|
USDJPY retests again – Analysis - 08-03-2018
The USDJPY pair returns to provide positive trades and approaches retesting 106.35 again, met by the EMA50 that adds more strength to it, accompanied by stochastic reach the overbought areas.
Therefore, these factors encourage us to keep our bearish overview in the upcoming sessions unless breaching 106.35 level and holding above it, reminding you that our next main target reaches 104.31.
Expected trading range for today is between 105.00 support and 106.70 resistance.
Expected trend for today: Bearish
Thanks for your feedback.
GBPUSD keeps its positive stability – Analysis - 08-03-2018
The GBPUSD pair shows calm positive trades after it kept its stability above 1.3854 level, to keep the bullish trend scenario valid for today, waiting to target 1.4041 level as a next station, noting that breaching this level will extend the bullish wave to reach 1.4344 on the near term basis.
MoreEURUSD gathers the positive momentum – Analysis - 08-03-2018
The EURUSD pair shows more sideways trades, settling around 1.2400 barrier, and stochastic continues to approach the oversold areas, waiting to motivate the price to resume the bullish trend in the upcoming sessions, while it needs to breach 1.2445 to confirm the continuation of the bullish wave towards the recently recorded top at 1.2536 as a next main station.
MoreEnd of day analysis for Crude oil 07-03-2018
Crude oil price declined strongly to attack 61.40 level and attempts to hold below it, but we notice that the price found solid support at the bullish channel’s support line that appears on the chart, which might assist to push the price back to the bullish track, but we need to monitor the daily close and tomorrow’s opening according to 60.65 and 61.40 levels, as breaking the first level will put the price under more negative pressure on the short term basis, while breaching the second one will revive the positive scenario that its targets begin at 62.65 and extend to 64.20.
More