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The GBPUSD crawls downwards – Analysis - 21-05-2020
The GBPUSD pair fluctuates in tight track since yesterday, and settles near the EMA50, as long as the price below 1.2304, so our bearish trend expectations will remain valid, targeting 1.2093 level mainly.
On the other hand, you should be aware that breaching 1.2304 and holding above it will stop the suggested decline and leads the price to achieve new gains that reach 1.2515.
The expected trading range for today is between 1.2130 support and 1.2304 resistance.
The expected trend for today: Bearish
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The EURUSD breaches the resistance – Analysis - 21-05-2020
The EURUSD pair confirmed breaching 1.0966 level after closing the daily candlestick’s close above it, which leads the price to resume the bullish wave that began from 1.0775 levels, in its way to visit 1.1067 level that represents the next main station.
MoreEnd of day analysis for Crude oil 20-05-2020
Crude oil price rallied bullishly to breach the bullish pennant’s resistance mentioned in our previous reports and gets positive motive that supports the expectations of achieving more rise in the upcoming period, and the way is open to head towards our next positive target that reaches 36.50, noting that it is important to hold above 31.80 to continue the suggested rise.
MoreEnd of day analysis for the EURUSD 20-05-2020
The EURUSD pair breached 1.0966 level and attempts to hold above it, which hints the price head to achieve more rise in the upcoming sessions, paving the way to head towards 1.1067 as a next positive target, noting that closing the day above 1.0966 will confirm the continuation of the bullish trend, while trading below it again will put the price under negative pressure that targets 1.0840 areas mainly.
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