|
USDJPY rises again – Analysis - 09-05-2018
The USDJPY pair traded with clear positivity yesterday after leaning on the bullish channel’s support line that appears on the chart, to breach 109.00 level and settles above it, which reactivates the correctional bullish trend scenario again, targeting testing 110.04 level initially.
Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 109.00 level and holding below it, noting that breaching 110.04 will extend the bullish wave to reach 111.32 as a next station.
Expected trading range for today is between 108.70 support and 110.30 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
GBPUSD keeps the support base – Analysis - 09-05-2018
The GBPUSD pair settles above 1.3490 level, to keep the bullish trend scenario active in the upcoming sessions, noticing that stochastic begins to rise now, to form positive motive that we are waiting to push the price to head towards our positive targets that begin at 1.3710 followed by 1.3817.
MoreEURUSD keeps declining – Analysis - 09-05-2018
The EURUSD pair shows more negative trading after confirming breaking 1.1929 level, to continue declining and head towards our main waited target at 1.1785, falling under continuous negative pressure by the EMA50.
MoreEnd of day analysis for Crude oil 08-05-2018
Crude oil price suffered sharp losses today to reach 67.60 areas, but it recovers quickly to move around 69.50 level, which hints the price attempt to resume the main bullish trend, but we need to monitor today’s close and tomorrow’s opening according to the last level to confirm the next trend, noting that stepping above it is required to regain the main bullish track that its main targets located at 71.00 and extend to 74.00.
More