|
The GBPUSD surpasses the first target - Analysis - 18-08-2021
The GBPUSD pair declined clearly yesterday to succeed achieving our first target at 1.3760, and surpassed it to settle below it now, reinforcing the chances of continuing the bearish trend and achieve additional negative targets that reach 1.3680.
Therefore, we suggest witnessing more decline in the upcoming sessions unless the price rallied to breach 1.3875 and hold above it.
The expected trading range for today is between 1.3660 support and 1.3820 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
The EURUSD achieves the first target – Analysis - 18-08-2021
The EURUSD pair managed to achieve our first waited target at 1.1700 and fluctuates around it, expecting to resume the negative trades to surpass this level and head towards 1.1605 as a next main target.
MoreEnd of day analysis for Crude oil 17-08-2021
Crude oil price shows additional negative trades to approach 66.00, to support the continuation of the bearish trend scenario that targets 65.20 level as a next station, reminding you that it is important to hold below 67.45 as a first condition to continue the expected decline.
MoreEnd of day analysis for Gold 17-08-2021
Gold price bounced bearishly after approaching 1797.00 level, to attack the intraday bullish channel’s support line, which might press on the price to test 1770.00 areas before turning back to rise again, reminding you that breaching 1797.00 will lead the price to achieve additional gains that reach 1825.15.
More