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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 is moving in a bearish path but it is 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 to the upside.

The US dollar fluctuated in a narrow range upward during the Asian session to witness the rebound for the third session of its lowest since November 4 against the Japanese yen amid the lack of economic data earlier this week by the Japanese economy and on the eve of developments and economic data expected on Monday By the American economy the largest economy in the world.

At 05:53 AM GMT the USDJPY rose 0.02% to 108.82 levels from the opening levels of 108.80, after hitting a session high of 108.87 and a low of 108.67.

Investors in the US economy are awaiting the release of the housing market data with the release of the housing index by the National Association of Home Builders, which may reflect stability at 71 in November. This comes before we will see tomorrow the reading of both the housing starts. The building permit and expectations of a decline in building permits and the rise of homes started in October will shrink.

Technical Analysis

USDJPY is showing positive trades and is attempting to return to the ascending channel shown in the picture, reinforcing expectations for the continuation of the bullish trend over the coming sessions, whose targets start at 109.33.

Therefore, we hold onto our bullish outlook provided that stability is above 108.40, reminding that exceeding the first target will push the price to 110.50 as the next major stop.

Expected trading range for today is between 108.40 support and 109.60 resistance.

Expected trend for today: Bullish.

The single currency fluctuated in a narrow, bullish range during the Asian session to rebound for the third consecutive session from the lowest since October 10 against the US dollar on the eve of the release of the German central bank's monthly report and developments and economic data expected on Monday before The US economy is the largest in the world.

At 05:07 AM GMT the EURUSD rose 0.08% to 1.1061 levels from the opening levels of 1.1052, after hitting a session high of 1.1065 and a low of 1.1048.

Investors in the US economy are awaiting the release of the housing market data with the release of the housing index by the National Association of Home Builders, which may reflect stability at 71 in November. This comes before we will see tomorrow the release of both housing starts and a statement. Construction and amid expectations of shrinking building permits and the rise of homes started construction during October.

Technical Analysis

EUR / USD is showing more bullish bias to reach the most important resistance level at 1.1065, which is indicative of the price attempting to regain the bullish trend and stop the bearish correction that dominated recent trading, supported by moving above SMA 50, but in contrast, the negative effect remains The double top pattern is effective, along with clear overbought signs through Stochastic.

Therefore, this inconsistency between technical factors makes us prefer to remain neutral until we get a clearer signal for the next trend, noting that breaching 1.1065 then 1.1105 will lead the price to achieve further gains and head towards areas up to 1.1280, while a break of 1.0995 will put pressure on the price. To the downside towards 1.0950 then 1.0880 as the next negative targets.

Expected trading range for today is between 1.0970 support and 1.1150 resistance.

Expected trend for today: Neutral.

The Australian dollar fluctuated in a narrow, bullish range during the Asian session to witness the rebound of the third session of the lowest since October 17 last against the US dollar on the eve of developments and economic data expected on Monday by the Australian economy and its counterpart the largest economy in the world.

At 02:53 AM GMT, the Australian dollar against the US dollar rose 0.10% to 0.6816 levels, compared to the opening levels at 0.6809, after the pair achieved the highest during the session at 0.6821, while the lowest level at 0.6804, knowing The pair started the session on a bullish price gap when it ended last week's trading at 0.6817.

Investors are currently awaiting the release of the October Leading Indicators before we see the Reserve Bank of Australia's assistant governor on financial markets, Christopher Kent, taking part in a panel discussion entitled "Regulatory Update on Valuation" at the Australian Securitization Forum in Sydney. Hours before the Reserve Bank of Australia's minutes were released on Tuesday.

On the other hand, markets are looking to reveal the US housing market data with the release of the housing index by the National Association of Home Builders which may reflect stability at 71 in November, and that comes before we see tomorrow the release of both the beginning of the housing starts and a statement Construction amid expectations that building permits will shrink to 0.8% for 1,381,000 permits versus 2.7% at 1,387,000 in September, while the start-up may reflect a 4.9% rise to 1,318,000 versus a 9.4% decline at 1,256,000.

This comes hours after the expiry of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before Congress last Thursday, which noted that the economy of his country is good and that growth is moderate and the labor market is strong and that he does not expect any economic disaster any time soon, with the exclusion of any adjustment In monetary policy whether to cut or raise interest rates on federal funds during the remainder of this year, adding that the monetary policy makers at the Federal Reserve are currently assessing decisions to cut interest rates three times recently and its impact on the economy.

Technical Analysis

AUDUSD is trading below SMA 50, with negative pressure remaining intact for the upcoming period, awaiting a move towards 0.6725 then 0.6670 which represents our main negative targets.

Conversely, a breach of 0.6840 could push the price to initiate recovery attempts targeting 0.6925 areas and may extend to 0.7015 before any fresh attempt to fall.

Expected trading range for today is between 0.6750 support and 0.6840 resistance.

Expected trend for today: Bearish.

Gold futures fluctuated in a narrow range, tilted lower during the Asian session, shrugging off the decline of the US dollar index for the fourth consecutive session from its highest since October 15 last in accordance with the inverse relationship between them on the eve of developments and economic data expected Monday by the economy In the shadow of the market pricing for opportunities to resolve the trade war between the United States and China, which has passed its first year recently.

At 03:55 am GMT, gold futures for December delivery fell 0.12% to trade at $ 1,466.10 an ounce compared with the opening at $ 1,467.80 an ounce, knowing that the contracts started the session on a falling price gap after the close of trading Last week was at $ 1,468.50 an ounce, while the US dollar index fell 0.07% to 97.91 compared to the opening at 97.98.

Investors in the US economy are awaiting the release of the housing market data with the release of the housing index by the National Association of Home Builders, which may reflect stability at 71 in November. This comes before we will see tomorrow the release of both housing starts and a statement. Construction and amid expectations of shrinking building permits and the rise of homes started construction during October.

This comes hours after the end of the semi-annual testimony of the Governor of the Federal Reserve Jerome Powell to Congress, which noted that the economy is in good condition and that growth is moderate and the labor market is strong and that he does not expect any economic disaster any time soon, with the exclusion of any policy adjustment Monetary either cut or raise interest rates on federal funds during the remainder of this year.

In the same context, the market is looking forward to the release of the minutes of the Federal Open Market Committee meeting held on October 29-30 during which it decided to cut interest rates for the third time in a row by 25 basis points to between 1.50% and 1.75%. , Amid the signal then that the subsequent adjustment of the monetary policy of the Fed will require a large and sustained movement in inflation to consider resumed rate hikes.

Apart from that, we followed Chinese Vice Premier Liu Hu's phone call Saturday morning with US Treasury Secretary Stephen Munchen and US Trade Representative Robert Leitzer on the "Phase I" deal, according to Chinese state media. They talked about the fact that the two sides had "constructive talks" on their "fundamental concerns" and agreed to keep in close contact.

Chinese Ministry of Commerce spokesman Gao Feng Noh said last Thursday that China and the United States are in deep discussions on the "first phase" deal, saying that the retreat of some tariffs is the key to reaching an agreement. "This is an important condition for both parties to reach an agreement," he said.

White House economic adviser Eric Wadlow also noted Thursday that Washington was "approaching" a trade deal with Beijing, and we would like to point out that some of the report recently touched on the postponement of the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping to sign an interim trade agreement from Later this month to next month, the date or venue of their upcoming meeting has yet to be revealed.

Technical Analysis

The price of gold continues to fluctuate near the resistance of the descending corrective channel and still below it, noting that the stochastic is losing significantly positive momentum, while the moving average is forming 50 negative negative pressure against the price.

Therefore, these factors encourage us to continue to favor the bearishness during the coming sessions, which aims to test the level of 1447.00 initially, bearing in mind that the breach of 1470.00 will push the price to visit 1489.00 before any new attempt to decline.

Expected trading range for today is between 1447.00 support and 1475.00 resistance.

Expected trend for today: Bearish.

The pair is trading below the level of 1.1075 due the weaker yields of US treasuries, while the short positions are closing en masse in anticipation of ECB head Christine Lagarde's speech this Friday. She is expected to reveal both her own and the regulator's attitude regarding the bank's future monetary policy.

The price is above the middle Bollinger bands, above SMA 5 and SMA 14. RSI is located below the overbought zone. Stoch crossed in the overbought zone.

Trading recommendations:

If the pair does not rise above 1.1075, it may make a local reversal and resume droping to 1.1000.

The currency pair is traded at the upper boundary of the descending price channel and at the upper boundary of the Ichimoku cloud. The Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy strictly while the descending structure is forming, where the wave (AU) breaks through the inclined channel of the ascending structure.

A Stop Loss of 0.6420.

Target levels - 0.6358; 0.6325.

Trading ideas for Alcoa Corp. (NYSE)

The support level of 20.40 held back sellers.  The stock is trading in the range of 365 and 135 moving averages directed upwards. The Stochastic Oscillator indicator signals oversoldness. Breaking through the resistance level 21.20 will result in the formation of an upward pattern 123.

Trading recommendations:

Buy above 21.20.

Stop Loss below the support level of 20.40.

The target is 23.00.

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.

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.