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GBPUSD tests the resistance – Analysis - 06-03-2018
The GBPUSD pair tested the key resistance 1.3854 and keeps its stability below it until now, as the EMA50 meets this level to add more strength to it, while stochastic moves at the overbought areas now.
Therefore, these factors encourage us to continue suggesting the bearish trend that targets testing 1.3700 initially, noting that breaching 1.3854 will push the price to recover and achieve positive targets that start at 1.4041 initially.
Expected trading range for today is between 1.3750 support and 1.3950 resistance.
Expected trend for today: Bearish
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EURUSD awaits the confirmation – Analysis - 06-03-2018
The EURUSD pair continues to fluctuate between the key levels represented by 1.2304 support and the resistance line that rises now to 1.2420, thus, we will continue with our neutrality until the price succeeds to breach one of the mentioned levels, noting that stochastic reaches the overbought areas now to contradict the EMA50 positivity.
MoreEnd of day analysis for Crude oil 05-03-2018
Crude oil price rallies upwards strongly to touch our first waited target at 62.65 and attempts to breach it, reinforcing the expectations of continuing the bullish trend in the upcoming period, waiting to confirm breaching the mentioned level to rally towards more gains that target 64.20 level as a next main station, reminding you that holding above 61.40 is important to achieve the waited targets.
MoreEnd of day analysis for Gold 05-03-2018
Gold price shows negative trading by today’s end to approach the key support 1316.48, and the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, waiting to get enough positive momentum to push trading to target 1335.40 level initially.
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