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Sber Bank had broken the support level 224.64 at 50% Fibonacci retracement. And closed underneath. Having managed to breach the 50 MA also.

The price is moving downtrend after it failed previously to break the resistance of 235.96.

The price moves below the 20-50-7 moving averages which forms price resistance levels.

Stochastic is moving within a bearish path and is able to enter the oversold area, which will press the price down and hold the resistance level.

Expected movement between 210.8 support and 244.06 resistance.

Overall trend: Bearish.

The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the fifth consecutive session from the highest since September 19 against the Japanese yen following the developments and economic data followed by Monday by the Japanese economy and amid the lack of economic data at the beginning of this Week by the largest US economy in the world.

At 05:59 AM GMT, USD / JPY fell 0.09% to 106.87 levels from 106.97 opening levels, after hitting a session low of 106.57 and a high of 107.05. The pair started the session on a bullish price gap after closing last week at 106.94 levels.

On the Japanese economy, we followed the release of the leading indicators which showed the contraction widened to 91.7 vs. 93.7 in July, worse than expectations for a contraction to 91.8. Otherwise, we followed last Friday the Japanese Prime Minister Shinzo August expressed The fact that his Government is prepared to take all necessary measures without hesitation to maintain the recovery of economic growth in the third largest economy in the world.

Japanese Finance Minister Taro also pointed out last Friday that there is no urgent need to strengthen monetary easing by the Bank of Japan, which came after the Japanese government activated its decision to increase sales tax to 10% from 8% at the beginning of this month. This is amid concern about the implications of the decision on the future recovery of the economy, which continues to suffer from the stability of wage growth and weakening the growth of consumer spending.

Japanese Foreign Minister Taro Kono also said at the end of last week that Tokyo and Washington intend to activate their recent trade agreement at the United Nations as of early 2020, noting that the United States wants the trade deal to take effect early. Next January and that Japan has no objection to that date.

On the other hand, investors are looking forward to brief remarks by Federal Reserve Governor Jerome Powell at a movie premiere in Salt Lake City, and his participation on Wednesday in the Federal Reserve's listening panel discussion in Kansas City.

This comes ahead of the release on Wednesday of the minutes of the FOMC meeting held on 17-18 September, in which it was approved to cut the federal funds rate for the second time in a row by 25 basis points to between 1.75% and 2.00 This was in line with expectations, with the Commission's expectations for growth, inflation and unemployment in addition to the future of interest rates for the next three years.

Fed Governor Powell noted at the end of last week's opening remarks at a Fed event in Washington that the US economy is good so far and that the Fed's task is to keep the economy as strong as possible. Approaching the target at two percent.

Powell also said Friday that the US economy faces long-term challenges as low interest rates make it harder to cut interest rates on federal funds in a recession, adding that the Fed is now looking at how efficient monetary policy tools are currently available. This year there are two meetings of the Federal Open Market Committee and they will discuss the state of the economy.

Technical analysis

USDJPY has retested the broken neckline of the previously completed double top pattern and held it below it, to maintain the negative effect of this pattern, and the price needs to break above 106.70 to confirm heading towards our next targets which are located at 106.06 then 105.50.

Therefore, we hold onto our bearish outlook, supported by the negative signal now provided by the Stochastic, provided that the price stays below 107.70.

Expected trading range for today is between 105.80 support and 107.50 resistance.

Expected trend for today: Bearish.

Gold futures fluctuated in a narrow range tilted lower during the Asian session amid the positive stability of the US dollar index for the first time in five sessions according to the inverse relationship between the lack of economic data earlier this week by the US economy, the largest economy in the world and amid looking forward to the upcoming Monday to Fed Governor Jerome Powell.

At 04:05 AM GMT gold futures for December delivery fell 0.22% to trade at $ 1506.33 an ounce compared with the opening at $ 1508.60 an ounce, amid the US dollar index rose 0.02% to 98.84 compared to the opening at 98.82.

Investors are looking forward to brief remarks by Fed Governor Jerome Powell at a movie premiere in Salt Lake City, ahead of Tuesday's speech, "A Look from the Federal Reserve," at the annual meeting of the National Association of Business Economics in Denver. Before taking part on Wednesday in the Federal Reserve's listening panel discussion in Kansas City.

This comes ahead of the release on Wednesday of the minutes of the Federal Open Market Committee meeting held on September 17-18, which was approved by the Federal Reserve to cut interest rates for the second time in a row by 25 basis points to between 1.75% and 2.00 This was in line with expectations, with the Commission's expectations for growth, inflation and unemployment in addition to the future interest rates for the next three years.

Fed Governor Powell noted at the end of last week's opening remarks at a Fed event in Washington that the US economy is good so far and that the Fed's task is to keep the economy as strong as possible. Approaching the target at two percent.

Powell also said Friday that the US economy faces long-term challenges as low interest rates make it harder to cut interest rates on federal funds in a recession, adding that the Fed is now looking at how efficient monetary policy tools are currently available. This year there are two meetings of the Federal Open Market Committee and they will discuss the state of the economy.

Later this week, markets are looking forward to a new round of high-level US-China trade talks in Washington as part of efforts to resolve trade disputes ahead of a possible escalation of the trade war by mid-month. US tariffs on Chinese goods worth $ 250 billion to 30% from 25% on the 15th of this month.

US President Donald Trump said Friday that he believes there is a good chance of reaching a trade deal with China. He said that when he talks with leaders of other countries, he is doing the right way, amid concerns that some opposition Democratic Party members are for his ruling Republican Party, they may hinder the efforts being made to reach an agreement with China.

Technical analysis

Gold remains confined between the pivotal levels of 1485.00 support and resistance now rising to 1530.00, where this support forms the neckline of a previously formed head and shoulders pattern, while resistance represents the broken main trend line, thus the price needs to breach one of these levels to determine its next destination. More accurately.

The breach of the mentioned support will put pressure on the pair for further bearish correction, where the next target is located at 1447.00, while breaching the resistance represents the key to return to the main bullish trend again, targeting 1555.00 as the first stop.

Expected trading range for today is between 1485.00 support and 1530.00 resistance.

Expected trend for today: Neutral.

The single currency of the European Union fluctuated in a narrow, bullish range during the Asian session to witness the bounce for the fifth consecutive session from the lowest since May 12, 2017 against the US dollar on the eve of developments and economic data expected on Monday by the euro zone economies and amid This week's economic data was tightened by the world's largest economy.

At 05:03 AM GMT the EURUSD rose 0.02% to 1.0981 levels compared to the opening at 1.0979 after the pair reached its highest level during the session at 1.0990, while the lowest level at 1.0970.

Markets from the euro zone's largest economy are looking to reveal the factory orders index, which may show a decline to 0.4% from 2.7% in July, and the seasonally adjusted annual reading of the same index may show a decline to 6.6% from 5.6% Before we see the release of the Sentix consumer confidence index for the euro area as a whole, which shows deflation widened to 12.9 from 11.1 in September.

On the other hand, investors are looking forward to brief remarks by Federal Reserve Governor Jerome Powell at a movie premiere in Salt Lake City. And his participation on Wednesday in the Federal Reserve's listening panel discussion in Kansas City.

This comes ahead of the release on Wednesday of the minutes of the FOMC meeting held on 17-18 September, in which it was approved to cut the federal funds rate for the second time in a row by 25 basis points to between 1.75% and 2.00 This was in line with expectations, with the Commission's expectations for growth, inflation and unemployment in addition to the future of interest rates for the next three years.

Fed Governor Powell, at the end of last week's opening remarks at a Fed event in Washington, listened to the fact that the US economy is good so far and that the Fed's task is to keep the economy strong for as long as possible. Approaching the target at two percent.

Powell also said Friday that the US economy faces long-term challenges as low interest rates make it harder to cut interest rates on federal funds in a recession, adding that the Fed is now looking at how efficient monetary policy tools are currently available. This year there are two meetings of the Federal Open Market Committee and they will discuss the state of the economy.

Technical analysis

The EURUSD stabilized around 1.0980 and keeps the price flat within the descending channel shown above, keeping the overall bearish scenario valid for now, awaiting a visit to 1.0840 as the next major stop.

Keep in mind that the breach of 1.1030 will stop the suggested decline and lead the price to start recovery attempts over intraday basis.

Expected trading range for today is between 1.0870 support and 1.1050 resistance.

Expected trend for today: Overall bearish.

The Australian dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the rebound to the second session of the lowest since early October, when it tested the lowest since March 18, 2009 against the US dollar amid the lack of economic data earlier this week before The Australian economy and its counterpart the US economy, the largest in the world and amid looking forward to the forthcoming speech on Monday by the Federal Reserve Governor Jerome Powell.

At 02:59 AM GMT, the AUDUSD fell 0.18% to 0.6751 levels, compared to the opening levels of 0.6763, after the pair reached its lowest level during the session at 0.6747, while achieving the highest at 0.6766, knowing The pair started the session on a bearish price gap after last week's trading at 0.6771 levels.

Investors are looking forward to brief remarks by Fed Governor Jerome Powell at a movie premiere in Salt Lake City, ahead of Tuesday's speech, "A Look from the Federal Reserve," at the annual meeting of the National Association of Business Economics in Denver. Before taking part on Wednesday in the Federal Reserve's listening panel discussion in Kansas City.

This comes ahead of the release on Wednesday of the minutes of the Federal Open Market Committee meeting held on September 17-18, which was approved by the Federal Reserve to cut interest rates for the second time in a row by 25 basis points to between 1.75% and 2.00 This was in line with expectations, with the Commission's expectations for growth, inflation and unemployment in addition to the future interest rates for the next three years.

Fed Governor Powell noted at the end of last week's opening remarks at a Fed event in Washington that the US economy is good so far and that the Fed's task is to keep the economy as strong as possible. Approaching the target at two percent.

Powell also said Friday that the US economy faces long-term challenges as low interest rates make it harder to cut interest rates on federal funds in a recession, adding that the Fed is now looking at how efficient monetary policy tools are currently available. This year there are two meetings of the Federal Open Market Committee and they will discuss the state of the economy.

Technical analysis

AUD / USD stabilizes around 0.6750, noting that Stochastic is reaching the overbought areas, waiting for the price to stimulate the resumption of the bearish main trend, supported by SMA 50, waiting for heading towards 0.6595 as the next major stop, noting the importance of Consolidation below 0.6840 for the continuation of the expected decline.

Expected trading range for today is between 0.6680 support and 0.6800 resistance.

Expected trend for today: Bearish.

Today Sberbank will present financial statements according to RAS (Russian Accounting Standards) for 9 months of 2019. A positive report will push the price once  again.

The support level of 222.0 holds back sellers. The pivot level of 225.5. provides resistance to buyers. Awesome Oscillator indicator shows the formation of a bullish divergence.

Trading recommendations:

Buy above the pivot level of 225.5 on the formation of an upward pattern 123.

Spot Loss under the support level 222.00.

Target levels – 230.87; 235.80; 244.90.

 The pair consolidates above the level of 106.70 due the release of new inflation data, the publication of the minutes of the Fed's September meeting on monetary policy, as well as the speech of J. Powell this week.

The price is below the middle Bollinger band indicator, above SMA 5, but below SMA 14. RSY is below 50% and moves horizontally. Stoch are in decline.

Trading recommendations:

The pair can correct to the upper limit of the range 106.70-107.05. If it holds there, the price nay reverce, pass the level of 106.70, and a drop further to 106.20.

Analysis based on round-number levels, price channels and modified Elliot Waves

The overall trend of the currency pair is downward. The price is in the range of 365 and 135 moving averages. The breakout of the support level 1.2275 will result in the formation of an H1 level descending pattern within the wave (C) of a H12 level descending pattern.

Trading recommendations:

Sell below 1.2275.

Stop loss – 1.2350.

Target levels – 1.2209 (closing ½ order and moving to breakeven); 1.2063 (138.2% F).

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on 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.

The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the fourth consecutive session from the highest since September 19 against the Japanese yen amid the lack of economic data from the Japanese economy and on the eve of developments and economic data expected on Friday by the US economy These include the speech of the Governor of the Federal Reserve and the speech of members of the Federal Open Market Committee.

At 06:13 am GMT the USDJPY fell 0.10% to 106.81 levels from 106.92 opening levels, after hitting a session low of 106.75 and a high of 106.93.

Investors are awaiting the US economy to release last month's labor market data, which could reflect a steady unemployment rate of 3.7%, little changed from August, while the change in jobs index for non-agricultural sectors may show accelerated job creation. The average earnings per hour may show growth slowed to 0.3% vs. 0.4%.

This comes in conjunction with the release of the Trade Balance Index, which may reflect the widening of the deficit to $ 54.7 billion compared to $ 54.0 billion in July, and with the opening of the Federal Open Market Committee and Chairman of the Federal Reserve Bank of Boston, Eric Rosengren opening remarks of the annual conference hosted by the Bank Federal Reserve in Boston.

Federal Reserve Governor Jerome Powell gave the opening remarks at the Fed listening event hosted by the Federal Reserve Bank of Washington, before FOMC and Fed Governor Lyle Brainard moderated a panel discussion titled "Measuring Maximum Employment." In a changing labor market "and within the realities of a Fed event listens.

Markets are also looking forward to Federal Reserve Chairwoman and Kansas City Federal Reserve Chairman Esther George concluding remarks at the 61st annual meeting of the National Association of Business Economics in Denver, before another panelist and Fed deputy Randall Quarles oversaw a panel discussion on the importance of stability. Prices and lower inflation in today's economy "and that also within the realities of the event the Fed listens.

This comes amid anticipation of any hints about the future of monetary policy by the Federal Reserve in the wake of a series of disappointing economic data from the US economy, which boosted the chances of monetary policy makers at the Federal Reserve to cut interest rates for the third time in a row by 25 basis points during a meeting The FOMC is next with the end of this month.

Technical Analysis

USDJPY succeeded in achieving our first awaited target at 106.70, and completed the formation of the double top pattern shown in the picture, to support the expectations for the extension of the descending wave in the short and short term, on its way to achieve negative targets reaching 106.06 and then 105.50.

Therefore, we are waiting for further declines in the coming sessions unless the price pushes to breach 107.70 and hold above it.

Expected trading range for today is between 105.80 support and 107.50 resistance.

Expected trend for today: Bearish.