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The GBPUSD is retesting - Analysis - 19-03-2021
The GBPUSD pair traded negatively on yesterday’s evening to retest the breached resistance of the intraday bearish channel, and the EMA50 meets this level to form good support at 1.3910, accompanied by stochastic reach to the thresholds of the oversold areas.
Therefore, these factors encourage us to continue suggesting the intraday bullish trend, which targets 1.4075 mainly, while achieving it requires holding above 1.3910.
The expected trading range for today is between 1.3850 support and 1.4010 resistance.
The expected trend for today: Bullish
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The EURUSD declines again – Analysis - 19-03-2021
The EURUSD pair bounced bearishly after testing 1.1976 level yesterday, to trade near 1.1888, noting that we suggest surpassing this level and open the way to achieve more decline in the upcoming sessions, which its next target reaches 1.1780.
MoreUpdate: Crude oil price suffers strong losses
Crude oil price declined sharply to surpass our waited target at 62.50 and presses on extended support areas at 61.25, paving the way to suffer more losses that reach 59.20, to keep the bearish bias domination in the upcoming period unless breaching 62.50 and holding above it.
MoreUpdate: Gold price is recovery again
Gold price faced strong support at 1722.00, to rebound bullishly and head towards achieving intraday gains that target testing 1741.00 initially, being aware that it is important to monitor the price at the mentioned levels, as breaching the last level will push the price to 1765.0 as a next positive target, while breaking the support represents negative factor that will press on the price to suffer new losses that reach 1692.00.
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