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USDJPY declines strongly – Analysis - 21-12-2018
The USDJPY pair succeeded to surpass our first waited target at 111.97 and declined strongly to approach our next target mentioned yesterday at 110.40, to keep the bearish trend suggested in the upcoming period, supported by the negative pressure formed by the EMA50, waiting for more decline today.
Holding below 111.97 keeps the negative scenario valid.
Expected trading range for today is between 110.40 support and 112.00 resistance
Expected trend for today: Bearish
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GBPUSD awaits the confirmation – Analysis - 21-12-2018
The GBPUSD pair still stuck between the trend confirmation levels represented by 1.2636 support and 1.2725 resistance, as the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
MoreEURUSD closes at the resistance – Analysis - 21-12-2018
The EURUSD pair ended yesterday’s trading exactly at the key level 1.1443, which makes us continue with our neutrality until the price confirms its situation according to this level and detect its destination clearly, noting that the contradiction between the positivity of moving above the EMA50 and stochastic negativity provides another reason for neutrality.
MoreEnd of day analysis for Crude oil 20-12-2018
Crude oil price reached our main waited target at 45.46 after confirming breaking the bearish flag pattern mentioned today, waiting for more decline in the upcoming sessions, as breaking the mentioned level represents negative factor that will push the price tpwards 40.00 as a next main station, while the price needs to hold below 48.34 to continue the expected decline.
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