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The CADJPY resumes the decline – Analysis – 17-8-2021
The CADJPY pair formed new negative attack recently, affected by the strength of 88.70 resistance, to notice crawling below the moving average 55 and record 86.77.
Stochastic provides the additional negative momentum, allowing us to suggest more negative attempts, noting that the negative targets are located near 85.95 and 85.30.
The expected trading range for today is between 87.25 and 86.00
The expected trend for today: Bearish
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Nikkei index repeats the negative closings – Analysis – 17-8-2021
No change to the index’s correctional bearish track, due to the frequent negative stability below 28900.00 resistance, also, stochastic fluctuate below 50 level will increase the chances of gathering the negative momentum, allowing us to suggest more negative attempts until reaching 26770.00 level, while surpassing it might extend losses towards 25400.00 in the upcoming period.
MoreThe EURJPY crawls below the support – Analysis – 17-8-2021
The EURJPY pair confirmed its surrender to the domination of the bearish bias by crawling below 128.80 support line, to open the way to target many negative levels, expecting to move towards 128.15 followed by waiting to touch the next support at 126.65.
MoreThe GBPJPY suffers some losses – Analysis – 17-8-2021
The GBPJPY pair reacted to stochastic negativity, to notice crawling below the moving average 55 and record 151.00 level, hinting surrendering to the domination of the previously expected bearish bias.
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