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USDJPY resumes the decline – Analysis - 16-03-2018
The USDJPY pair begins today’s trading with new bearish bias after testing the EMA50 yesterday, noticing that stochastic provides negative overlapping signal on the four hours’ time frame, which forms negative motive that we expect to assist to push the price to break 105.54 level and open the way to head towards our extended target that reaches 104.62.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 107.40.
Expected trading range for today is between 105.00 support and 106.60 resistance.
Expected trend for today: Bearish
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GBPUSD needs the positive momentum – Analysis - 16-03-2018
The GBPUSD pair continues to fluctuate at the short term bullish trend line, keeping its stability above the previously breached resistance of the correctional bearish channel, which keeps our bullish overview valid until now, supported by the EMA50, noting that stochastic negativity interprets the reasons of the current sideways fluctuation.
MoreEURUSD tests the support – Analysis - 16-03-2018
The EURUSD pair tests the key support 1.2304 and keeps its stability above it until now, accompanied by witnessing clear oversold signals through stochastic, to form positive factor that we are waiting to assist to protect the mentioned support and rebound bullishly to resume the main bullish trend.
MoreEnd of day analysis for Crude oil 15-03-2018
Crude oil price tested the key resistance 61.40 and keept its stability below it, which keeps tge bearish trend scenario valid, supported by stohcsatic negativity that appears clearly on the four hours’ time frame, waiting to head towards 60.14 initially, reminding you that breaking this level will extend the bearish wave to reach 58.60 as a next station.
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