The EURCHF prepares to resume the decline – Analysis – 1-7-2022
The EURCHF pair continued to form negative trades due to the frequent stability within the bearish channel, to record new negative level by reaching 0.9945 level, expecting to form additional barrier at 1.0010 and get negative momentum by stochastic to form new negative attack to attempt to reach 0.9930 followed by reaching the bearish channel’s support line at 0.9825.
The expected trading range for today is between 1.0010 and 0.9930
The expected trend for today: Bearish
IBEX index attempts to resume the decline – Analysis – 1-7-2022
IBEX index renews forming negative trades, to keep the stability within the bearish channel again, renewing the negative pressure on the initial support at 7950, noticing stochastic reach to the oversold areas to increase the chances of gathering the required negative momentum to resume the decline, to keep waiting to record the targets at 7790 and 7680 in the near term and medium term period.
The expected trading range for today is between 8060 and 7800
The expected trend for today: Bearish
The EURJPY surpasses the initial targets – Analysis – 1-7-2022
The EURJPY pair kept its stability within the correctional bearish track to notice surpassing the initial targets by crawling below 142.20, to touch the first main target at 140.90.
Also, stochastic approach to 20 will increase the chances of gathering the negative momentum to increase the chances of resuming the negative attack until reaching 140.00, followed by monitoring the price behavior due to the importance of this level to detect the medium term targets.
The expected trading range for today is between 142.00 and 140.00
The expected trend for today: Bearish
The GBPJPY begins to decline – Analysis – 1-7-2022
The GBPJPY pair confirmed its surrender to the domination of the previously suggested correctional bearish bias by forming negative wave, surpassing the initial targets by reaching 163.40.
Stochastic exit from the overbought areas will increase the chances of gathering the negative momentum to manage to get rid of the obstacle at 162.80 and reach the next negative target at 161.75.
The expected trading range for today is between 165.30 and 162.50
The expected trend for today: Bearish