GAFNN.com Blog

GBP USD pair still stuck between EMA50 and the resistance line of the triangle shown in the image above, this level located now at 1.5740, while Stochastic explains the reasons of the strength of the mentioned level as its clearly negative on the daily timeframe.

Dow Jones Index traded with positive bias yesterday closing from the critical resistance level waited at 13270, while we need to be careful how important is this level to detect the next short term trend for the index.

Crude oil price was able to build good base above 95.00 level, as it uses it to prepare for more intraday upside actions, while we believe there will be more positive trading in the next period and our next targets located at 98.00

Gold price was able to climb above 1601.00 level followed by daily close, which turns back the expected bullish scenario mentioned in our previous reports that aims attacking the sideway trading range resistance at 1629.00

EUR USD pair dropped again to test the critical level at 1.2270, while remains settled with daily close above it, and this keeps the expected bullish scenario valid and requires a clear breach above the EMA50 located now at 1.2400

Gold price fell down yesterday to break below the EMA50 and settle with a daily close below it, this break provides signals to turn the intraday trend into the downside, but on the other hand, Stochastic enters the oversold area signaling possible return to the positive trading.

The EUR USD pair dropped with the end of yesterday's trading to settle near 1.2300, while Stochastic provides good positive signal on the daily timeframe, this signal encourages us to keep our bullish expectations for the coming days.

Gold price traded negatively yesterday coming near EMA50, while Stochastic is trying to off-load its bearish signs.

EUR USD pair continued to move positively yesterday closing from the critical resistance level represented by EMA50, while Stochastic prepares to provide positive crossover signal on the daily timeframe.

Gold price still stuck between EMA50 that creates support level now at 1600.00 and the sideways' resistance level at 1629.00, while we still keeping our positive outlook that mainly requires a clear breach for the mentioned resistance level that will open the way for more gains starting at 1700.00 per ounce.