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USDJPY resumes the decline – Analysis - 07-03-2018
The USDJPY pair bounced bearishly after retesting 106.35 level yesterday, to start pushing on the key support 105.54 now, waiting to break this level to confirm opening the way to head towards 104.31 that represents our next main target.
Therefore, we will continue to suggest the bearish trend in the upcoming period supported by the EMA50, unless the price managed to breach 106.35 level and hold with a daily close above it.
Expected trading range for today is between 104.60 support and 106.35 resistance.
Expected trend for today: Bearish
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GBPUSD gets a positive close – Analysis - 07-03-2018
The GBPUSD pair breached 1.3854 level and closed the daily candlestick above it, which stops the recently suggested negative scenario and pushes the price to start recovery attempts that target the return to the main bullish trend, waiting to test 1.4041 level as a first main station.
MoreEURUSD attempts positively – Analysis - 07-03-2018
The EURUSD pair provided positive trades yesterday to complete forming an inverted head and shoulders pattern that appears on the chart, which supports the chances of continuing the bullish bias in the upcoming sessions, and the price is testing the key resistance that rises now to 1.2430, waiting to breach this level to confirm extending the bullish wave towards the first positive target at 1.2536.
MoreEnd of day analysis for Crude oil 06-03-2018
Crude oil price continues to fluctuate around 62.65 level and shows some bearish bias now, noticing that the EMA50 forms good support to protect the price from achieving more decline, while stochastic gains the positive momentum clearly.
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