FXHIGHWAY

 Breaking News

Evening update for currencies & commodities 7/8/2017

News Date: 7/8/2017 07:24:59
 

The EURUSD pair keeps its stability above 1.1783 level, to support the continuation of our bullish trend expectations for today, which moves inside main ascending channel that we expect to push the price towards 1.1930 then 1.2000 initially, noting that breaking 1.1783 will push the price to test 1.1704 initially before attempting to rise again.

Sterling moves within sideways and narrow range since morning to remain stable below the previously broken support of the ascending channel, thus, the bearish trend will remain expected for the coming period, reminding you that our first target is located at 1.2932, while surpassing 1.3080 represents the key to return to the main bullish trend again.

The USDJPY pair shows some calm positive attempts to approach from the important resistance 111.00, reminding you that surpassing this level will push the price to turn its intraday track to rise and visit 112.00 mainly, while breaking 110.60 is required to confirm the return of the bearish trend domination, as the next main target is located at 109.90.

Gold prices still stable near 1255.77 level, and RSI continues to attempt to get positive momentum that helps the price to continue the main bullish trend, to keep our bullish forecast valid conditioned by settling above the mentioned support, waiting to head towards 1295.46 mainly.

Crude oil price shows clear retreat since morning to approach from the important support 48.44 again, while the bullish trend still expected unless breaking the mentioned support, as breaking it will push the price to turn its intraday track to decline to test 47.22 level initially, while the next targets of the expected bullish wave located at 50.42 then 52.00.

The US dollar index settles below the broken support of the descending channel as mentioned in our morning report, to keep the negative pressure valid for the coming period, as our next target is located at 91.91, while achieving it requires settling below 94.44.

Sponsored by: CloudsIndex.com

Latest news

The EURUSD pair still above 1.1910 level that was breached previously, to keep the bullish momentum valid for the coming period, waiting to continue rising within the main ascending channel to head t
08-2017 28 06:00:42

The EURUSD pair keeps its consolidation above 1.1783 level, to keep our positive forecast active for today, waiting to test 1.1910 level initially, while the positive targets extend to reach 1.2100 o
08-2017 25 06:55:38

The answer of “Is Bitcoin a Good Investment?” depends on the method you approach Bitcoin market. Long term Bitcoin investment, short term Bitcoin trading and Bitcoin brokerage are basic m
08-2017 24 05:27:40

The EURUSD pair is testing 1.1783 level now, and the price needs to settle above it to guarantee continuing the bullish bias for today, as breaking it will push the price to test the most important s
08-2017 24 05:25:38

The Euro shows some slight retreat against the US dollar and it might head to test the ascending channel's support before turning back to rise again, and the price needs to consolidate above 1.1704 t
08-2017 21 06:40:52

More News

Logs

Advertisements