The best trading opportunities today ... currency pairs, cryptocurrencies, metals, indices and stocks, January 13th

The US House of Representatives, controlled by the Democrats, has voted in favor of asking Vice President Mike Pence and Cabinet to remove President Donald Trump, in light of the Capitol Hill armed invasion.

Reuters reports that Pence has already told House leader Pelosi that invoking the 25th amendment is not in the best interest of the country

Meanwhile, the House vote on resolution urging 25th Amendment is ongoing, once approved, it will go to the Senate for Trump’s impeachment vote.

Market has little to no impact on the fx markets, as the US dollar holds the lower ground alongside Treasury yields.

The S&P 500 futures rise 0.20% while Asian stocks trade mostly in the green. AUD/USD consolidates Tuesday’s rally under 0.7800. The pound and the kiwi are the best performers across the fx board so far this Wednesday.

Currency pairs

 

AUD USD

As we expected yesterday, the pair continued trading above the 50-day moving average in an attempt to re-test the 0.7818 high, and it has already reached 0.77796 levels, so we expect the possibility of a return to 0.7818 levels in the coming hours, where the condition of trading remains stable above 38.2% Fibonacci 0.76818, and currently we are trading above 23.6% Fibonacci. We prefer to adjust the stop loss to the point of entry or close part of the contracts now

Below 0.76818 cancels the bullish scenario

Trading range today 24 pips

 

EUR AUD

As we expected yesterday, the pair came back to test the bottom of the demand area 1.157181 - 1.156916, which represents (so far) strong support for the pair, so we prefer to buy from the bottom of the demand area, so far the pair has not been able to obtain the necessary support to rise towards 23.6% Fibonacci 1.58247, but the pair is approaching the upside. The 50-day moving average is, therefore, we favor the upside scenario towards 23.6% Fibonacci in the event of a rise above the 50-day moving average, in which case we will monitor the price behavior of the pair to determine the possibility of targeting further targets around 50% Fibonacci.

Note: Current trading levels are the lowest trading levels since April 2019, this analysis is suitable for building long-term long positions and may not be suitable for day trading.

Trading range today 32 pips

 

EUR NZD

The pair continued, as we expected, under pressure, as it is still trading below the 50-day moving average towards the bottom of the demand area at 1.68426, which we still expect to re-test during this week's trading. On the daily chart, we notice some positivity in the pair's trading while the pair remains close to the January 2019 low, from which it rebounded in March 2020 to a high of 1.9845, so we prefer buying from the bottom of the demand area or around it with targets around 50% Fibonacci 1.7094, while long targets remain around the top of 1.8188

Below 1.65120 will push the pair towards January 2019 low at 1.62150

Note: This analysis is suitable for building long positions and may not be suitable for day trading

Trading range today 34 pips

 

EUR USD

As we expected yesterday, the pair maintained it’s trading above the 50-day moving average with continued positivity on momentum and relative strength indicators and succeeded in rising above 23.6% Fibonacci and continuing to rise above 38.2% Fibonacci retracement and is expected to continue its way towards 50% Fibonacci 1.2240, so the uptrend can now be confirmed. For the pair during this week, as long as trading remains stable above the low of the demand area, 1.21316

Note: In the event that the pair succeeds in rising above 50% Fibonacci and trading remains above that area, the targets may change in the medium and long term, so we prefer to adjust the stop loss to the entry point with half of the contracts currently closed

Below 1.210 cancels out the bullish scenario temporarily

Trading range today 25 pips

 

GBP USD

Yesterday we also expected the pair to recover from the sharp drop that we experienced during last week’s trading and the beginning of this week, and the pair actually rose to 1.36960 levels, while we had set 1.360 levels as targets for long positions, so we prefer to close long positions now or adjust the stop loss to the entry point with closing part of Contracts to preserve earned profits

Technically, we should test some bearish correction that may extend towards 23.6% 1.36341 before resuming the rise.

Once again, we confirm that we prefer to close the current long positions or adjust the stop loss to the entry point while closing parts of the current contracts to preserve profits

Trading range today 34 pips

Gold

Gold continues to trade above the 50-day moving average, with 1816 levels remaining as a strong demand and support area for gold, so far we have positive on This analysis exclusive to Arincen clients who have active trading accounts through licensed Arincen brokers, to obtain all analysis and all Arincen network services open a trading account with one of our licensed brokers (Click here)

 

Cryptocurrencies

Bitcoin

As we expected yesterday, levels of 50% Fibonacci 29673 continued to provide the necessary support, which led to trading stability above the support area and returning to trading around 33223 currently with some positivity on the relative strength and momentum indicators, but without This analysis exclusive to Arincen clients who have active trading accounts through licensed Arincen brokers, to obtain all analysis and all Arincen network services open a trading account with one of our licensed brokers (Click here)

 

Global stock market indices

Dow Jones

As we expected yesterday, the Dow Jones was able to maintain its trading above the 50-day moving average and above 23.6% Fibonacci retracement, which is the condition that we set to re-target the high of 31057 while we expected a very narrow trading range.

As we expected yesterday, the Dow Jones rose above 31057 and is currently trading at 31139, but we notice some This analysis exclusive to Arincen clients who have active trading accounts through licensed Arincen brokers, to obtain all analysis and all Arincen network services open a trading account with one of our licensed brokers (Click here)

 

Stocks

Boeing Co (#BOING)

We also expected yesterday that BOEING managed to rise above the 25-day moving average and is currently trading at 208, while it is approaching the upside above the 50-day moving average, so we expect that today we will This analysis exclusive to Arincen clients who have active trading accounts through licensed Arincen brokers, to obtain all analysis and all Arincen network services open a trading account with one of our licensed brokers (Click here)

تحذير المخاطر: ينطوي تداول الفوركس والعملات وعقود الفروقات على مخاطر كبيرة على رأس مال المستثمر, قبل أن تقرر التداول بالعملات الأجنبية أو أي أداة مالية أخرى يجب عليك التفكير بعناية في أهدافك الاستثمارية، ومستوى الخبرة، والرغبة في المخاطرة. ارينسن لن تقبل أي مسؤولية عن خسائر أو أضرار نتيجة الاعتماد على المعلومات الواردة في هذا الموقع بما في ذلك البيانات، أسعار العملات، الرسوم البيانية ومؤشرات البيع والشراء والتوصيات على المنصة. يتم ادارة موقع ارينسن من مكاتبنا في سويسرا. التعامل مع الشركات التي نتعامل معها وهي fxdd وايضا icm capital من الممكن ان يكلفك كعميل عمولات مختلفة بحسب حجم العقد ( اللوت ) الذي تختاره على كل صفقة وبحسب الأصل الذي تختاره من بين الأصاول المختلفة المعروضة في كل وسيط, من دون اي عمولة اضافية كونك تفتح الحساب عن طريق موقع ارينسن
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