The NZDCAD tests the support – Analysis – 14-1-2022
The NZDCAD pair ended the correctional bearish attack by testing the key support at 0.8490, followed by bouncing bullishly towards 0.8575, to increase the chances of settling within the bullish track.
The price needs new positive momentum to assist to form strong bullish waves, to expect rallying towards 0.8690 followed by attempting to jump above the moving average 55 at 0.8800 in order to reinforce the domination of the bullish bias for the upcoming trading.
The expected trading range for today is between 0.8490 and 0.8650
The expected trend for today: Bullish
The EURJPY declines temporarily – Analysis – 14-1-2022
The EURJPY pair formed correctional bearish rebound due to the lack of the positive momentum, to notice crawling below 131.00, expecting the continuous decline until testing the additional support at 129.80, to form the critical line between the attempt to regain the bullish bias and the attempt to move to the bearish track in the upcoming period.
Now, the continuous fluctuation of the moving average 55 near the mentioned support will keep our bullish overview, to expect confining trades between 129.80 and the first positive target at 131.45.
The expected trading range for today is between 130.00 and 131.50
The expected trend for today: Bullish
The GBPJPY declines towards the additional support – Analysis – 14-1-2022
No change to the GBPJPY pair’s sideways track, to notice declining from the sideways track resistance yesterday at 157.40 to settle near 156.00 support line.
We will stay neutral until surpassing one of the mentioned levels, reminding you that declining below the support will force the price to suffer intraday losses until testing the bullish channel’s support line at 154.55, while breaching the resistance will open the way to record big gains that might start at 158.60 followed by 159.70.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Neutral
Platinum price needs to surpass the barrier – Analysis – 14-1-2022
No change to platinum price track until this moment, while the slow positive rally is caused by the continuous obstacle formed at 1000.00 against the bullish attempts.
Stochastic crawl above 50 level will provide the price with new positive momentum, to increase the chances of achieving the required breach to open the way to record additional targets that might start at 1040.00.
The expected trading range for today is between 950.00 and 1040.00
The expected trend for today: Bullish