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GBPUSD awaits the breach – Analysis - 20-11-2017
The GBPUSD pair continues to fluctuate around 50% Fibonacci correction level at 1.3196, at the middle of the sideways range that appears on chart, and as long as the price is between 1.3096 support and 1.3295 resistance, the sideways trades will remain dominant on the intraday basis, waiting to surpass one of the mentioned levels to detect the next targets clearly.
Note that breaking the mentioned support will push the price to extend its bearish correction towards 76.4% Fibonacci at 1.2973 direct, while breaching the resistance will stop the negative pressure and push the price back to its main bullish track, to start the positive targets at 1.3419 and extend to the previously recorded top at 1.3618.
Expected trading range for today is between 1.3096 support and 1.3295 resistance.
Expected trend for today: Sideways
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EURUSD retests – Analysis - 20-11-2017
The EURUSD pair retests the previously breached resistance of the bearish channel that appears on chart, which turns into key support now at 1.1715, noticing that the EMA50 meets this level to add more strength to it and protect the price from suffering more losses.
MoreEnd of day analysis for Crude oil 17-11-2017
Crude oil price managed to surpass the EMA50 and rally upwards to move away from the bullish channel's support, which supports the continuation of our bullish overview on the intraday and short term basis, reminding you that our main targets begin at 57.90 and extend to 60.25, while achieving them conditions holding above 55.05.
MoreEnd of day analysis for Gold 17-11-2017
Gold price rallied upwards strongly after confirming surpassing 1281.17 level, to reach our first waited target at 1299.20, reinforcing the expectations of achieving more gains in the upcoming period, to extend the next target towards 1321.50, noting that holding above 1281.17 represents the first protecting factor to achieve the suggested targets.
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