Midday update for the EURUSD 03-03-2021
The EURUSD pair provides negative trades in attempt to move away from 1.2100 level, to keep the bearish trend scenario valid and active for today, supported by stochastic and the EM50 negativity, waiting to head towards 1.1976 as a next main target, noting that breaching 1.2100 and holding above it will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1.2000 support and 1.2150 resistance.
The expected trend for today: Bearish
The AUDJPY has to rise – Analysis – 3-3-2021
The AUDJPY pair formed many bullish waves to move away from 81.90 support line, to confirm moving into new bullish track and start recording additional targets by reaching 84.95.
Also, stochastic begins to rebound from 20 level to increase the chances of gathering the positive momentum and confirm the preparation to form strong bullish attack to surpass 85.00 level and expect moving towards 86.00 followed by 87.25.
The expected trading range for today is between 82.90 and 85.00
The expected trend for today: Bullish
The European index prepares for the bullish attack – Analysis – 3-3-2021
The European index gained new positive momentum recently, to support the continuation of the previously suggested positivity, also, 3665.00 level continues to form additional support to confirm blocking trades within the bullish track, to keep waiting to reach the positive stations around 3780.00 and 3860.00.
The expected trading range for today is between 3660.00 and 3780.00
The expected trend for today: Bullish
Nikkei index holds above the support – Analysis – 3-3-2021
Nikkei index repeated the positive closings above 29240.00 support line, to decrease the chances of forming correctional bearish trades to prepare to renew the bullish attack by surpassing 30070.00 barrier and reach 30750.00 as a first target of the bullish track.
Facing new negative pressures and providing negative close below the mentioned support will postpone the bullish attack, allowing us to suggest more correctional bearish trades until reaching 28870.00 and 28350.00 levels.
The expected trading range for today is between 29240.00 and 30070.00
The expected trend for today: Bullish