|
USDJPY approaches from the first target – Analysis - 20-10-2017
The USDJPY pair resumes its bullish rally strongly now after leaning on the EMA50, to reach the thresholds of the first waited target at 113.44, motivated by the positive overlapping signal that appears on stochastic, waiting to breach the mentioned level to confirm extending the bullish wave towards 114.50.
Therefore, our bullish overview will remain valid and active, noting that breaking 112.00 will stop the expected rise and put the price under the correctional bearish pressure again.
Expected trading range for today is between 112.45 support and 114.50 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
GBPUSD attacks the key support – Analysis - 20-10-2017
The GBPUSD pair begins today's trading with clear negativity to attack the key support 1.3096 after yesterday's trading stability below the bullish channel's support that appears on chart, which hints the price head to suffer more losses in the upcoming period, noting that confirming breaking the mentioned support will push the price towards 1.2973 direct.
MoreEURUSD begins negatively – Analysis - 20-10-2017
The EURUSD pair opens today's trading with bearish bias after attempting to breach the resistance line that appears on chart, to keep the bearish trend scenario suggested in the upcoming sessions, supported by the overbought signals that appear through stochastic, waiting to head towards 1.1679 level mainly.
MoreEnd of day analysis for Crude oil 19-10-2017
Crude oil price keeps its stability above the key support 51.12 after pushing negatively on it today, noticing that stochastic enters the oversold areas to support the chances of bouncing bullishly and resume the main bullish trend, to keep our bullish overview on the intraday basis unless breaking 51.12 level and holding below it, noting that the waited targets begin at 52.84 followed by 55.27.
More