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USDJPY is stable – Analysis - 12-12-2017
The USDJPY pair shows sideways trading since yesterday, keeping its stability above 113.00 level, while stochastic begins to provide positive overlapping signal on the four hours' time frame, to form positive motivate that we are waiting to assist to push the price to resume the rise in the upcoming sessions, noticing that the EMA50 keeps supporting the price from below.
Therefore, these factors encourage us to keep our bullish overview, which targets 114.73 level as a next station, while holding above 113.00 represents key condition to continue the suggested rise.
Expected trading range for today is between 113.00 support and 114.50 resistance.
Expected trend for today: Bullish
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GBPUSD completes negative pattern – Analysis - 12-12-2017
The GBPUSD pair trades with clear negativity since yesterday, noticing that the price completed forming double top pattern that its signs appear on the above chart, thus, we believe that the negative targets extend to surpass 1.3295 to reach 1.3196 as a next station.
MoreEURUSD resumes the decline – Analysis - 12-12-2017
The EURUSD pair bounced bearishly after retesting 1.1808 level yesterday, to keep the negative effect of the double top pattern active, waiting to visit 1.1679 level that represents our main target, noting that the EMA50 keeps supporting the expected bearish wave.
MoreEnd of day analysis for Crude oil 11-12-2017
Crude oil price breached 57.55 level clearly and ends the day above it, which stops the recently suggested correctional bearish trend scenario and push the price to regain the main bullish track again, noting that our first target is located at 59.00, while holding above 56.70 represents key condition to continue the expected rise.
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