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GBPUSD loses momentum – Analysis - 19-07-2018
The GBPUSD pair shows some bullish bias after reaching 1.3000 barrier yesterday, noticing that stochastic loses its positive momentum to support the chances of bouncing bearishly and resume the bearish trend in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.3226 level and holding above it, noting that the main waited target is located at 1.2962.
Expected trading range for today is between 1.2962 support and 1.3150 resistance.
Expected trend for today: Bearish
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EURUSD keeps its negative stability – Analysis - 19-07-2018
The EURUSD pair settles below 1.1705 level, thus, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 1.1554 followed by 1.1443 levels as next main stations.
MoreEnd of day analysis for Crude oil 18-07-2018
Crude oil price rallied upwards strongly after testing 67.00$ barrier today, to move above 68.06 level now, which might push the price to test the key resistance 69.44 before turning back to decline again.
MoreEnd of day analysis for Gold 18-07-2018
Gold price shows some slight bullish bias after touching the bearish channel’s support line that appears on the chart, and the price is affected by stochastic positivity, while as long as the price is below 1243.00, our bearish overview will remain active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 1204.80.
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