.1710, it will fall to 1.1635, which will make a 23% Fibonacci pullback.

#BA

The support level of 168.80 is holding back sellers. A multi-candle “bullish pennant” figure has formed on the chart. Stochastic Oscillator indicates an oversold condition, and Awesome Oscillator indicates a bullish divergence.

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

Trading recommendations:

Buy when the 1-2-3 pattern is formed, where wave 1 breaks through the upper border of the figure.

Stop Loss: 168.80.

Target levels: 194.0; 233.0.

Aeroflot managed to rise and breached the 86.50 resistance level, signaling the end of the sideways movement. Which was trading within it during the last week, where he tested the key support level 78.50, which is one of the important levels to which the price is exposed.

The price stabilizes by moving above the level of the moving average 50-7-20, which constitutes the first support levels for the price and prevents it from falling further.

The stochastic oscillator started the downward movement after exiting the overbought zone and turned back from it, therefore, it will try to press the price to return to the sideways path, provided that the support level 86.50 is breached.

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

The Australian dollar rose during the Asian session against the US dollar after the assistant governor of the Reserve Bank of Australia confirmed about financial markets Christopher that negative interest rates will not be beneficial in the current circumstances and that the new monetary policy measures will come at costs, on the cusp of developments and economic data expected on Monday by the economy The American is the largest economy in the world.

At exactly 02:41 am GMT, the Australian dollar pair rose against the US dollar 0.52% to 0.7130 levels compared to the opening levels at 0.7093, after the pair achieved its highest level during the trading session at 0.7131, while the pair achieved its lowest at 0.7087, knowing The pair started the trading session on a falling price gap after it concluded the trading last week at 0.7105 levels.

Investors are currently awaiting the US economy to disclose the reading of the durable goods orders index, which represents about half of consumer spending, which represents more than two-thirds of the gross domestic product in the United States, which may reflect a slowdown in growth to 7.0% compared to 15.7% last May. A substantial reading of the same indicator may also show a slowdown in growth to 3.5%, compared to 3.7% in May.

Technical analysis

The Australian dollar versus the US dollar pair resumed its positive trades after testing the support of the main bullish channel, and by looking carefully at the chart, we find that the price has completed forming a bullish continuation flag pattern, to get a good positive incentive that supports the expectations of visiting the 0.7200 level as the next station.

Therefore, the bullish trend will remain valid and active for the upcoming period, noting that the continuation of the bullish wave requires stability above 0.7065.

The expected trading range for today is between 0.7080 support and 0.7200 resistance.

Expected trend for today: bullish.

The single currency, the euro, rose during the Asian session to witness its highest level since September 27 of 2018 against the US dollar before the economic developments and data expected on Monday by the euro area economies, which include the disclosure of the monthly report of the German Central Bank and before the developments and economic data expected by The American economy is the largest economy in the world.

At 05:04 am GMT, the EUR / USD pair rose 0.54% to 1.1704 levels, compared to the opening levels at 1.1641 after the pair achieved its highest level in two years at 1.1725, while achieving the lowest during the trading session at 1.1639. As the pair started the trading session on a falling price gap after it concluded the trading last week at 1.1656 levels.

The markets are looking for the eurozone economies to publish the annual reading of the private loan index, which may show an acceleration of growth to 3.2% compared to 3.0% in the previous annual reading of last May, with the disclosure of the annual reading of the M3 money supply index, which may reflect is The other growth accelerated to 9.5% compared to 8.9% in the previous annual reading for May.

This comes before we witnessed by Germany, the largest economy in the eurozone, the disclosure of the IFO business climate index, which may show an increase to 89.2 compared to 86.2 last June, as the reading of the index itself may indicate an expansion of 93.4 to 91.4, The same indicator reading for the current valuations may also reflect an increase to 85.0 compared to 81.3 in June.

On the other hand, investors are currently waiting for the US economy to read the Durable Goods Orders Index, which represents about half of consumer spending, which represents more than two-thirds of the gross domestic product in the United States, which may reflect slowing growth to 7.0% compared to 15.7% in May. Also, a substantial reading of the same indicator may show a slowdown in growth to 3.5%, compared to 3.7% in May.

Technical analysis

The euro against the dollar pair opens today's trading with a strong bullish surge to reach the outskirts of the expected goal at 1.1715, and we believe that the path is open to achieve more gains in the short and medium-term, so that the bullish trend will remain dominant during the upcoming sessions, noting that the next station extends to 1.1815.

On the other hand, it should be noted that a break of 1.1620 will stop the current rise and press the price to make some bearish intraday correction before resuming the main bullish wave.

The expected trading range for today is between 1.1620 support and 1.1815 resistance.

Expected trend for today: bullish.

Gold prices rose during the Asian session to witness the achievement of a new record level, with the decline in the US dollar index for the seventh session, to reach its lowest since September 21, 2018 according to the inverse relationship between them before the developments and economic data expected today Monday by the American economy, the largest economy in the world.

At exactly 03:56 AM GMT, gold futures contracts for next December delivery rose 1.35% to trade at $ 1,955.00 per ounce compared to the opening at $ 1,929.00 per ounce. Whereas, the contracts started the trading session on an upward price gap after last week's trades closed at $ 1,925.20 per ounce, with the US dollar index declining 0.50% to 93.93 compared to the opening at 94.40.

Investors are currently awaiting the US economy to disclose the reading of the durable goods orders index, which represents about half of consumer spending, which represents more than two-thirds of the gross domestic product in the United States, which may reflect a slowdown in growth to 7.0% compared to 15.7% last May. A substantial reading of the same indicator may also show a slowdown in growth to 3.5%, compared to 3.7% in May.

Technical analysis

The gold price opens today's trading with a strong rise to exceed the historical high recorded at 1920.80 and achieve more gains, on the way to heading towards our next goal that reaches the areas of $ 2000.00 per ounce, and it moves inside a new bullish intraday channel that carries the price to achieve more rise while moving average 50 continues to Provide positive support for the price.

Consequently, we continue to favor the bullish trend for the upcoming period, noting that a break of 1900.00 will pressure the price to make a bearish intraday correction before resuming the main bullish trend.

The expected trading range for today is between 1910.00 support and 1960.00 resistance.

Expected trend for today: bullish.

The US dollar fell during the Asian session against the Japanese yen, to witness its lowest level since March 16th, amid developments and economic data that it had reported on the Japanese economy and before the economic developments and data expected on Monday by the US economy, the largest economy in the world. Amidst concern over the recent escalation of tensions between Washington and Beijing.

At exactly 05:55 AM GMT, the US dollar pair fell against the Japanese yen by 0.31% to 105.66 levels compared to the opening levels at 105.99 after the pair achieved its lowest level in four months at 105.46, while it achieved its highest during the trading session at 106.16, Knowing that the pair started the trading session on a falling price gap after it concluded the trading last week at 106.14 levels.

We have followed the Bank of Japan's unveiling of the summary report of its views of its last meeting held in the middle of this month, which includes the expectations of monetary policymakers at the Japanese Central Bank that the Japanese economy will recover moderately during the second half of this year, while also warning that the economy is "without Likely to return to levels before the outbreak of the Corona pandemic until fiscal 2022.

This came before we witnessed the disclosure of industrial sector data for the third largest economy in the world and the third largest industrialized country globally with the release of the index of the overall industrial activities, which showed a decline in the decline to 3.5%, in line with expectations, compared to 7.6% last April, leading to the disclosure The Bank of Japan reported an annual core reading of the CPI that showed 0.1% growth vs. stability at zero levels last May.

On the other hand, investors are currently awaiting the US economy to disclose the reading of the durable goods orders index, which represents about half of consumer spending, which represents more than two-thirds of the gross domestic product in the United States, which may reflect slowing growth to 7.0% compared to 15.7% in May. May, as the core reading of the same indicator, may show, growth slowed to 3.5%, compared to 3.7% in May.

Technical analysis

The dollar pair traded against the yen with a strong negative to be able to break the 106.44 level and rush down to approach our second expected target at 105.20, and by looking at the graph, we find that the price exceeded the pivotal horizontal support level located at 106.00, to put the price under more expected negative pressure in the term The longest, and paves the way for crossing 105.20 to open the way for heading towards 103.65 areas as the next major station.

From here, we expect the downside movement to continue in the upcoming sessions, provided that the price maintains its stability below 106.44.

The expected trading range for today is between 104.60 support and 106.30 resistance.

Expected trend for today: bearish.