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USDJPY suffers strong losses – Analysis - 01-08-2016
The USDJPY pair declined sharply on last Friday to settle at 102.00 barrier, which supports the continuation of our bearish overview efficiently for the upcoming period, and the way is open to visit our main waited target at 100.70, which represents 50% Fibonacci correction level for the entire rise measured from 75.55 to 125.84, which hints the importance and sensitivity of this level to detect the next destination on the medium term basis.
In general, we suggest the continuation of the domination of the bearish trend on the upcoming trading unless breaking 106.63 level, noting that breaking 100.70 will extend the correctional bearish wave on the medium term basis to target 94.76 areas as a next main station.
Expected trading range for today is between 100.70 support and 103.00 resistance.
Expected trend for today: Bearish
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GBPUSD within sideways track – Analysis - 01-08-2016
The GBPUSD pair shows more sideways trading as appears on chart, as the price faces this range's ceiling located at 1.3290, and as long as the price is below this level, the chances will remain valid to continue the bearish bias in the upcoming period, supported by the negative signal provided by stochastic now.
MoreEURUSD touches the target – Analysis - 01-08-2016
The EURUSD pair succeeded to touch our main waited target at 1.1196 and shows sideways trading near this level affected by stochastic negativity, which might force the price to provide more sideways trading until we get enough positive momentum to push the price to breach the mentioned level, which will lead the price to achieve more gains on the short term basis.
MorePfizer shares continuing its sideways - analysis 29-07-2016
PFIZER shares ended Thursday trades lower by (-0.18 point) or (-0.49%) of the previous closure pass 36.45 resistance as the highest recorded price during the weeks before and also to pass the channel’s resistance shown above trying to reach the next resistance 37.35, comes after the price traded below the channel’s bottom line reaching the support level 33.95 that coincided then with the SMA 100 to push the price up again trading within the bullish channel range above 43.65 level, comes after it rose during the previous short trades reaching 34.65 resistance level after facing the channel’s support with the SMA 50.
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