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Forecasting

Impact

9.00AM

E.Z

German Import Prices m/m

0.3%

0.0%

L

9.00AM

E.Z

German Retail Sales m/m

0.4%

M

10.00AM

CHF

KOF Economic Barometer

0.99

0.97

H

11.00AM

E.Z

Private Loans y/y

-0.9%

-0.8%

L

11.00AM

E.Z

M3 Money Supply y/y

3.1%

3.0%

M

3.30pm

U.S

GDP q/q

0.4%

3.0%

H

3.30pm

U.S

GDP Price Index q/q

1.0%

1.4%

M

4.55pm

U.S

Revised UOM Inflation Expectations

3.2%

L

4.55pm

U.S

Revised UOM Consumer Sentiment

78.6

74.3

M

EURUSD

Pair could hold above the key support levels at 1.2970 on the time frame for this week's trading and steady trading above those levels we expect to see a continuation of the bullish intraday trend note that any breaking of level 1.2930 it will cancel the positive outlook

Daily trend upside

Current price: 1.3033

We recommend long above 1.2970 take profit 1.3100 stop loss at 1.2930

Additional Advice: Alternative scenario

Short below * 4 hour closing below * 1.2930 it will carry us for the first downside target 1.2900 & 1.2870

GBPUSD

Sterling succeeded in achieving the expected bullish weekly direction and that by price stability above 1.5180, the highest price 1.5470, approaching the first weekly goal and today steadily trading next four -hours above 1.5370 we expect the continuation of upside daily trend unless breaking of level 1.5330 and any trade below 1.5190 it will open the way for further decline

Daily Trend upside

Current price: 1.5430

We recommend long above 1.5370 take profit 1.5540 stop loss at 1.5330

Additional Advice: Alternative scenario

Short below * 4 hours closing below * 1.5320 it will carry us for first downside target 1.5260 & 1.5220

AUDUSD

Australian dollar fell slightly falling our positive outlook We expect next four – hours any trade above 1,0270 and above the psychological barrier of 1.0200 and generally above 1.0170 upside correction to retest 1.0370

upside Prevails

Current price: 1.0292

We recommend long above 1.0270 take profit 1.0370 stop loss at 1.0230

Additional Advice: Alternative scenario

Short below *4 hours closing below * 1.0230 it will carry us for first downside target 1.0200 & 1.0170

UsdJPY

we expect any stability below 99.60 it's a negative daily outlook, the pair entered overbought level , we expect further decline , and any breaking of level 88.10 it will be the first sing for very strong bearish trend

Downisde Prevails

Current price: 98.62

We recommend short below 99.20 take profit 98.20 stop loss at 99.60

Additional Advice: Alternative scenario

long above *4 hours closing above * 99.60 it will carry us for first upside target 99.90 &mmp; 100.30

USDCAD

Flat range trading for the Canadian dollar after touching 1.0292 levels .Today we expect an downside trend and the steady price below 1.0240-1.0230 targeting 1.0140 and generally any above 1.0290 its negative

Downside Prevails

Current price: 1.0205

We recommend short below 1.0240 take profit 1.0140 loss at 1.0280

Additional Advice: Alternative scenario

Long above * 4 hour closing above * 1.0255 it will carry us for the first upside target 1.0290 & 1.0320

USDCHF

Swiss franc hit our entry short point referred, recording its highest price 0.9484 and today the pair now entered overbought level . we expecting next four hours slightly decline to re - test 0.9360 unless breaking level of 0.9500

Downside Prevails

Current price: 0.9436

We recommend short below 0.9460 take profit 0.9360 stop loss at 0.9500

Additional Advice: Alternative scenario9250

Long above 0.9500 it will carry us for the first upside target 0.9530 & 0.9560

XAUUSD

We believe today that any trade below 1480 its negative daily trend . And by stability below this level we expect slightly downside correction to re- test again 1440 unless breaking of level 1495 it will open the way for further upside

Crude Oil

U.S. crude rose yesterday touched 93.86, we expect the next four hours of steady price below 93.50 slightly downside correction with target 92.50

Downside Prevails

EURJPY

Next four – hours we expect slightly decline to resume the upside daily trend again and any price stabilize below 129.30 its negative outlook targeting re-test 128.00 unless breaking level of 129.70

Downside Prevails

Current price: 128.60

We recommend short below 129.30 take profit 128.00 stop loss at 129.70

Additional Advice: Alternative scenario

Long above 129.70 it will open the way to first upside target 130.00 & 130.50

GBPJPY

The pair entered overbought level and by price stability below 153.00 we expect slightly decline next four – hours to resume the general up trend and by price stability next four - hours below 153.00 and bigger picture below 153.60 we expect downside targeting 151,30 unless breaking of level 153.60

Downside Prevails

Dow jones

Dow Jones Industrial jumps last session boosted by some positive economic factors today by price stability above 14580 we expect further upside targeting 14680

Upside Prevails