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Cisco shares are trading in a sub-branch rally near the resistance of 53.95 as the price tested it and failed to break it to continue the correction of the ascending channel that was trading within it as the level of 53.98, a historical level has never achieved before.

In general, we are still within the ascending trend in which the stock is trading.

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

The Stochastic started in the bullish cross and therefore we can see the retry trying to breach the resistance again.

It should be noted that a breach of the upside channel will lead to a strong correction movement as a result of the profit taking on the price pushing the price to the downside towards the support level 49.51.

The general trend of the movement is bullish.

The Australian dollar is back in the Australian dollar on a tight range inclined to rise during the Asian session to face the US dollar after the talk of Assistant Governor of the Central Bank of Australia amid the lack of economic data by the Australian economy and on the brink of developments and economic data expected on Thursday by the US economy that includes members of the Federal Open Market Committee.

At 02:34 GMT, the AUDUSD rose 0.10% to 0.7089 compared with the opening levels of 0.7085 after recording a low of 0.7072, while the highest at 0.7105.

Investors are looking forward to what Federal Reserve Vice Governor and Federal Open Market Committee (FOMC) Chairman Randall Quarles will talk about on the Financial Stability Board's agenda at the European Central Bank's policy conference in Frankfurt. It may reflect a rise of 1K to 222K.

In parallel to the reading of GDP reading, which may reflect the contraction of the largest economy in the world to 2.4% compared to 2.6% growth in the previous preliminary reading for the fourth quarter, compared to the expansion of 3.4% in the third quarter, while the same index may reflect the price stability of growth at 1.8% unchanged from the previous preliminary reading for the fourth quarter and the previous reading for the third quarter.

To show housing data, which may reflect slower growth of existing home sales 0.1% from 4.6% in January. The Federal Reserve cut its growth forecast, raised its forecast for unemployment and dropped its expectations for a rate hike this year amidst the province. On its expectations of raising it once next year with its confirmation of interest stabilization and the end of the reduction of bond repurchases in September.

Technical analysis:

Yesterday the AUDUSD supported the bullish intraday channel and started to bounce back from there keeping the upside scenario for the coming period targeting 0.7250 as the next major station.

A break of 0.7115 will facilitate the price action to achieve the awaited target, while stability above 0.7044 is important for the continuation of the expected rise.

The trading range for today is expected among the support at 0.7044 and resistance at 0.7170.

The general trend for today is bullish.

EURUSD

The pair is trading above 1.1250, while still under pressure due to the expected recession in Europe, Brexit uncertainty and overall decreasing demand for risk assets.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory and indicates a slower decline. Stoch are already there and aren’t informative.

Trading recommendations:

Sell the pair after it goes below 1.1250 with a possible target of 1.1185.

Gold futures fluctuated in a tight range sloping upward during the Asian session as the US dollar index rose for the fourth session in six sessions from its lowest since February 4 according to the inverse relationship between them on the eve of developments and economic data expected on Wednesday by the US economy, which includes the talk of a member of the Federal Open Market Committee and the head of Kansas City Federal Reserve St George in New York.

Gold futures for June delivery rose 0.05% to currently trade at $1,315.90 per ounce compared to the opening at $1,315.40 per ounce, while the dollar index rose 0.13% to 96.91, the highest since March 13, compared to the opening at 96.75.

Investors are currently waiting for the US economy to release the current account reading, which may reflect a widening deficit to $130 billion versus $125 billion in the third quarter, in conjunction with the disclosure of the trade balance, which may reflect a contraction of the deficit to $57.2 billion versus $59.8 billion in December.

The Federal Reserve Bank of Kansas Federal Reserve Chairman and the member of the Federal Open Market Committee, Esther George, on the economic outlook and monetary policy at the event hosted by New York University fund-raisers hours after the FOMC meeting on March 19-20. Federal funds were kept at between 2.25% and 2.50%.

Technical analysis:

Gold is trading near the support of the bullish intraday channel. The SMA 50 meets the support of this channel to protect the resumption of trading within it while Stochastic offers a positive cross signal now on the four-hour time frame.

Therefore, these factors encourage us to expect a resumption of the uptrend during the coming sessions targeting 1346.73 as the next major station noting stability above 1302.60 is an important condition for the continuation of the expected rally.

The trading range for today is among the key support at 1305.00 and resistance at 1335.00.

The general trend for today is bullish.

The US dollar fluctuated in a tight range slipping into the Asian session against the Japanese Yen amid a lack of economic data by the Japanese economy, the third largest economy in the world and on the brink of developments and economic data expected Wednesday by the US economy for the open market and the head of Kansas City Federal Reserve St George in New York.

At 05:57 GMT, the pair dropped 0.04% to 110.60, compared to the opening levels at 110.64 after the pair hit a session low of 110.41 and a high of 110.66.

Investors are currently waiting for the US economy to release the current account reading, which may reflect a widening deficit to $ 130 billion versus $ 125 billion in the third quarter, in conjunction with the disclosure of the trade balance, which may reflect a contraction of the deficit to $ 57.2 billion versus $ 59.8 billion in December.

The Federal Reserve Bank of Kansas Federal Reserve Chairman and member of the Federal Open Market Committee, Esther George, on the economic outlook and monetary policy at the event hosted by New York University fund-raisers, hours after the FOMC meeting of 19-20 March Federal funds were kept at between 2.25% and 2.50%.

Technical analysis:

The USDJPY pair traded positively yesterday, approaching the retest of the broken neckline of the double top pattern seen at 110.76, noting that the SMA 50 meets with this resistance to add more strength to it, while Stochastic is showing signs Clear saturation of purchase.

Therefore, these factors encourage us to tilt the bearish trend during the coming sessions, whose targets start to exceed 110.08 to confirm the extension of the downside wave towards 109.40, noting that the continuation of the expected decline depends on stability below 110.76 - 110.86.

The trading range for today is among the key support at 109.70 and resistance at 111.00.

The general trend for today is bearish.

The single currency of the European Union region fluctuated in a narrowly bearish range during the Asian session to see its fourth session retreat in six sessions since its February 4th high against the US dollar on the eve of European Central Bank President Mario Draghi's speech at the European Central Monitoring Conference In Frankfurt, as well as developments and economic data expected Wednesday by the US economy, the largest economy in the world.

At 04:45 GMT, the EURUSD fell 0.09% to 1.1256, compared to the opening at 1.1266, after reaching the lowest level of 12 March at 1.1251, while achieving a high of the session at 1.1277.

Investors are currently waiting for the US economy to release the current account reading, which may reflect a widening deficit to $ 130 billion versus $ 125 billion in the third quarter, in conjunction with the disclosure of the trade balance, which may reflect a contraction of the deficit to $ 57.2 billion versus $ 59.8 billion in December.

The Federal Reserve Bank of Kansas Federal Reserve Chairman and member of the Federal Open Market Committee, Esther George, on the economic outlook and monetary policy at the event hosted by New York University fund-raisers, hours after the FOMC meeting of 19-20 March Federal funds were kept at between 2.25% and 2.50%.

Technical analysis:

The EURUSD pair broke 1.1278 after closing the daily candlestick below it, which does the bearish scenario over the intraday basis, targeting 1.1240 and 1.1180 as the next major stops, so that the bearish bias will prevail in the coming sessions.

SMA 50 is pressuring the pair to support the bearish expectations, which will remain intact unless the 1.1278 level is breached and stability above it, as this breach is considered the first key to start attempts to recover and regain the bullish trend again.

The trading range for today is expected between 1.1170 and 1.1310 support.

The general trend for today is bearish.

The Australian dollar fluctuated in a tight range slipping into the Asian session to see its rebound after a two-day rally against the US dollar as the Australian economy is poor with economic developments and data expected Wednesday by the US economy, the world's largest economy.

At 02:34 GMT, the AUDUSD dropped 0.30% to 0.7100 from the opening levels of 0.7132, after recording a low of 0.7096 and a high of 0.7140.

Investors are currently waiting for the US economy to release the current account reading, which may reflect a widening deficit to $130 billion versus $125 billion in the third quarter, in conjunction with the disclosure of the trade balance, which may reflect a contraction of the deficit to $57.2 billion versus $59.8 billion in December.

The Federal Reserve Bank of Kansas Federal Reserve Chairman and member of the Federal Open Market Committee, Esther George, on the economic outlook and monetary policy at the event hosted by New York University fund-raisers, hours after the FOMC meeting of 19-20 March Federal funds were kept at between 2.25% and 2.50%.

Technical analysis:

The AUDUSD has been trading negatively since opening today to approach the support of the bullish intraday channel shown in the image, but since the price is above 0.7044, the bullish scenario will remain effective for the coming period, awaiting a major 0.7250 visit.

Keep in mind that breaking 0.7044 will put the price under negative pressure targeting 0.6900 areas in the near term.

The trading range for today is expected among the support at 0.7044 and resistance at 0.7170.

The general trend for today is bullish.

Aeroflot managed to break 99.94 support under the 50 MA after the price tried to test it several times during the past week.

The price break of the 7-20 moving averages also increases the negative pressure on the price to push it towards the next support level at 95.78.

Stochastic in the oversold area and leaving this area will push the price higher and test resistance 99.94.

The trading range between 95.78 support and 99.94 resistance.

The general trend of the movement is bearish.

The US dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound for a second straight session since February 8 against the Japanese yen following developments and economic data followed Tuesday by the Japanese economy, the world's third-largest economy, The Federal Open Market Committee (FOMC) and the Federal Reserve Chairman of the Federal Reserve Bank of the United States (EER) Roskernen in Hong Kong and on the eve of economic developments and data expected Tuesday by the US economy, the world's largest economy.

At 05:54 GMT, the USDJPY rose 0.15% to 110.14 compared to the opening levels at 109.97 after the pair hit a session high of 110.24 and a low of 109.94.

We followed the Japanese economy by revealing the Bank of Japan's summary report in conjunction with the annual reading of the PPI for services, which showed growth accelerated to 1.1% from 1.0% in January, to the detection of inflation data with the reading Core CPI, which showed a slowdown in growth to 0.4% vs. 0.5% in January.

The markets are also looking ahead to the US economy to release housing market data with the Housing Starts and Building Permits reading, which may reflect a decline in February, where building permits are expected to drop 1.3% to 1,300,000 versus a rise 1.40% at 1,345 thousand, and the index of construction starts may show a decline of 0.8% at 1,220 thousand homes against a rise of 18.6% at 1,230 thousand homes.

This comes ahead of the reading of the Home Price Index, which may reflect the acceleration of growth to 0.4% versus 0.3% last December, leading to the Consumer Confidence reading, which may reflect a widening to 132.1 vs. 131.4 in February, In conjunction with the release of the Rachamund Industrial Index, which may show a widening contraction to 12 versus 16 in February.

Technical analysis:

The USD/JPY pair has fluctuated around the 110.08 level since yesterday, which represents the previously broken 38.2% Fibonacci level, while SMA 50 continues to press the pair negatively, so the negative effect of the previously completed double top pattern remains effective, Which targets 109.40 and then 108.80 as the next major stops.

Keep in mind that a rally up and breaching 110.76 - 110.86 will stop the suggested bearish wave and push the price back to retrace the upside move again.

The trading range for today is expected among the support at 109.20 and the resistance at 110.70.

The general trend for today is bearish.

Google shares reached 1236.28 resistance and could not breach the resistance 1 to bounce back towards a bearish correction towards the SMA 20 which is a support level for the price and gives a positive bullish momentum.

Overall, Google shares continue to move within the rising channel that has been moving in since the beginning of the year.

The price is moving below the moving average 7 and moving towards the 20 MA which is at the support level 1175.41 while the SMA 50 at the next support 1137.90.

Stochastic has emerged from an area resembling a buy in a move down and reflected on the price as seen in the picture.

The range of movement between support 1137.90 and resistance: 1236.30.