The CADJPY faces key barrier – Analysis – 4-7-2022
The CADJPY pair formed temporary sideways trades due to facing solid barrier at 106.60, to hinder the previously waited bullish rally, as the stability of this barrier and stochastic attempt to provide the negative momentum allow us to expect forming correctional bearish trades, to move towards 103.70, while breaking this level might extend losses towards 102.00 in the medium term period.
The expected trading range for today is between 105.50 and 103.70
The expected trend for today: Bearish
Nikkei index awaits to break the support – Analysis – 4-7-2022
Nikkei index failed to resume the negative attack by facing additional support at 25800, to notice forming temporary rebound towards 26200, while the major indicators agree to provide the negative momentum to support the continuation of the previously suggested negativity, to expect renewing the negative attempts, while breaking the support will open the way to target new negative stations that might start at 25300 followed by 24840.
The expected trading range for today is between 26220 and 25800
The expected trend for today: Bearish
The Brazilian index keeps the negativity – Analysis – 4-7-2022
No change to the Brazilian index bearish track that keeps fluctuating within the bearish channel that appears on the chart, also, 104860 levels continues to form additional barrier to assist to confirm the bearish scenario, to expect gathering the negative momentum and decline towards 96665 direct, while breaking this obstacle might extend losses towards 93250.
The expected trading range for today is between 101550 and 96700
The expected trend for today: Bearish
The EURJPY still bearish – Analysis – 4-7-2022
The EURJPY pair achieve some correctional negative targets recently by touching 139.80 level, to rebound towards 141.20 direct in order to cover some losses and manage to gather the additional negative momentum again.
We will depend on the stability of 142.20 barrier to confirm the domination of the correctional bearish bias for the near term and medium term period, to keep our negative overview and expect to break 140.00 to reach the next main target at 138.90.
The expected trading range for today is between 141.50 and 140.00
The expected trend for today: Bearish