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Germany: Commerz Bank faces new resistance – Analysis – 13-9-2019
Commerz Bank ended its bullish correctional rally by facing a new resistance at 5.93, to assist confirming the main bearish bias domination, and the stability of the moving average 55 above the current resistance will increase the negative pressures, which makes us prefer reaching to 5.26 level, then wait for providing a new negative pressure on the support level at 4.65.
Stochastic attempt to surpass the overbought level confirms getting rid of the positive pressures, to increase the chances for gathering a new negative momentum, to ease the mission of reaching to the mentioned targets.
The expected trading range for today is between 5.90 and 5.30
The expected trend for today: Bearish
The EURJPY takes advantage of the positive pressures – Analysis – 13-9-2019
The EURJPY pair get advantage from the extra positive momentum that comes from stochastic which is settled within the overbought level, to notice forming a strong positive rally, to approach from the initial target at 120.05.
MoreThe GBPJPY faces solid barrier – Analysis – 13-9-2019
The GBPJPY pair repeated forming a bullish rally yesterday to face an important barrier at 133.60 level, this barrier forms a key to detect the expected trend in the current period, while breaching it will allow the price to target several positive levels by reaching 134.50 and 136.60.
MorePlatinum moves slowly – Analysis – 13-9-2019
Platinum price continued forming slow trading in spite of the validation of the several supported factors to the bullish suggestion, the stability of the initial support at 910.00 and stochastic attempt to reach to the overbought level assists to ease the attempt of the price rally to record the positive targets at 980.00 and 1025.00.
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