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#APPLE

The stock is trading at the upper border of the descending price channel. The resistance level of 258.00 is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. 

Trading recommendations:

Sell below the support level 249.84.

Stop loss for the local maximum (258.00).

Target levels: 239.83; 226.88; 216.88.

The #APPLE shares online: monitor the movement of the shares in real time.

NZDUSD

The overall trend is downward. The currency pair is trading slightly above 365 and 135 moving averages. Stochastic Oscillator signals overboughtness, and Awesome Oscillator has formed a bearish divergence.

Trading recommendations:

Sell while a descending wave pattern is forming, where the wave (as) breaks through the inclined channel of the ascending pattern.

Stop loss for the round secondary level 0.6020.

Target levels: 0.5615; 0.5471.

The NZDUSD rate online: monitor the movement of the pair in real time.

The Australian dollar rose during the Asian session to witness its bounce to the seventh session from the lowest since October 21, 2002 and to pay off the first weekly gains in three weeks against the US dollar amid the scarcity of economic data by the Australian economy and on the cusp of developments and economic data expected today Friday by The US economy, which includes the congressional vote on the stimulus package, is the largest in US history.

At exactly 02:44 am GMT, the Australian dollar pair rose against the US dollar by 0.51% to 0.6094 levels compared to the opening levels at 0.6063, after the pair achieved its highest level during the trading session at 0.6109, while achieving the lowest at 0.6036

Investors are currently awaiting by the US economy the disclosure of personal spending and income data, which may reflect the stability of personal spending growth at 0.2%, little changed from the previous reading last January, and the slowdown in personal income growth to 0.4% compared to 0.6% in January / January, while a reading of the core personal consumption expenditures index may show that growth accelerated to 0.2% compared to 0.1% in January.

This comes before the disclosure of the final reading of the University of Michigan's index of consumer confidence, which may show a widening contraction to 90.0 compared to 95.9 in the preliminary reading of the previous month and 95.9 last February. Otherwise, we followed the Senate's unanimous approval of the stimulus package, which is estimated About $ 2 trillion to support the US economy in the face of the Corona virus, and the package is expected to be passed in the House later today.

Technical analysis

The Australian dollar versus the US dollar confirmed the breach of 0.5958 and pushed up to achieve the first positive target at 0.6097, noting that the price starts today with more bullish bias in an attempt to breach the mentioned level, which indicates that the price is on its way to visit the next corrective level at 0.6236.

Consequently, the bullish bias will be expected for today, organized within the bullish channel that appears in the picture, noting that stability above 0.5958 is important for the continuation of the suggested bullish trend.

The expected trading range for today is between 0.6000 support and 0.6236 resistance.

Expected trend for today: bullish.

The single currency, the euro, rose during the Asian session to witness its bounce for the fifth consecutive session from the lowest since April 21, 2017 against the US dollar, amid the scarcity of economic data by the economies of the euro area and on the cusp of developments and economic data expected on Friday by the American economy, which includes a congressional vote On the stimulus package, which is the largest in US history.

At exactly 05:27 am GMT, the euro pair rose against the US dollar by 0.26% to 1.1061 levels compared to the opening levels at 1.1032 after the pair achieved its highest level during the trading session at 1.1087, while achieving the lowest at 1.1023.

Investors are currently awaiting by the US economy the disclosure of personal spending and income data, which may reflect the stability of personal spending growth at 0.2%, little changed from the previous reading last January, and the slowdown in personal income growth to 0.4% compared to 0.6% in January / January, while a reading of the core personal consumption expenditures index may show that growth accelerated to 0.2% compared to 0.1% in January.

This comes before the disclosure of the final reading of the University of Michigan's index of consumer confidence, which may show a widening contraction to 90.0 compared to 95.9 in the preliminary reading of the previous month and 95.9 last February. Otherwise, we followed the Senate's unanimous approval of the stimulus package, which is estimated About $ 2 trillion to support the US economy in the face of the Corona virus, and the package is expected to be passed in the House later today.

Technical analysis

The euro against the dollar succeeded in achieving our second expected target at 1.1067, and attempts are being made to breach it, which supports the chances of the bullish corrective wave extending, on its way to visit the 1.1170 level, which represents the 61.8% Fibonacci level of the decline from 1.1498 to 1.0637.

Thus, we will continue to favor the bullish bias for the upcoming period, supported by the move above SMA 50, indicating that stability above 1.0966 is important to achieve the awaited targets.

The expected trading range for today is between 1.0966 support and 1.1170 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range tilted to a decline during the Asian session to witness the resumption of its second session in three sessions from the top since March 9, when it tested its highest since December 18, 2012, condoning the rise of the US dollar index For the fifth session in six sessions from above, since January 4, 2017, according to the inverse relationship between them.

This comes on the cusp of developments and economic data expected today Friday by the US economy, the largest economy in the world, which includes the House of Representatives voting on the stimulus package, which is the largest in the history of the United States, and in the shadow of investors ’assessment of financial markets for monetary and financial stimulus that aims to counter the negative repercussions of the outbreak Corona Virus.

At exactly 04:48 AM GMT, gold price futures for April delivery decreased 0.27% to trade at $ 1,648.90 per ounce compared to the opening at $ 1,653.40 per ounce, knowing that the contracts started the session’s trading on a falling price gap after it concluded yesterday's trading At $ 1,660.30 an ounce, while the US dollar index fell 0.27% to 98.99 compared to the opening at 99.26.

Investors are currently awaiting by the US economy the disclosure of personal spending and income data, which may reflect the stability of personal spending growth at 0.2%, little changed from the previous reading last January, and the slowdown in personal income growth to 0.4% compared to 0.6% in January / January, while a reading of the core personal consumption expenditures index may show that growth accelerated to 0.2% compared to 0.1% in January.

This comes before the disclosure of the final reading of the University of Michigan's index of consumer confidence, which may show a widening contraction to 90.0 compared to 95.9 in the preliminary reading of the previous month and compared to 95.9 last February.

In another context, we followed on Thursday, Federal Reserve Governor Jerome Powell expressed the fact that the Federal Reserve still has enough space to take further measures, noting that every dollar support from the Treasury can provide $ 10 of federal loans, adding that The Federal Reserve is ready to provide sufficient liquidity, while stating that the current crisis is not like the usual recession.

Powell also noted yesterday that when the Corona virus is controlled, confidence will return to the markets and then we may see a good recovery, while stating that the American economy may go through a recession and that the priority is to put the virus under control, explaining that if Corona is controlled, the economy will return to recovery, adding that no There is an error fundamentally in the economy, while expressing its expectations for the economy to recover during the second half, depending on the extent of limiting the spread of the virus.

Other than that, we also followed up on Wednesday the statements of the Director-General of the World Health Organization, Tidros Adhanum Gebresus, through which he expressed that children are vulnerable to infection with the virus (COVID-19) or what is known in the media as Coronavirus like the rest of the people, explaining that it is global solidarity to face this serious threat and that The world must prepare for more severe measures to confront the coronavirus.

The Director-General of the organization, Gebrissos, also mentioned that precautionary measures should be taken, such as preventing gatherings and travel, in addition to tracking and monitoring infected cases, adding that medical and health personnel, especially in poor countries where the virus is easy to spread, must be protected, and according to the latest figures issued by the organization, the number of cases has increased Infected with the virus to nearly 466 thousand and 21,031 people were killed in 199 countries.

Technical analysis

The price of gold finds it difficult to pass the level of 1633.60, to show side trading around this level, waiting to get rid of the negative momentum and gain a positive momentum that is enough to push the price to exceed the mentioned level and then open the way for the trend towards 1689.30 which represents our next positive station.

SMA 50 continues to provide positive support for the price, so we will continue to favor the bullish trend for the next period unless 1599.10 level is broken and stability below it.

The expected trading range for today is between 1610.00 support and 1660.00 resistance.

Expected trend for today: bullish.

When buying an option against the trend, confirmation of other technical analysis tools is mandatory - the presence of divergence, candlestick reversal patterns. Buying against the trend strictly at the 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.

#ROSNEFT

The overall trend is downward. The inclined channel of the ascending structure is broken. A Bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 288.0 will result in the formation of a descending 1-2-3 pattern.

Trading recommendations:

Sell below 288.00.

Stop loss: 320.00.

Target levels: 252.34; 230.00.

The #ROSNEFT rate online: monitor the movement of the shares in real time.

AUDUSD

The overall trend is downward. A start fractal has formed below 135 moving average, and breaking through the start fractal will result in the formation of a descending H1 level pattern within the framework of a descending H4 level pattern. A bearish divergence also has formed on Awesome Oscillator.

Trading recommendations:

Sell below 0.5867.

Stop loss: 0.6083.

Target levels: 0.5720; 0.5520.

The AUDUSD rate online: monitor the movement of the pair in real time.

AUDUSD 

The pair is trading below 0.5960. Deteriorating market sentiment may put pressure on it again. In general, markets remain volatile, balancing between the negative effects of coronavirus and large-scale stimulus measures from the world's central banks, including the Australian RBA.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intersect and suggest selling. RSI is at 50%. Stoch are reversing in the oversold zone.

Trading recommendations:

Sell the pair if it does not grow above 0.5960 with a local target of 0.5735.

The AUDUSD rate online: monitor the movement of the pair in real time.

The US dollar fell during the Asian session to witness its rebound to the third session from its top since February 21 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected today by the American economy and with investors' evaluation of the stimulus in the face of repercussions Corona virus spread globally.

At 05:40 am GMT, the US dollar pair fell against the Japanese yen by 0.50% to 110.65 levels compared to the opening levels at 111.21, after the pair achieved its lowest level during the trading session at 110.46, while achieving the highest at 111.30.

On the Japanese economy, we followed the disclosure of inflation data with the release of the annual services price index, which showed a slowdown in growth to 2.1% versus 2.3% last January, worse than expectations at 2.2%. Otherwise, we followed yesterday called for a city governor Tokyo Yoriko Koike to city residents to avoid unnecessary outings on weekends, avoid crowded places and refrain from going out at night.

The Tokyo Governor Koike also urged residents of the Japanese capital to work from home as much as possible, and this came after the announcement of 41 new cases of corona virus being recorded in Tokyo and that the total cases in Japan reached 1,193 cases, while the deaths reached 43 people, and we followed up last Tuesday, the Prime Minister Japanese Shinzo Abe said he agreed with the International Olympic Committee to postpone the Olympics for a year to be held next year.

On the other hand, investors are currently awaiting by the US economy the disclosure of the GDP reading, which may reflect the stability of the expansion of the largest economy in the world at 2.1% unchanged from the previous initial reading for the fourth and third quarter of the past, as the reading of the same index measured by prices may reflect stability Growth at 1.3%, unchanged from the previous first reading, and against growth of 1.8% in the previous reading for the third quarter.

This comes in conjunction with the issuance of the reading of the benefit requests index for the last week on March 21, which may reflect an increase of 1,367 thousand applications to 1,648 thousand applications compared to 281 thousand requests in the previous weekly reading, as the reading of the continuing benefit requests for the last week may appear on the 14th of This month, an increase of 81 thousand requests to 1,782 thousand requests compared to 1,701 thousand requests in the previous reading.

This also comes in conjunction with the release of the merchandise trade balance index, which may explain the deficit narrowing to $ 64.5 billion compared to $ 65.9 billion in January, and with the disclosure of the initial reading of the wholesale inventory index, which may reflect a decline in the decline to 0.2% compared to 0.4% In January, otherwise, we followed yesterday the White House announcing that it had reached an agreement with Senate leaders on the stimulus package, estimated at $ 2 trillion.

Other than that, yesterday we followed the statements of the Director-General of the World Health Organization, Tidros Adhanum Gebresus, through which he expressed that children are vulnerable to infection with the virus (COVID-19) or what is known in the media as Coronavirus like the rest of the people, explaining that it is the global solidarity to face this serious threat and that The world is preparing for more severe measures to confront the coronavirus.

The Director-General of the organization, Gebrissos, also mentioned that precautionary measures should be taken, such as preventing gatherings and travel in addition to tracking and monitoring infected cases, adding that medical and health personnel, especially in poor countries where the virus is easy to spread, must be protected, according to the latest figures issued by the organization, so the number of cases has increased Infected with the virus to nearly 417,000 and 18,589 people were killed in 196 countries.

Technical analysis

The dollar against the yen trades stable without resisting the descending channel, and today begins today with a noticeable decline away from this resistance, which keeps the downside scenario valid and effective during the upcoming sessions, supported by the stochastic negativity, waiting for the 109.06 level to be tested initially.

On the other hand, we should note that breaching 111.25 and holding above it will stop the negative scenario and lead the price to the upside move.

The expected trading range for today is between 109.50 support and 111.40 resistance.

Expected trend for today: bearish.