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GBPUSD hits the first target – Analysis - 23-01-2018
The GBPUSD pair succeeded to touch our first waited target at 1.4000 and settles there, waiting for more rise to touch the main bullish channel’s resistance at 1.4125, as the price gets continuous positive support by the EMA50 to reinforce the chances of achieving more gains.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 1.3900.
Expected trading range for today is between 1.3900 support and 1.4100 resistance.
Expected trend for today: Bullish
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EURUSD keeps its positive stability – Analysis - 23-01-2018
The EURUSD pair bounced bullishly after testing 1.2215 level yesterday, to keep the bullish trend valid and active in the upcoming sessions, supported by the EMA50 that continues to carry the price from below, waiting to test 1.2345 level initially.
MoreEnd of day analysis for Crude oil 22-01-2018
Crude oil price attempted to breach the correctional bearish channel’s resistance but it returned to settle below it again, which keeps our bearish overview valid for the upcoming period, reminding you that breaking 62.80 will confirm the extension of the bearish wave towards 61.50 as a next station, while holding below 63.80 represents main condition to continue the expected decline.
MoreEnd of day analysis for Gold 22-01-2018
Gold price shows sideways trading and settles above the previously breached resistance of the bullish flag, to keep the bullish trend valid on the intraday and short term basis, as our next main target is located at 1357.50, while the price needs to hold above 1321.40 to guarantee the continuation of the suggested rise.
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