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Sber Bank  Stock  rebounded after reaching support at 222.82 which is near the 50% Fibonacci retracement..

The price is moving upwards after it has breached all the moving averages.

The price action is moving above the 20-50-7 moving averages which are forming support levels.

The Stochastic is moving sideways ...

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Sber Bank  Stock  rebounded after reaching support at 222.82 which is near the 50% Fibonacci retracement..

The price is moving upwards after it has breached all the moving averages.

The price action is moving above the 20-50-7 moving averages which are forming support levels.

The Stochastic is moving sideways within the overbought zone which will push the price higher further.

The expected movement between 222.82 support and 235.96 resistance.

Overall trend: Bullish.

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The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness a rebound for the second session from its highest since early August, when it tested its highest since late May last against the Japanese yen amid the lack of economic data earlier this week ...

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The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness a rebound for the second session from its highest since early August, when it tested its highest since late May last against the Japanese yen amid the lack of economic data earlier this week about the Japanese economy Because of the holiday of health and sports there and the US economy also on Monday because of the holiday of Columbus.

At 06:22 AM GMT, the USDJPY fell 0.01% to 108.27 levels compared to opening levels at 108.28, after the pair reached its lowest level during the session at 108.20, while reaching the highest at 108.52.

Last Friday, Bank of Japan Governor Haruhiko Kuroda said that the Bank of Japan has many tools to enhance monetary easing in the country, noting that the Bank of Japan's policies should not be judged by looking at short-term policies only. More flexible than the Fed or the European Central Bank and it has a wide scope to move and strengthen monetary policy.

On the other hand, we also followed last Friday's announcement by the Federal Reserve of its plans to start buying Treasury bills for the United States of $ 60 billion per month by the beginning of this week and until the second quarter of 2020, following the recent intervention of the Federal Reserve to control On repo rates and pumping liquidity into the markets to keep federal funds rates overnight.

Technical Analysis

USDJPY is testing the 50% Fibonacci retracement level, which is an important resistance at 108.40, showing some slight bearish bias affected by stochastic negativity, while SMA 50 continues to provide positive support for the price.

Therefore, we believe that chances are available for resuming the upside move in the coming sessions, targeting 109.33 as the next major stop, while achieving it requires stability above 107.45.

Expected trading range for today is between 107.60 support and 109.10 resistance.

Expected trend for today: Bullish.

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Gold futures fluctuated in a narrow range tilted lower during the Asian session amid the rise of the US dollar index according to their inverse relationship following the developments and economic data that followed on Monday on the Chinese economy, the largest consumer of metals in the world and amid ...

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Gold futures fluctuated in a narrow range tilted lower during the Asian session amid the rise of the US dollar index according to their inverse relationship following the developments and economic data that followed on Monday on the Chinese economy, the largest consumer of metals in the world and amid the lack of economic data by the US earlier this week because of Columbus Day Holiday Following developments in trade talks between Washington and Beijing.

At 04:32 am GMT gold futures for December delivery fell 0.11% to trade at $ 1487.19 an ounce compared with the opening at $ 1486.45 an ounce, with the US dollar index rose 0.02% to 98.38 compared to the opening at 98.36.

The trade balance reading showed that the surplus widened to 275 billion yuan ($ 39.7 billion) from 240 billion yuan ($ 34.8 billion) in August, beating expectations for a widening surplus. To 254 billion yuan ($ 34.8 billion), export and import deceleration slowed more than expected last month.

Otherwise, the US president said that the US and China agreed on the outline of a deal that could be signed early next month, which boosted market hopes about the chances of Washington and Beijing avoiding an escalation of their trade war. The widening surplus also contributed to China's trade balance. Stimulate risk appetite for investors to weigh heavily on the performance of gold prices, which is a safe haven and alternative investment.

Last week's high-level trade talks between the United States, the world's largest economy, and China, the world's second-largest economy, resulted in a "Phase I" trade agreement as part of a much-anticipated expanded trade agreement. Tariffs on Chinese goods worth 250 billion to 30 percent from 25 percent by October 15.

On the other hand, Beijing is expected to make purchases of expanded US agricultural products and take steps to protect intellectual property protection and financial services as well as not weaken the Chinese yuan in order to gain a competitive trade advantage. While the freeze of the decision to raise tariffs and the commitment to expand the purchase of agricultural products were not mentioned.

On the other hand, we also followed last weekend's remarks by British Prime Minister Boris Johnson that despite the fact that no agreement has yet been reached between Britain and the European Union, it is moving forward towards an agreement on an orderly exit from Britain. The EU is on schedule by this month, saying that an agreement with Brussels would be beneficial not only to his country but to all parties in Europe.

The comments came hours after British Prime Minister Johnson and Irish leader Leo Faradkar confirmed the possibility of reaching an exit deal following talks on Thursday, boosting market hopes for eventual access. Yesterday more work was needed to secure an agreement on an orderly Brexit.

Technical Analysis

Gold attempted to break the 1485.00 level but was unable to close the daily candle below it, stuck between the trend confirmation levels of the aforementioned support and resistance now falling to 1515.00, thus we continue to remain neutral until the price succeeds in confirming the breach of one of these levels.

The breach of the mentioned support will put the price under additional negative corrective pressure reaching the next targets at 1447.00 then 1413.10, while breaching the resistance will lead the price to regain the main bullish trend again, whose targets start with testing 1555.00.

Expected trading range for today is between 1470.00 support and 1505.00 resistance.

Expected trend for today: Neutral.

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The single currency of the European Union fluctuated in a narrow range tilted to decline during the Asian session to witness a rebound for the second session from the highest since September 20 last against the US dollar on the eve of developments and economic data expected on Monday by ...

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The single currency of the European Union fluctuated in a narrow range tilted to decline during the Asian session to witness a rebound for the second session from the highest since September 20 last against the US dollar on the eve of developments and economic data expected on Monday by euro-zone economies and amid the lack of economic data from The US economy was accepted earlier this week due to the Columbus Day holiday in the United States.

At 05:40 am GMT, the euro fell against the US dollar by 0.13% to 1.1030 levels compared to the opening at 1.1044, after the pair reached its lowest level during the session at 1.1024, while achieving the highest at 1.1051, knowing that the pair The session started at a bullish gap after it closed last week at 1.1042 levels.

Markets are looking ahead to the euro zone's largest economy, Germany's wholesale inventory reading, which may reflect a contraction in the decline to 0.2% from 0.8% in August, before the Eurozone economies as a whole witness the release of the seasonally adjusted industrial production index. A 0.3% rise versus a 0.4% decline in July could be seen, and the annualized reading of the same index may show a decline to 2.5% versus 2.0%.

Technical Analysis

EURUSD is showing some slight bearish bias on its way to retest the breached resistance of the bearish channel shown in the picture, which is now turning into important support at 1.0990, and we note that SMA 50 meets this support to add more strength to it, to keep positive expectations for the period. Next, mainly waiting for the 1.1180 level.

Therefore, the bullish scenario remains likely provided that the price holds above 1.0990.

Expected trading range for today is between 1.0950 support and 1.1120 resistance.

Expected trend for today: Bullish.

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AUDUSD is reaching the resistance of the descending channel shown, waiting for a bounce back to resume trading within this channel, where the SMA constitutes 50 negative pressure to support the continuation of the main bearish trend, while Stochastic is showing overbought now.

Therefore, we believe that chances are available ...

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AUDUSD is reaching the resistance of the descending channel shown, waiting for a bounce back to resume trading within this channel, where the SMA constitutes 50 negative pressure to support the continuation of the main bearish trend, while Stochastic is showing overbought now.

Therefore, we believe that chances are available for negative trading during the coming sessions, noting that the next main target is 0.6595, while stability below 0.6825 is an important condition to achieve.

Expected trading range for today is between 0.6700 support and 0.6830 resistance

Expected trend for today: Bearish

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AUDCAD (14.10.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

flat

0.8846; 0.8929; 0.8946; 0.8978.

0.9037; 0.8978; 0.8946; 0.8929.

1-3 TF

Time of important economic news publication

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CADCHF(14.10.2019)

Time frame

Trend

Call levels

Put levels ...

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AUDCAD (14.10.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

flat

0.8846; 0.8929; 0.8946; 0.8978.

0.9037; 0.8978; 0.8946; 0.8929.

1-3 TF

Time of important economic news publication

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CADCHF(14.10.2019)

Time frame

Trend

Call levels

Put levels

Xpir time

Н1

bullish

0.7431; 0.7488; 0.7510; 0.7547; 0.7570.

0.7570; 0.7547; 0.7510; 0.7488.

1-4 TF

Time of important economic news publication

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When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buying against the trend on a strictly retest level! Buying an option before publishing important economic news is considered risky. The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

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Analysis based on round-number levels, price channels and modified Elliot Waves

The overall movement is upward. The pair is trading in the range of 365 and 150 moving averages. Bullish divergence has formed on Awesome Oscillator indicator, and the Stochastic Oscillator indicator shows an exit from the oversold zone. Breaking ...

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Analysis based on round-number levels, price channels and modified Elliot Waves

The overall movement is upward. The pair is trading in the range of 365 and 150 moving averages. Bullish divergence has formed on Awesome Oscillator indicator, and the Stochastic Oscillator indicator shows an exit from the oversold zone. Breaking through the resistance level 9.8170 will result the formation of an upward structure of an M15 level within the overall upward trend.

Trading recommendations:

Buy above 9.8170.

Stop loss – 9.7830.

Target levels – 9.8566; 9.9160; 9.9625.

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The pair corrected up to 0.6770 due the partial profit taking. If it holds above this level, it is likely that the pair will resume growth on the recovery of demand for risky assets recovers.

The price is above the middle Bollinger band, below SMA 5 and at SMA ...

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The pair corrected up to 0.6770 due the partial profit taking. If it holds above this level, it is likely that the pair will resume growth on the recovery of demand for risky assets recovers.

The price is above the middle Bollinger band, below SMA 5 and at SMA 14.RSI is above 50% and declining. Stoch are also declining.

Trading recommendations:

If the pair fixes above 0.6770, it may to further up to 0.6810.

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The downward price channel is broken. A bullish divergence has formed on Awesome Oscillator indicator. Stochastic Oscillator indicator has left the oversold zone and its moving averages are directed upwards. The nearest resistance level is 19.47.

Trading recommendations:

Buy above 19.47.

Stop loss – 18.15.

Target levels – 21 ...

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The downward price channel is broken. A bullish divergence has formed on Awesome Oscillator indicator. Stochastic Oscillator indicator has left the oversold zone and its moving averages are directed upwards. The nearest resistance level is 19.47.

Trading recommendations:

Buy above 19.47.

Stop loss – 18.15.

Target levels – 21.00; 23.26.

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The Australian dollar rose during the Asian session to witness the bounce for the fifth session in eight sessions from the lowest since March 18, 2009 against the US dollar following the developments and economic data released by the Australian economy on Thursday and on the eve of developments and ...

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The Australian dollar rose during the Asian session to witness the bounce for the fifth session in eight sessions from the lowest since March 18, 2009 against the US dollar following the developments and economic data released by the Australian economy on Thursday and on the eve of developments and economic data expected on Friday before The US economy is the largest in the world

At 03:37 am GMT, the Australian dollar against the US dollar rose 0.31% to 0.6779 levels, compared to the opening levels at 0.6759, after the pair achieved the highest during the session at 0.6781, while the lowest level at 0.6752.

Investors are awaiting the US economy, which is expected to show a 0.5% decline versus a rise of 0.2% in August, while the annual reading of the same indicator may show a decline to 2.0% vs. 1.8%, before we see the release of the preliminary reading of the index. The University of Michigan consumer sentiment may reflect an expansion to 90.4 vs. 89.9 last September.

The Federal Open Market Committee (FOMC) and Boston Fed Chairman Eric Rosengren talked about monetary policy and interest rates at the US Economic Challenges in Madison, hours after Fed Governor Jerome Powell said the US economy was doing well. He faces some risks and the Fed's strategy and tools are still very effective.

Technical Analysis

AUDUSD is showing some bullish bias on its way to a possible test of the descending channel resistance which is now falling to 0.6830, and as long as the price is below this resistance, our bearish outlook will remain valid as a breach through this level will lead the price to initiate a bullish corrective wave over the long term. The next major target for the suggested downside wave is at 0.6595.

Expected trading range for today is between 0.6700 support and 0.6830 resistance.

Expected trend for today: Bearish.

 

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