The CADJPY tests the support – Analysis – 8-4-2021
The CADJPY pair declined due to some negative pressures, to notice testing the support at 86.85, while the frequent stability above this support allows us to wait to gather the positive momentum to manage to start renewing the bullish trades to target 87.65 followed by reaching 89.08 that forms the main target.
The expected trading range for today is between 86.85 and 87.65
The expected trend for today: Bullish
The Australian index reacts to the positive factors – Analysis – 8-4-2021
The Australian index started to react to the frequent positive factors represented by the main stability within the bullish channel, besides getting positive momentum by the major indicators.
These factors interpret the reasons of moving away from the main support at 6805.00 and the beginning of recording the positive targets by touching 7011.00, to expect forming new bullish attack and target 7205.00 high, while surpassing it might extend trades towards 9380.00 followed by reaching the main target at 7508.00.
The expected trading range for today is between 6900.00 and 7010.00
The expected trend for today: Bullish
IBEX index awaits the additional momentum – Analysis – 8-4-2021
IBEX index ended its recent bullish rally by recording 8689.00 level, to notice forming temporary sideways fluctuation in order to seek the additional positive momentum, to assist to reinforce the continuation of the positivity that targets 8790.00 level mainly.
We notice that stochastic attempts to exit the overbought areas, to expect crawling towards 8540.00 followed by repeating the bullish attempts after the gather the positive momentum, to succeed reaching the suggested main target.
The expected trading range for today is between 8580.00 and 8700.00
The expected trend for today: Bullish
No news for the EURJPY – Analysis – 8-4-2021
The EURJPY pair did not succeed to record any new positive target until this moment, affected by the stability of 130.75 barrier, to notice forming continuous weak sideways fluctuation and settling near 130.20.
The continuous stability of the mentioned barrier might force the price to form temporary correctional rebound, to test the minor bullish channel’s support line at 129.15, while succeeding to breach the barrier and hold above it will open the way to start achieving new positive targets to expect moving towards 131.60 followed by reaching 132.70.
The expected trading range for today is between 129.30 and 130.30
The expected trend for today: Fluctuated within the bullish track