EURJPY prepares for strong decline – Analysis – 11-2-2019
The EURJPY pair confirmed its affection by the bearish bias domination by its repeated stability within the bearish channel levels, depending on the strength of the resistance at 125.85, besides stochastic reach to the oversold level provides a new bearish momentum, to confirm the price readiness to build a strong bearish trading that targets 123.50 level initially, and breaking it will extend the trading towards 122.60 and 121.90.
The expected trading range for today is between 125.00 and 123.50
The expected trend for today: Bearish
Nikkei begins to decline – Analysis – 11-2-2019
Nikkei index failed to surpass the key resistance 20940 recently, to force the index to form new negative trading and notice its stability at 20275 level, expecting that 20560 will form additional resistance to prepare the price to provide additional negative trades and extend losses towards 19900 followed by reaching 19260 in the upcoming period.
Stochastic sharp decline and settling around 20 level reinforces the negative overview by providing additional negative momentum to increase the chances of reaching the previously suggested main stations.
The expected trading range for today is between 20400 and 19900
The expected trend for today: Bearish
France: Allianz shares return to the negative fluctuation – Analysis – 11-2-2019
Allianz shares price faced the main resistance at 188.00 in its last correctional rally, to form a strong obstacle against resuming the bullish attack, which forces it to form a bearish rebound to 181.85, and that supports the continuation of the negativity, to expect renewing the bearish attempts, targeting 178.80 level reaching to 173.90 in the upcoming period.
Stochastic attempt to surpass the overbought level confirms surpassing the positive pressures, which provides true chance for gathering the required negative momentum to resume the suggested negative attack.
The expected trading range for today is between 184.80 and 182.00
The expected trend for today: Bearish
AUDSGD prepares for new negativity – Analysis – 11-2-2019
The AUDSGD pair announced the continuation of the main bearish bias domination by its repeated stability below the moving average 55 to notice achieving 0.9577 level recently, the negativity is caused by the price stability within the bearish channel levels generally, which makes us prefer more of the negative attempts until reaching 0.9530 and 0.9440.
By the above image, we notice stochastic decline to the oversold level, which increases the chances for gathering extra negative momentum, which allows it to build the negative trading and achieve the suggested targets.
The expected trading range for today is between 0.9680 and 0.9530
The expected trend for today: Bearish