CBFTRADE provides daily reviews of the market which contains market analysis including: currencies pairs, commodities and indices as well. These reviews are made to help the traders to understand and predict the upcoming moves in the market and to make the right decisions.

Friday
22

22.09.2017

September 22, 2017

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Daily analysis- September 22, 2017

EUR/USD

The pair broke 1.1915 after closing the daily candle above it, and starts the day with a bullish bias to approach the resistance 1.1982. As noted in our recent reports, breaking this level will extend the uptrend during the coming period.

Therefore, we expect further rising in the current and short term after the bearish correction was stopped at 1.1850. Targets start at 1.2100 and extend to 1.2230, noting that settling above 1.1915 is important to achieve the suggested targets.

GBP/USD

The pair rose to reach the previously recorded peak at 1.3600, which will stop the bearish correction and rise again, especially that the MA 50 continues to support the rate from the bottom.

Looking closely at the chart, we see that the trades are in the bullish flag pattern, meaning that breaking 1.3600 will push the rate to extend the uptrend during the coming period.

The uptrend is expected in the current and short terms, targeting 1.3657, noting that breaking this level will extend the pair’s profits to reach 1.3857, while the expected uptrend will remain valid unless 1.3450 is broken.

USD/JPY

The pair had a difficulty breaking 112.89 to significantly drop and reach 111.80 and drop again after the uptrend correction.

The Stochastic is declining for 4 hours, encouraging the continuation of the bearish bias during the coming sessions, noting that the next target is at 111.05 while the downtrend is expected unless 112.89 is broken through.

USD/CHF

The pair starts today’s trading with a bearish bias to break 0.9693. This puts the rate under negative pressure targeting 0.9575 and the downtrend will be expected today.

Breaking the mentioned level will extend the losses to reach 0.9445 in the short term, while the downtrend will stay valid unless 0.9693 is broken.

Gold

The Gold shows a bullish bias and reaches the previously broken level at 1295.00, affected by the positivity of the Stochastic, noting that the rate remains under negative pressure from the MA 50.

Therefore, the downtrend is expected during the coming sessions, targeting 1278.00, taking into consideration that breaking 1300.00 will push the price towards current profits at 1321.00 before determining the next direction.

Wti-Oil

The Oil settles around 50.60 supported by the positivity of the MA 50, opening the opportunity for the continuation of the uptrend.

Therefore, the uptrend is expected, waiting to head towards 52.50, noting that breaking 49.50 may push the price towards targets that start at 48.87 and extend to 46.16 before any new attempt to rise again.

 

Thursday
21

21.09.2017

September 21, 2017

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Daily analysis- September 21, 2017

EUR/USD

The pair had negative pressure last night and broke 1.1915. This may push the trades to reach 1.1850, noting that breaking this level will push the rate towards 1.1711.

Therefore, the downtrend will be expected for this day supported by the Ma 50, noting that breaking 1.1915 will stop the current negative pressure and the price will rise again.

GBP/USD

The pair was negatively traded yesterday after reaching 1.3600 and targeted 1.3450 which means that breaking it will extend the correction wave to reach 1.3230.

We expect the negative pressure to dominate the coming trades unless the rate breaks 1.3600.

USD/JPY

The pair rose yesterday to break 112.21, and the bullish wave reached 112.89 and the uptrend will be expected during the coming sessions.

The MA 50 supports the expected rise, taking into consideration that breaking the targeted level will push the rate to move towards the previously recorded peak at 114.00, while the uptrend will stay valid unless the rate breaks 112.21.

USD/CHF

The pair strongly rose yesterday to break the bearish channel and the pivot resistance 0.9693, this pushes the movement upwards and may reach 0.9810 and 0.9860.

Therefore, the uptrend will be expected in the coming sessions supported by the MA 50, noting that breaking 0.9693 will put the rate under negative pressure and move towards 0.9575.

Gold

The Gold settles around 1300.00 and the price being in the bearish channel supports the downtrend during the coming sessions and move towards 1278.00.

Therefore, the downtrend will be expected in the current time supported by the MA 50, noting that breaking 1321.00 will stop the expected fall and push the price to rise again.

Wti-Oil

The price of Oil reached 51.00 yesterday, and got positive support from the MA50. The bullish scenario remains valid during the coming period, noting that our next target is at 52.50.

The Stochastic attempts to lose its negativity and gain positivity in the 4-hour timeframe, noting that settling above 49.50 is an important condition for the extension of the suggested bullish wave.

Wednesday
20

20.09.2017

September 20, 2017

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Daily analysis- September 20, 2017

EUR/USD

The pair broke 1.1982 after closing the daily candle above it. Looking closely at the chart, we see that the rate has completed the head and shoulders pattern, meaning that the rate may positively push the trades to target 1.2100 and extend to 1.2230.

Therefore, the uptrend is likely during the coming sessions supported by the MA 50, noting that settling above 1.1915 is important to achieve the suggested targets.

GBP/USD

The pair settled above 1.3500 since yesterday, attempting to rise back and stop the bearish correction that reached the last peak at 1.3600.

However, until now, the negative scenario is still valid unless the rate manages to break the mentioned peak, noting that the next target is at 1.3430. The stochastic gradually loses its positivity, while breaking 1.3600 is important to gain back the uptrend that targets 1.4000.

USD/JPY

The pair approached our main target at 112.21, noting that the bullish correction was stopped.

Therefore, the downtrend is likely in the coming sessions, targets start at 111.05 and extend to 110.26, noting that breaking 112.20 will stop the expected drop and lead the rate to extend its gains to 114.00.

USD/CHF

The pair attempted to break the resistance of the downtrend channel, which maintains the downtrend until now, supported by the negativity of the Stochastic, waiting to break 0.9575 and to extend the bearish wave to 0.9445.

Settling below 0.9693 is an important condition for the continuation of the expected downtrend, breaking this level will push the rate towards current profits at 0.9810 and extend to 0.9860.

Gold

The Gold starts today attempting to approach the bearish correction channel, noting that the Stochastic loses its positivity and the MA 50 continues to negatively pressure the Gold.

Therefore, the downtrend correction is likely in the coming period, targeting 1295.00, noting that breaking this level will extend the bearish wave towards 1280.00, while breaking 1321.00 will stop the downtrend correction and rise again.

Wti-Oil

The price of Oil settles above 50.00 after reaching 49.40 yesterday. The Oil gets constant positive support from the MA 50 to extend the uptrend for the current and short terms.

Therefore, the uptrend is likely in the coming sessions, noting that our next target is at 52.50, while settling above 49.40 and 48.87 is important to reach the mentioned target.

Tuesday
19

19.09.2017

September 19, 2017

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Daily analysis- September 19, 2017

EUR/USD

The pair starts today’s trading with a bullish bias attempting to break 1.1982, supported by the positivity of the Stochastic and MA 50.

Therefore, we maintain our anticipation of the uptrend for the day, targeting 1.2100 then 1.2230, noting that breaking 1.1915 will stop the expected uptrend and the rate will fall again.

GBP/USD

The pair continued its negative trading to break 1.3552. This provides the opportunity for an uptrend correction, targeting 1.3430.

Therefore, the downtrend is likely for the day, noting that breaking the targeted level will extend the bearish wave to reach 1.3250, while the rate stays under negative pressure and managed to break 1.3600.

USD/JPY

The pair continues to gradually rise to approach 112.21, supported by the MA 50, noting that breaking the mentioned level will push the rate towards 114.00.

This scenario will remain valid in the upcoming sessions unless 111.05 is broken. Breaking this level is important to stop the current rising wave.

USD/CHF

The pair reached the resistance level of the downtrend channel, noting that the Stochastic provides a negative cross signal for 4-hours. This may push the price to break 0.9575 and extend the downtrend.

Our expectations for the downtrend will be valid for the coming period if it settles below 0.9693, noting that our text target is at 0.9445.

Gold

The Gold settles around 1307.00 since yesterday, the price significantly fell to reach 1295.00, breaking it will push the price towards 1280.00.

The downtrend is likely during the upcoming period, unless the price rises to break 1321.00.

Wti-Oil

The Oil stays above 49.40, supported by the MA 50 to maintain the uptrend during the coming period.

Our next target is at 52.50, noting that the continuation of the suggested uptrend depends on settling above 49.40 and 48.87.

Monday
18

18.09.2017

September 18, 2017

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Daily analysis- September 18, 2017

EUR/USD

The pair finished last week’s trading above 1.1915, which helps extending the uptrend and stop the bearish correction that was dominant in the last trading. Looking closely at the chart, we see an uptrend chart pattern at 1.1982, which means that breaking this level will push the rate towards more profits in the short term.

Therefore, these factors encourage us to anticipate the uptrend during the coming sessions, and the targets start at 1.2100 and extend to 1.2230, noting that breaking 1.1915 will put the rate under bearish correction again.

GBP/USD

The pairs settled around 1.3600, noting that the previous trading formed an ascending continuation pattern, noting that the rate starts the day attempting to break the resistance of this pattern, which may push the rate to extend the uptrend.

Therefore, the uptrend is likely in the current and short terms, targets start at 1.3680 and extend to 1.4000, noting that breaking 1.3460 will stop the predicted uptrend and the rate will fall for the current time.

USD/JPY

The pair starts today’s trading with a bullish bias to break 111.05. We expect the uptrend to stay valid for the coming period, providing the opportunity to head toward our next target at 112.21.

Therefore, the uptrend is likely for today supported by the MA 50. Noting that breaking the targeted level will extend the pair’s profits to 113.10 while settling above 111.05 is important for the continuation of the anticipated uptrend.

USD/CHF

The pair was negatively traded in the previous sessions and reached 0.9575, the rate has to break this level to head towards 0.9445.

The rate being in the descending channel supports the continuation of the bearish wave, noting that settling below 0.9693 is important for the predicted fall.

Gold

The Gold broke 1321.49, this provides the opportunity to extend the bearish wave for the short term, to head towards 1295.00.

The bearish wave is likely for today, supported by the MA 50, noting that breaking 1331.00 will stop the expected downtrend and the price will rise again.

Wti-Oil

The price of Oil settles above 49.40, noting that the Stochastic pushes the rate to extend the uptrend for the short term in the ascending channel.

The MA 50 supports the expected ascending wave, at level 52.50, noting that settling above 49.40 and 48.87 is important for the continuation of the expected uptrend.

Thursday
14

14.09.2017

September 14, 2017

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Daily analysis- September 14, 2017

EUR/USD

The pair was under negative pressure yesterday and approached 1.1850, we think that the bearish bias will extend and reach 1.1817 during the coming sessions, while the rate is affected by the negativity of the Ma 50.

We expect further negative trading for today unless 1.1915 is broken through, breaking this level will cause the rate to extend its bullish direction again, while breaking 1.1815 will provide the opportunity to reach 1.1711 and then 1.1640 in the short term.

GBP/USD

The pair was traded negatively yesterday after attempting to pass the 1.3300 and the rate started to fall, noting that 1.3200 forms a strong support and the MA 50 positively supports the rate.

Therefore, the bullish trend will be extended during the coming sessions, noting that our anticipated targets start at 1.3460 and extend to 1.3680, and that breaking 1.3200 will push the rate to target 1.3100 and may extend to 1.3020 before any new attempt to rise again.

USD/JPY

The pair has approached our awaited target at 111.05, noting that breaking this level will extend the bullish wave to reach 112.21, and the MA 50 positively affects the rate.

We believe that the bullish trend is likely for the current and short terms unless 110.26 or 109.30 are broken through. This will push the rate to extend the bearish trend on the short term.

USD/CHF

The pair settles at the bearish channel. As long as the rate is below 0.9650, the bearish trend will extend for the day waiting to break 0.9575 and provide the opportunity to head towards 0.9445.

Keeping in mind that breaking 0.9650 will stop the anticipated bearish trend and the rate will target 0.9693 and extend to 0.9765.

Gold

The Gold attempts to break 1321.49 and doesn’t settle below it, which means it remains between the mentioned support level and the resistance at 1331.49. The Gold has to break one of these levels to determine the next targets.

Breaking the mentioned support level will push the price to target 1295.00, while breaking the resistance level will lead the price to extend its bullish direction and its targets start at 1257.53 and extend to 1400.00.

Wti-Oil

The Oil continued to rise and reached the previously recorded peak at 49.40, waiting to break this level and extend to 52.50.

Therefore, the bullish trend is likely in the coming sessions if the price settles above 48.87, noting that the negativity of the Stochastic may delay it before it rises again.

 

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