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The support level of 0.6768 holds back sellers. A bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness. A descending truncated pattern formed on H8 level.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (AC) breaks through the inclined channel of the descending pattern + formation  of (bC) = buy stop order for the break through the top (aC).

Stop Loss under the support level - 0.6768.

Target levels - 0.6830; 0.6880.

Sber Bank is moving in a sideways path dominated by the resistance of 242.75 from the top and the support of 236.11 from below as it tested these two levels during the last week and was unable to breach them.

The price is moving upwards with positive support from the 20-50 moving averages that move below the price and give it stability to rise and form support levels.

Stochastic started giving signals to change course towards overbought area which will increase the positive pressure on the price to rise and test the resistance level 247.75.

The general trend is: bullish.

The US dollar fluctuated in a narrow bullish range during the Asian session to witness the highest since November 18 against the Japanese yen amid the lack of economic data earlier this week by the Japanese economy, the third largest economy in the world and with looking Monday on the upcoming talk of the governor Federal Reserve Jerome Powell in Rhode Island.

At 05:54 AM GMT, the US dollar against the Japanese yen rose 0.12% to 108.83 levels compared to the opening levels at 108.70 after the pair reached its highest level in a week at 108.85, while the lowest level during the session trading at 108.64, knowing The pair started this week on a bullish price gap after closing last week at 108.66 levels.

Investors in the Japanese economy are looking to reveal inflation data with the release of the annual service price index, which may reflect an acceleration in growth to 1.8% versus 0.5% in September. This comes before the Bank of Japan discloses its core annual reading tomorrow. CPI for October.

On the other hand, investors are awaiting the outcome of the speech of the Federal Reserve Governor Powell, before we see later this week the release of several important economic data for the largest economy in the world that may be reflected later on the decisions and directions of the Federal Reserve policy makers. That cut the federal funds rate by 25 basis points for the third consecutive meeting at the end of last month.

Technical Analysis

USDJPY has managed to break above SMA 50 and hold above it, reinforcing expectations for the continuation of the bullish trend over the coming sessions, aiming to visit 109.33 as the next major stop.

Therefore, we are awaiting further rallies today, noting that a breach of the target will push the price to 110.50 as the next target, while the bullish trend will remain intact unless 108.40 is broken and stability below it.

Expected trading range for today is between 108.00 support and 109.50 resistance.

Expected trend for today: Bullish.

Gold futures fluctuated in a narrow, bullish range during the Asian session, shrugging off the US dollar index rebounding from its lowest level since November 5, according to their inverse relationship on the eve of the upcoming Federal Reserve Governor Jerome Powell speech in Rhode Island today. Monday In the wake of developments in Hong Kong and in the shadow of the developments of the trade war between Washington and Beijing, which exceeded its first year recently.

At 04:58 AM GMT gold futures for February delivery rose 0.04% to trade at $ 1,468.10 an ounce compared to the opening at $ 1,467.50 an ounce, knowing that the contracts started the session on a falling price gap after the close of the week Last at $ 1,470.50 an ounce, while the US dollar index rose 0.01% to 98.27 compared to the opening at 98.26.

On Sunday, we watched the end of Hong Kong's provincial council elections, which reflected a landslide victory for pro-democracy candidates amid record voter turnout there, Reuters reported, following the recent unrest that has overshadowed the trade war. Between Beijing and Washington recently.

In view of the developments in the US-China trade war, we followed up on Saturday. US National Security Adviser Robert O'Brien said it is possible to reach a trade agreement with China by the end of this year. $ 156 billion by December 15 will either freeze its decision until further notice.

US National Security Adviser O'Brien warned that his country would not turn a blind eye to what is happening in Hong Kong. In return, in the latest move by China to ease trade tensions, Beijing announced it would lift sanctions on property violations. US President Donald Trump said Friday he was "very close" to the trade deal.

Technical Analysis

Gold is showing a slight bearish bias to gradually creep towards our awaited target at 1447.00, where it is affected by the already completed upside wedge pattern, awaiting further downside for today, organized within the descending channel shown on the chart above.

Therefore, the bearish scenario will remain valid and effective over the coming period, noting that breaching 1489.00 will stop the expected decline and lead the price to regain the main bullish path again.

Expected trading range for today is between 1440.00 support and 1470.00 resistance.

Expected trend for today: Bearish.

The single currency fluctuated in a narrow range against the US dollar on the eve of developments and economic data expected on Monday by Germany, the euro zone's largest economy and the upcoming talk of the governor Federal Reserve Jerome Powell in Rhode Island.

At 05:27 am GMT, the euro fell against the US dollar by 0.03% to 1.1023 levels compared to the opening levels at 1.1026 after the pair reached its lowest level during the session at 1.1014, while achieving the highest at 1.1029, knowing that the pair started This week it is trading on a bullish price gap after closing last week at 1.1021 levels.

Markets are looking ahead to Germany's release of the IFO Business Climate which may show an expansion to 94.9 vs. 94.6 last October, and the reading of the same indicator of expectations may show an expansion to 92.5 vs. 91.5. It also expanded to 97.9 from 97.8 in October.

Technical Analysis

The EUR / USD pair ended the trading session on Friday with a strong decline and confirmed the breach of 1.1065, to activate the bearish scenario again, affected by the double top pattern, which appears in the picture, waiting for further decline in the coming sessions.

Our expected targets start at 1.0995 then 1.0950, taking into consideration that a break of 1.1065 will stop the expected decline and lead the price to start new recovery attempts targeting mainly 1.1105 then 1.1180 areas.

Expected trading range for today is between 1.0950 support and 1.1180 resistance.

Expected trend for today: Bearish.

The Australian dollar fluctuated in a narrow uptrend range during the Asian session to witness the rebound to the second session of the lowest since November 14, when it tested the lowest since October 17 against the US dollar amid the lack of economic data on Monday by the economy The Australian is looking forward to the upcoming talk of Fed Governor Jerome Powell on Rhode Island.

At 03:45 am GMT, the Australian dollar against the US dollar rose 0.01% to 0.6795 levels, compared to the opening levels at 0.6794, after the pair achieved the highest during the session at 0.6803, while the lowest level at 0.6787, knowing The pair started this week on a bullish price gap after closing last week at 0.6786 levels.

Investors are now looking forward to the Reserve Bank of Australia Assistant Governor in charge of Risk Management Jay Diabel addressing Labor and Wages at the National Conference of the Australian Social Service in Canberra, hours before Australian Central Bank Governor Philip Lowe will deliver a speech on Tuesday. The other is titled "Unconventional Monetary Policy: Some Lessons from Abroad" at the annual dinner for Australian business economists in Sydney.

Technical Analysis

AUDUSD is hovering around the support line shown in the chart above, and is under negative pressure from SMA 50, awaiting further declines over the coming sessions, targeting 0.6725 then 0.6670 mainly.

Conversely, a breach of 0.6840 will halt the bearish outlook and push the pair to a near-term gain of 0.7015.

Expected trading range for today is between 0.6740 support and 0.6820 resistance.

Expected trend for today: Bearish.

The lower border of the upward price channel is broken. The pivot zone 1.6206 holds back sellers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator showed an exit from the overbought zone and is directed downwards.

Trading recommendations:

Sell Below 1.6206.

Stop Loss - 1.6320.

Target levels - 1.6120; 1.6050; 1.5980.

Gold is in downtrend due to the growing risk appetite among investors who believe that the US and China will reach a new trade agreement at the beginning of the next year despite the delay. The declining gold price decline contributes to the strengthening of the US dollar.

The price is below the middle Bollinger bands, below SMA 5 and SMA 14. RSI is located below the level of 50% and gradually decreases. Stoch are in the oversold zone and uninformative.

Trading recommendations:

The breakout of 1456.00 will lead to a further drop to 1444.50.

Today, MTS will present a new development strategy scheduled until 2023. MTS also announced the sale of its subsidiary in Ukraine for $734 million, which on the one hand makes the business safer as it reduces external risks, but on the other hand it is a loss of market. Today will show the investors' reaction. 

The resistance level of 308.60 holds back, and the pivot zone 303.80 sellers. A bearish divergence has formed on Awesome Oscillator, while Stochastic Oscillator showed an exit from the overbought zone.

Trading recommendations:

Sell after closing the hourly candle below the pivot zone 303.80.

Stop Loss at the resistance level 308.60.

Target levels - 297.0; 290.0; 276.0.

When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buy against trend strictly on level retest! 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.