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The USDJPY gathers the positive momentum – Analysis - 16-09-2019
The USDJPY pair opened today’s trading with a decline to test the bullish channel’s support that appears in the image, and begins rising now, where it gets a positive support from the EMA50, while stochastic heads to the oversold levels.
Therefore, the bullish trend scenario will remain preferred in the upcoming period, reminding you that breaching 108.30 will push the price to 109.30 as a next station, while the price needs to settle above 106.70 to continue the expected rise.
The expected trading range for today is between 107.20 support and 108.70 resistance
The expected trend for today: Bullish
The GBPUSD achieves good gains – Analysis - 16-09-2019
The GBPUSD pair confirmed breaching 1.2400 level and approached from our waited target at 1.2520, noticing that the price moves within a bullish channel that appears in the image, which supports the chances for breaching the mentioned level and extend the bullish wave towards 1.2665 as a next main station.
MoreThe EURUSD is stable at the resistance – Analysis - 16-09-2019
The EURUSD pair keeps fluctuating near the bearish channel’s resistance and keeps its stability below this level, noticing that the EMA50 meets this resistance to strengthen it, while stochastic moves at the overbought levels.
MoreEnd of day analysis for Crude oil 13-09-2019
Crude oil price continues to fluctuate at 54.60 and still above it, waiting to break this level to confirm rallying towards our negative targets that reach 51.80, reminding you that it is important to hold below 55.55 to continue the expected decline.
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