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The USDJPY keeps its negative stability – Analysis - 12-03-2020
The USDJPY pair opens today’s trading with strong negativity to move away from 104.63 level, reinforcing the expectations of continuing the bearish trend, which its next main target located at 100.25, noting that the EMA50 keeps pressing negatively on the price to support the expectations to decline.
On the other hand, we should note that breaching 104.63 will stop the expected decline and pushes the price to start recovery attempts that target 105.40 followed by 106.70 levels initially.
The expected trading range for today is between 102.80 support and 104.60 resistance
The expected trend for today: Bearish
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The GBPUSD resumes the decline – Analysis - 12-03-2020
The GBPUSD pair bounced downwards strongly after testing 1.2965 level yesterday, to test 1.2800 barrier now, reinforcing the expectations of continuing the domination of the correctional bearish trend, which targets testing 1.2736 level as a next main station.
MoreThe EURUSD approaches the target – Analysis - 12-03-2020
The EURUSD pair approached 1.1221 level yesterday, and returns to fluctuate near 1.1325, noticing that stochastic continues to provide the negative signals that support the chances of continuing the correctional bearish pressure in the upcoming sessions, to continue suggesting the bearish trend on the intraday basis, noting that surpassing 1.1221 will extend the bearish wave to reach 1.1136.
MoreEnd of day analysis for Crude oil 11-03-2020
Crude oil price shows sideways trading and continues to fluctuate near 33.20, and as we mentioned today, holding above this level is required to keep the chances valid to resume the expected bullish trend on the intraday basis, which targets 38.04 level mainly, taking into consideration that breaking 33.20 and closing the daily candlestick below it will push the price to achieve negative targets that start by testing 30.00$ per barrel barrier.
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