|
GBPUSD keeps the support base – Analysis - 09-05-2018
The GBPUSD pair settles above 1.3490 level, to keep the bullish trend scenario active in the upcoming sessions, noticing that stochastic begins to rise now, to form positive motive that we are waiting to push the price to head towards our positive targets that begin at 1.3710 followed by 1.3817.
Therefore, we are waiting for positive trading today conditioned by the price stability above 1.3490.
Expected trading range for today is between 1.3480 support and 1.3640 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
EURUSD keeps declining – Analysis - 09-05-2018
The EURUSD pair shows more negative trading after confirming breaking 1.1929 level, to continue declining and head towards our main waited target at 1.1785, falling under continuous negative pressure by the EMA50.
MoreEnd of day analysis for Crude oil 08-05-2018
Crude oil price suffered sharp losses today to reach 67.60 areas, but it recovers quickly to move around 69.50 level, which hints the price attempt to resume the main bullish trend, but we need to monitor today’s close and tomorrow’s opening according to the last level to confirm the next trend, noting that stepping above it is required to regain the main bullish track that its main targets located at 71.00 and extend to 74.00.
MoreEnd of day analysis for Gold 08-05-2018
Gold price tests the key resistance 1316.48, affected by stochastic positivity, reminding you that the sideways range still active until the price confirms surpassing the mentioned resistance or breaking 1301.20 support, noting that closing the daily candlestick above this resistance will push the price to achieve positive gains that start at 1335.40.
More