Midday update for Crude oil 03-01-2018
The sideways range continues to dominate Crude oil price trades, and as long as the price is above 59.50, our positive overview will remain active for today, supported by stochastic current positivity, waiting to head towards 63.20 as a next main station, noting that the EMA50 keeps protecting trades inside the bullish channel that appears on the chart.
Expected trading range for today is between 59.50 support and 63.00 resistance.
Expected trend for today: Bullish
Midday update for Gold 03-01-2018
Gold price shows slight bullish bias now that hints resuming the main bullish trend, waiting to get rid of the negative momentum that affects the recent trades to manage to breach 1321.49 level and open the way to achieve more gains in the upcoming period.
In general, we will keep our bullish overview on the intraday and short term basis conditioned by holding above 1299.20, reminding you that our extended target reaches 1357.53.
Expected trading range for today is between 1305.00 support and 1325.00 resistance.
Expected trend for today: Bullish
Midday update for GBPUSD 03-01-2018
The GBPUSD pair shows sideways and tight trades since morning, settling near 1.3618 level, and the EMA50 keeps providing the positive support to the price, to keep the bullish trend active for today, waiting to breach the mentioned level to open the way to head towards 1.3800, reminding you that it is important to hold above 1.3520 to achieve the waited targets.
Expected trading range for today is between 1.3520 support and 1.3700 resistance.
Expected trend for today: Bullish
Midday update for EURUSD 03-01-2018
The EURUSD pair shows bearish bias to move below the bullish pennant pattern's support mentioned this morning, which urges caution in the upcoming sessions, as there is a chance to test the key support 1.2000 before turning back to rise again.
In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 1.2000, supported by stochastic head to gather the positive momentum gradually, reminding you that breaching 1.2100 will push the price to head towards 1.2300 as a next main station.
Expected trading range for today is between 1.1950 support and 1.2150 resistance.
Expected trend for today: Bullish