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The USDJPY faces negative pressure – Analysis - 21-05-2020
The USDJPY pair faced a negative pressure to break 107.68 level and settles below it, but we notice the stability on the support level of an intraday bullish channel that appears in the image, accompanied with the EMA50 meets with this channel to protect the trading within it, besides the issuance of the positive overall signals by stochastic.
Therefore, these factors encourage us to prefer the bullish trend for today, pointing that our main next target that reach to 109.22, while breaking 107.35 represents a negative factor that will push the price to decline and target 106.44 level before any new attempt to rise.
The expected trading range for today is between 107.00 support and 108.60 resistance
The expected trend for today: Bullish
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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.
MoreThe 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.
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