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GBPUSD keeps its positive stability – Analysis - 19-10-2017
The GBPUSD pair consolidated well above the bullish channel's support after attempting to break it yesterday, to keep the bullish trend scenario active until now, waiting to breach 1.3295 level to ease the mission of continuing the rise on the intraday and short term basis, as the main targets begin at 1.3418 and extend to reach the previously recorded top at 1.3618.
Therefore, the bullish bias will remain suggested for today conditioned by holding above 1.3096, as breaking this level will push the price to turn its short term track to decline, to start the negative targets at 1.2973.
Expected trading range for today is between 1.3150 support and 1.3320 resistance.
Expected trend for today: Bullish
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EURUSD approaches from the resistance – Analysis - 19-10-2017
The EURUSD pair fluctuates around the EMA50 now, noticing that stochastic loses its positive momentum accompanied by the price approach from the key resistance that declines now to 1.1840, which keeps the chances valid to resume the recently suggested bearish bias.
MoreEnd of day analysis for Crude oil 18-10-2017
Crude oil price provided some mixed trading today but it returns to settle around 52.00 level, thus, no change on the bullish trend scenario that depends on holding above 51.12 level, while its main targets begin at 52.84 and extend to 54.40.
MoreEnd of day analysis for Gold 18-10-2017
Gold price attempted to break 1281.17 level but it returns to move above it again, which keeps our bullish overview active in the upcoming sessions, waiting to test 1299.20 followed by 1305.00 levels initially, reminding you that breaching these levels will provide positive motive that pushes the price towards more rise on the short term basis.
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