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The GBPUSD awaits the confirmation signal – Analysis - 13-09-2019
The GBPUSD pair attempted to break 1.2326 level but it couldn’t manage to hold below it, as the EMA50 formed good support against the price, to keep the price stuck between the trend keys represented by the mentioned support and 1.2400 resistance, to keep our neutrality valid until now.
Note that breaking 1.2326 support will press on the price to return to the main bearish track and achieve negative targets that begin at 1.2207 and extend to 1.2134, while breaching 1.2400 resistance will lead the price to turn to rise on the short term basis, to head towards 1.2520 areas initially.
The expected trading range for today is between 1.2250 support and 1.2410 resistance.
The expected trend for today: Depends on the above mentioned levels
The EURUSD reaches the target – Analysis - 13-09-2019
The EURUSD pair managed to reach the bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic reaches the overbought areas now.
MoreEnd of day analysis for Crude oil 12-09-2019
Crude oil price succeeded to touch our waited target at 54.47 and presses negatively on it, to support the chances of extending the bearish wave on the intraday and short term basis, reminding you that the next target reaches 51.61, while the continuation of the expected bearish trend conditions holding below 57.33.
MoreEnd of day analysis for Gold 12-09-2019
Gold price provided strong positive trades today but it declines again to attempt to move below 1498.00, which makes us continue with our neutrality until the price confirms the next destination clearly, waiting to confirm the stability above the mentioned level or breaking it to trade below it again.
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