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GBPUSD declines calmly – Analysis - 02-08-2016
The GBPUSD pair fluctuates around the EMA50 after the negative trades that appeared yesterday, to keep the bearish trend scenario valid on the intraday and short term basis, and the price needs to break the sideways range support that appears on the above chart –located at 1.3060- to ease the mission of continuing the bearish trend in the upcoming period.
Therefore, we will continue to suggest the bearish trend conditioned by holding below 1.3290 level, reminding you that our main targets extend to reach 1.2850 then 1.2825.
Expected trading range for today is between 1.3000 support and 1.3290 resistance.
Expected trend for today: Bearish
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EURUSD gets the positive momentum – Analysis - 02-08-2016
The EURUSD pair continued its sideways and tight trading yesterday, which allowed stochastic to get rid of its negativity and reach the oversold areas, which provides positive motive that we are waiting to assist to push the price to resume the bullish bias again, waiting to breach 1.1196 level to confirm opening the way to head towards 1.1356.
MoreUpdate: Brent oil breaks the support
Brent oil price broke 43.00 level strongly and settled below it, which activates the bearish trend scenario on the short term basis, opening the way to target 39.96 level, noting that the price needs a daily close below 43.00 to confirm the continuation of the expected bearish trend.
MoreSymantec Corp without real change – analysis 01-08-2016
Symantec Corp ended trades on Friday slightly lower by (-0.02 point) point or (-0.1%) from the previous closure after facing to the support level 19.90 after the price continued its bullish movement during the previous trades to trade above 19.90 level, after falling from 21.50 resistance, comes after the previous decline during the med-long periods which reached to the support level of 16.50, to rebound from this support passing 17.95 level during the previous near trades with the price passing the SMA 100, leading the price for a continuous bullish movement caused the passing of 19.90 level to reach 21.50.90 resistance by the end of last week trades.
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