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00:00 Welcome to the CNBC Arabic section of the Art Analysis segment, where we analyze the movements of currencies and commodities and others.
00:08 And we have with us Mr. Habib A'ai, the Chief Marketing Strategist at Tradepedia.
00:14 Thank you for joining us.
00:17 Thank you.
00:18 First, the movements that we have seen in the past period on the dollar-yen market,
00:23 and especially in light of the major events and the future of inflationary data, how can the path be for the yen?
00:32 Several factors are affecting the dollar-yen.
00:34 First, this marriage has seen very strong declines due to the distance from the monetary policies and the possibility of a decrease in interest rates by the federal government
00:44 and the possibility of a rise by the Japanese central bank.
00:49 But there has been a change in the price of the time and the size of the interest rates by investors,
00:56 so the dollar has risen again in return for the yen.
00:59 Currently, the country is in a short-term position, in a state of stagnation, preparing for the next future movement.
01:08 A penetration of the level of 150.90, which is the last peak, will open the space for rising towards 152, which is the previous peak.
01:18 The alternative scenario is that a break in the 149.50 region will create a reverse pattern and lead to a rise towards 146.80 and 144.30.
01:32 The 146.80 region is a 38.2% decline in the last Saudi movement, and a 61.8% decline, which is about 144.25.
01:44 The rise has become limited compared to the possible declines, and therefore, the sale process is currently preferable in these areas to the dollar in return for the yen.
01:55 Yes, moving this time, and if we were talking about the euro, there are also trends and statements that we are seeing,
02:03 especially from the European Central Bank, and the talk about the data of the prices and their impact on the central bank's trends in the coming period.
02:10 The positive that we are noticing in these movements, in light of the strength of the dollar, in your opinion,
02:15 what is the path for us in terms of the movements on the euro? Where can it reach during this period?
02:21 Of course, the strength of the dollar was dominant over all currencies, especially the euro.
02:26 This has been evident in the recent downward movement since the beginning of this year.
02:32 But the point is that the euro, in exchange for the dollar, stopped at the 107.00 region, and tried to penetrate this region twice,
02:40 but there was a clear purchasing power that led to the rise in prices towards the 109.00 region.
02:46 Currently, there is a penetration of this level. I expect a correction towards the 107.75 region,
02:53 and then a rise again towards the re-testing of the 109.00 region, which is a very important resistance region.
03:02 Only by breaking the 109.00 region will it open up more opportunities for profits towards the 110.00 region.
03:09 In the alternative scenario, we need to see a clear closure without the 107.00 level, so that we can see a rebound.
03:16 I expect that this scenario is unlikely, and I expect a rise in the euro in the coming period.
03:23 Yes, the positive movements that we have seen on Bitcoin, especially in February,
03:29 which is close to 20% of the rise that has been seen during this period, and the acceptance on the trading investment boxes,
03:36 the artistic levels that we have seen during this period.
03:39 After the so-called vertical rises, the Bitcoin stopped between the 53.000 and the 50.500 region.
03:50 This is what we are seeing in the 4-hour period, we are seeing the price movement on the medium-term.
03:56 There is a wide situation, there are wide fluctuations between the 53.000 and the 50.500,
04:03 and the penetration of one of these two will lead to the next directional movement.
04:10 Breaking the 53.000 level opens up space for the 56.500, and after that the 60.000.
04:16 These are not very high levels, because we know that Bitcoin has a very strong directional movement.
04:23 As for the correction without the 50.000 and the 50.500 region, it will open up space for the decline.
04:28 So, there are more expectations for the rise during this period.
04:32 I know that many traders want to enter the Bitcoin market and are waiting for the correction.
04:37 In the case of the 50.500, the first purchase area is at 47.500,
04:42 and more references will form a great purchasing opportunity at 44.150.
04:48 But, sometimes Bitcoin does not correct, it stops and then it returns to the rise.
04:54 Therefore, the break of 53.000 will also be a purchasing opportunity towards the 56.500 and then the 60.000.
05:01 We will stop with the oil prices and the time that is delayed for us during this period.
05:06 We notice that the weekly references were about 3% on the oil prices in Texas.
05:12 In your opinion, how much can we reach with the dollar?
05:18 The oil movement is clear in the direction of the rise now in this high-priced channel.
05:25 The break of the 75.50 region, which is the lowest today, will lead to more references.
05:31 And a re-test of the 73.75 region, which is the lowest point of this high-priced channel.
05:39 I expect a return to the rise towards 81.50, but I do not expect a breakthrough in this region.
05:48 From the levels of 81.00 to 82.00, there are traders who try short selling to the 73.75 region.
05:59 Finally, in less than a minute, if possible, gold remains the talk.
06:02 We cannot ignore the trends that we are seeing on gold with the strength of the dollar at the moment.
06:08 Gold is a wide area since the beginning of the year between 1975 and 2080.
06:14 But we see that inside the wide region, there is a slow-moving channel among the prices.
06:19 Gold will test a very critical region, which is the region of the $2,050 per ounce.
06:25 Either it will witness a return towards the 1,975 again, or the penetration of this region and a re-test will create purchasing opportunities.
06:36 And of course, we are waiting for a closure above 2080 to reach the 2,450.
06:42 Thank you Habib Aiee, the great market strategist at Tradpedia.
06:47 Thank you for being with us.
06:49 Thank you.
06:50 We come to the end of the CNBC Arabic analysis segment.
06:55 We assure you that these are just analyzes and we are not responsible for any profit or loss.
07:00 Thank you.
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