Midday update for the EURUSD 03-06-2020
The EURUSD pair resumes its positive trading to move away from 1.1170 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 1.1295 level that represents our next main station, noting that the EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 1.1170 and holding below it.
The expected trading range for today is between 1.1100 support and 1.1290 resistance.
The expected trend for today: Bullish
The AUDJPY tends to resume the bullish attack – Analysis – 3-6-2020
The AUDJPY pair breached the bearish channel’s resistance at 74.50 to hint the preparation to build strong bullish bias and notice moving towards the moving average 55 at 75.75.
Confirming the continuation of the positivity requires assuring the stability of 74.50 level, to form major support against the positive attempts, waiting to surpass the moving average 55 and manage to reach 76.80 followed by 78.00 levels.
The expected trading range for today is between 74.60 and 76.80
The expected trend for today: Bullish
Hang Seng returns to the bullish track – Analysis – 3-6-2020
Hang Seng index succeeded to form strong bullish wave yesterday, to breach 23850.00 level and settles within the bullish channel to record some positive targets by touching 24470.00.
We expect 23970.00 to form extension of the major support, besides the stability of the moving average 55, allow the price to start gathering the positive momentum to manage to continue rising and target 24730.00 level initially, followed by reaching 25140.00 in the medium term period.
The expected trading range for today is between 24000.00 and 24730.00
The expected trend for today: Bullish
The EURJPY touches the target – Analysis – 3-6-2020
The EURJPY pair confirmed moving into the bullish track to notice surpassing 119.80 level and record the first main target at 121.80, to face 50% Fibonacci correction level.
Stochastic continuous positive momentum signals by fluctuating within the overbought areas allows us to wait to breach 121.80 and open the way to record many targets, located around 122.66 followed by 123.80 in the upcoming period.
The expected trading range for today is between 121.90 and 123.80
The expected trend for today: Bullish