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GBPUSD attacks the key support – Analysis - 20-10-2017
The GBPUSD pair begins today's trading with clear negativity to attack the key support 1.3096 after yesterday's trading stability below the bullish channel's support that appears on chart, which hints the price head to suffer more losses in the upcoming period, noting that confirming breaking the mentioned support will push the price towards 1.2973 direct.
Now, we prefer staying aside temporarily until we get clearer confirmation signal for the next trend, which we will get through breaching one of the key levels represented by 1.3096 support and 1.3196 resistance, as breaching this resistance represents the key to return to the main bullish trend that its main targets begin at 1.3418 and extend to 1.3618.
Expected trading range for today is between 1.3000 support and 1.3220 resistance.
Expected trend for today: Depends on the above mentioned levels
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EURUSD begins negatively – Analysis - 20-10-2017
The EURUSD pair opens today's trading with bearish bias after attempting to breach the resistance line that appears on chart, to keep the bearish trend scenario suggested in the upcoming sessions, supported by the overbought signals that appear through stochastic, waiting to head towards 1.1679 level mainly.
MoreEnd of day analysis for Crude oil 19-10-2017
Crude oil price keeps its stability above the key support 51.12 after pushing negatively on it today, noticing that stochastic enters the oversold areas to support the chances of bouncing bullishly and resume the main bullish trend, to keep our bullish overview on the intraday basis unless breaking 51.12 level and holding below it, noting that the waited targets begin at 52.84 followed by 55.27.
MoreEnd of day analysis for Gold 19-10-2017
Gold price settled above 1281.17 level after pushing negatively on it in the previous sessions, which reactivates the main bullish trend scenario, and the price needs to breach 1299.20 level to confirm the continuation of the bullish bias towards 1321.49 as a next main station, noting that breaking 1281.17 will put the price under the negative pressure that targets testing 1263.15 level before any new attempt to rise.
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