The USDJPY begins positively – Analysis - 20-03-2019
The USDJPY pair opened today’s trading with clear rise to test the key resistance 111.67, noticing that stochastic reaches the overbought areas now, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned level.
The waited negative targets begin at 110.76 followed by 110.35, while breaching 111.67 represents the key to resume the main bullish trend to head towards areas that extend to 113.00 on the near term basis.
The expected trading range for today is between 110.76 support and 112.07 resistance
The expected trend for today: Bearish
The GBPUSD gets the positive momentum – Analysis - 20-03-2019
The GBPUSD pair returns to fluctuate near 1.3226 level and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, we believe that the chances are valid to resume the expected bullish trend for the upcoming period, which its next main target located at 1.3490, while holding above 1.3226 represents key condition to continue the expected rise.
The expected trading range for today is between 1.3200 support and 1.3350 resistance.
The expected trend for today: Bullish
The EURUSD within sideways track – Analysis - 20-03-2019
The EURUSD pair moves within sideways track as appears on the chart, and the price needs to breach 1.1360 level to confirm resuming the expected bullish trend on the intraday basis, as we are waiting to test 1.1420 – 1.1443 levels mainly.
The EMA50 continues to support the price from below, while stochastic attempts to get rid of its negative momentum, thus, we will keep our bullish overview for today unless breaking 1.1290 level and holding below it.
The expected trading range for today is between 1.1290 support and 1.1440 resistance.
The expected trend for today: Bullish
End of day analysis for Crude oil 19-03-2019
Crude oil price approached our waited target at 60.00 and rebounds bearishly to fluctuate at 59.00$ barrier, noticing that stochastic attempts to get rid of its negative momentum, waiting to resume the main bullish trend that its next main target located at 64.90, while achieving it conditions holding above 57.46.