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GBPUSD awaits the confirmation – Analysis - 21-12-2018
The GBPUSD pair still stuck between the trend confirmation levels represented by 1.2636 support and 1.2725 resistance, as the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
Breaking the mentioned level will reactivate the bearish trend scenario that its first target located at 1.2500, while breaching the resistance will lead the price to achieve gains that start at 1.2800 and extend to 1.2962.
Expected trading range for today is between 1.2550 support and 1.2750 resistance.
Expected trend for today: Depends on the above mentioned levels
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EURUSD closes at the resistance – Analysis - 21-12-2018
The EURUSD pair ended yesterday’s trading exactly at the key level 1.1443, which makes us continue with our neutrality until the price confirms its situation according to this level and detect its destination clearly, noting that the contradiction between the positivity of moving above the EMA50 and stochastic negativity provides another reason for neutrality.
MoreEnd of day analysis for Crude oil 20-12-2018
Crude oil price reached our main waited target at 45.46 after confirming breaking the bearish flag pattern mentioned today, waiting for more decline in the upcoming sessions, as breaking the mentioned level represents negative factor that will push the price tpwards 40.00 as a next main station, while the price needs to hold below 48.34 to continue the expected decline.
MoreEnd of day analysis for Gold 20-12-2018
Gold price succeeded to touch our main waited target at 1262.50 and attempts to confirm breaching it, which supports the chances of extending the bullish wave on the short term basis, as our next target is located at 1286.70, supported by the EMA50, reminding you that the continuation of the bullish trend depends on the price stability above 1238.30.
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