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Sbrr Bank share reached the resistance level of 260.00 after the stock managed to breach the resistance 250.00 it reached last week and rebounded from it in a correction of the strong upward path that was formed after the stock managed to breach the upper bound of the descending channel it was moving within after it broke through several levels To resist.

The price is moving above the moving averages 50-20-7. Therefore, the price confirmed the upside path, and we await a re-test of the 250.00 level.

The current price action takes place between the support level 232.70 and the resistance level 270.00 over the intermediate period which will be the main targets of the price action.

General direction of movement: Bullish path

AUDJPY

The 77.11 resistance level is holding back buyers. The H8 and H4 level patterns are truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals an overbought condition.

AUDJPY rate online: monitor the price movement in real time.

Trading recommendations:

Sell strictly when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending H8 level pattern.

Stop Loss: beyond the local maximum.

Target levels: 75.45; 74.20.

#KO
The overall trend is upward. A "start fractal" has formed above the 135 EMA, breaking through the fractal will result in the formation of a 1-2-3 ascending pattern. Stochastic Oscillator signals an oversold condition.
#KO rate online: monitor the price movement in real time.

Trading recommendations:
Buy above 52.33.
Stop Loss: 51.00.
Target: 54.26.

EURUSD

The pair rose significantly amid the news about the economic support fund in the eurozone, as well as the likely adoption of a new pandemic stimulus package in the US, as reported on Tuesday. This results in a weaker dollar and supports the growth of the pair. A corrective decline is also a possibility after this news has been priced in.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone and is moving horizontally. Stoch are also in this zone, but are uninformative.

EURUSD rate online: monitor the price movement in real time.

Trading recommendations:

If the pair drops below the 1.2060, it may go further to 1.2035. Buy it from this level, and if it remains above 1.2060, there is a possibility for further growth to 1.2155.

EURUSD

The pair is trading below 1.1960 after yesterday’s 1.2000 and the following drop amid the local stock sell-off, and the overall decrease in risk appetite among investors.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and indicates a weaker growth. Stoch are turning up.

#EURUSD rate online: monitor the price movement in real time.

Trading recommendations:

Sell the pair if it breaks the 1.1960 with a likely drop to 1.1900.

Tuesday, December 1st, today’s news—factory activity in China hits 10-year high, Asian markets rise. Dow is rising after Wall Street's strongest month since 1987, European markets also rise following the global trend, dollar weakens. The price of Brent oil is $47.90, WTI—$45.33, EUR/USD is at 1.1981, GBP/USD—1.3357, gold is $1,797.95 per ounce.

The US dollar fluctuated in a narrow range slanting to an upside during the Asian session against the Japanese yen, after the economic developments and data adopted by the Japanese economy and on the cusp of economic developments and data expected today, Tuesday, by the US economy, the largest economy in the world, which includes the testimony of Federal Reserve Governor Jerome Powell to Congress. About the loan program to cope with emergency epidemics.

At exactly 06:59 am GMT, the US dollar against the Japanese yen rose by 0.07% to 104.38 levels compared to opening levels at 104.31, after the pair achieved its highest level during the session’s trading at 104.46, while it reached its lowest level at 104.25.

We followed up on the Japanese economy, the release of the unemployment rate index reading, which showed a rise to 3.1%, in line with expectations, compared to 3.0% last September, before we witnessed the capital spending index reading showed a decline in decline to 10.6% compared to 11.3% in the last second quarter, Surpassing expectations, which indicated a widening decline to 12.0%.

Up to the disclosure of the final reading of the manufacturing PMI by Markit on Japan, which showed the contraction of the deflation to a value of 49.0 compared to the initial reading of last month and expectations of 48.3 and compared to 48.7 last October, otherwise, we followed yesterday the statement of the Japanese Finance Minister Taro Aso said that his country's economy is in a very difficult situation due to the Corona pandemic.

On the other hand, the markets are looking to reveal the final reading of the manufacturing PMI by Markit from the United States, which may reflect the stability of the expansion at a value of 56.7, unchanged from the preliminary reading for the past month and compared to 53.4 in October, before we witness from Before the US economy, the construction spending index was released, which shows growth accelerating to 8.0%, compared to 0.3% in September.

This comes in conjunction with the disclosure by the largest industrial country in the world of a reading of the Industrial Supply Institute index, which may show a decrease in the expansion to a value of 57.9 compared to 59.3 in the previous reading for the month of October, as the reading of the same index measured by prices may indicate that the expansion has decreased to what Its value is 65.0 against 65.5 in October.

This also coincides with the start of the testimony of Federal Reserve Governor Jerome Powell before Congress in both houses of the House and Senate in Washington today and tomorrow Wednesday regarding the "CARES" law, and this comes hours after the Federal Reserve announced that the liquidity facility will be extended for commercial papers, money markets and major traders. And the payroll check protection program until the end of March 2021.

We would like to point out that the Federal Reserve made it clear in its statement yesterday that these programs are separate from the credit facilities that the US Treasury Department recently ordered to close by the end of this month, and it is reported that Treasury Secretary Stephen Mnuchin sent a message last month to Federal Reserve Governor Powell stating that the amount of $ 455 billion The CARES appropriation must be available to Congress for reallocation.

Technical analysis

The dollar against the yen bounced back significantly yesterday, reaching the pivotal resistance 104.50, accompanied by the stochastic index reaching overbought areas, which supports the strength of the current resistance areas and provides opportunities for a bearish rebound to resume the negative main scenario.

So far, the bearish trend scenario remains valid unless breaching 104.50 and holding above it, as breaching it will push the price to test 105.20 as a next positive target, while the expected downside wave targets start at 103.65 and extend to 103.00.

The expected trading range for today is between 103.65 support and 105.00 resistance

The expected general trend for today: Bearish

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness their rebound to the second session from its lowest since the second of July, overlooking the negative stability of the US dollar index near its lowest in more than two and a half years according to the inverse relationship between them on the cusp of developments And economic data expected today, Tuesday, by the US economy, the largest economy in the world, which includes the testimony of Federal Reserve Governor Jerome Powell to Congress about the lending program to cope with emergency epidemics.

At exactly 05:52 a.m. GMT, gold futures contracts for next February delivery rose 0.48% to trade at $ 1,788.90 an ounce, compared to the opening at $ 1,780.30 per ounce, knowing that the contracts started the session on a downward price gap after yesterday's trading was concluded At $ 1,780.90 per ounce, with the US dollar index declining 0.09% to 91.82 compared to the opening at 91.90.

The markets are looking forward to unveiling the final reading of the manufacturing PMI by Markit from the United States, which may reflect the stability of the expansion at a value of 56.7, unchanged from the initial reading for the month of November and compared to 53.4 in October, before we witness from Before the US economy was released, the construction spending index reading, which shows an acceleration of growth to 8.0%, compared to 0.3% last September.

This comes in conjunction with the disclosure by the largest industrial country in the world about the reading of the Industrial Supply Institute index, which may show a decrease in the expansion to a value of 57.9 compared to 59.3 in the previous reading for the month of October, and the reading of the same index measured by prices may show that the expansion has decreased to It was worth 65.0, compared to 65.5 in October.

This also coincides with the start of the testimony of Federal Reserve Governor Jerome Powell before Congress in both houses of the House of Representatives and Senate in Washington today and tomorrow Wednesday regarding the "CARES" law, and this comes hours after the Federal Reserve announced that the liquidity facility program for commercial papers, money markets and major traders will be extended. And the payroll check protection program until the end of March 2021.

We would like to point out that the Federal Reserve made it clear in its statement yesterday that these programs are separate from the credit facilities that the US Treasury Department recently ordered to close by the end of this month, and it is reported that Treasury Secretary Stephen Mnuchin sent a message last month to Federal Reserve Governor Powell stating that the amount of $ 455 billion The CARES appropriation must be available to Congress for reallocation.

In the same context, the Federal Reserve had previously issued a statement stating that it “prefers that the entire group of emergency facilities that were established during the Corona pandemic continue to play an important role as a support for our economy, which is still suffering from stress and weakness,” and this came within the Federal's work on Reassure financial markets and investors that credit will remain available to help companies, local agencies, and even non-profit organizations during the pandemic.

We would like to point out that some of the report recently indicated the possibility that monetary policy makers at the Federal Reserve will expand the adoption of monetary stimulus during the current December meeting, especially after announcing that it will comply with the Treasury's request to return unused funds. Otherwise, investors are also looking to Later this week, the US labor market data for November was revealed.

Technical analysis

Gold price found strong support at 1765.00, to bounce up and head towards achieving expected gains on the intraday basis, and by carefully looking at the chart, we find that the price has completed forming a bullish pattern, which means that opportunities are available to achieve positive targets beyond 1794.84 to reach 1805.00.

Thus, the bullish bias will be expected for today, taking into consideration that a breach of 1780.00 will stop the suggested positive scenario and pressurize the price to resume the main bearish trend again.

The expected trading range for today is between 1770.00 support and 1805.00 resistance

The expected general trend for today: Bullish

Gazprom is correcting the ascending path after reaching the resistance level 184.75 after confirming the upside path, after breaching the resistance 180.70 and closing above it. And also after exiting the descending channel in which it was moving.
The price is moving above the 20-50 moving averages, which is a positive sign for a continuation of the upside path.
While we have resistance at 201.50 and major support at 170.00.
We notice that the stochastic indicator exited from the overbought area in a downward path, and this coincides with the price's corrective decline to the support level of 170.00
The price action will be between the support level 170.50 and the resistance level 201.00.
The general direction of the movement is up.

AUDCAD

The price pivot zone 2 of the wave 5 of an H8 level ascending five-wave pattern is broken by the assumed wave (A H2). A breakout of the support level of 0.9522 will result in the formation of a descending wave pattern. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals an overbought condition.

AUDCAD rate online: monitor the price movement in real time.

Trading recommendations:

Sell when the support level is broken at 0.9522.

Stop Loss: 0.9620.

Target levels: 0.9432; 0.9250.