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The EURUSD reaches the target – Analysis - 13-09-2019
The EURUSD pair managed to reach the bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic reaches the overbought areas now.
Therefore, these factors encourage us to suggest bearish rebound to resume trading inside the mentioned bearish channel, waiting to target 1.0857 level mainly, taking into consideration that breaching 1.1085 will lead the price to achieve additional gains that reach 1.1180 before any new attempt to decline.
The expected trading range for today is between 1.0960 support and 1.1120 resistance.
The expected trend for today: Bearish
End of day analysis for Crude oil 12-09-2019
Crude oil price succeeded to touch our waited target at 54.47 and presses negatively on it, to support the chances of extending the bearish wave on the intraday and short term basis, reminding you that the next target reaches 51.61, while the continuation of the expected bearish trend conditions holding below 57.33.
MoreEnd of day analysis for Gold 12-09-2019
Gold price provided strong positive trades today but it declines again to attempt to move below 1498.00, which makes us continue with our neutrality until the price confirms the next destination clearly, waiting to confirm the stability above the mentioned level or breaking it to trade below it again.
MoreEnd of day analysis for the EURUSD 12-09-2019
The EURUSD pair showed mixed trades today after the ECB rate decision, and it attempted to break 1.1005 but it returns to rise and approach our waited positive target at 1.1095, to keep the bullish trend suggested conditioned by the price stability above 1.1005, noting that breaching the targeted level will extend the bullish wave to reach 1.1180 as a next main station.
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