Midday update for the EURUSD 13-01-2022
The EURUSD pair resumes its positive trades to approach the first waited target at 1.1500, to continue suggesting the bullish trend that its next target located at 1.1560, supported by the EMA50 that continues to push the price to the upside, reminding you that it is important to hold above 1.1375 to continue the expected bullish trend.
The expected trading range for today is between 1.1375 support and 1.1530 resistance.
The expected trend for today: Bullish
The AUDCHF fluctuates within the bearish track – Analysis – 13-1-2022
The AUDCHF pair still stable within the bearish channel until this moment, to repeat the fluctuation below the moving average 55 that forms additional barrier at 0.6700.
Note that stochastic reach to the overbought areas confirms getting rid of the positive pressures, to provide chances to gather the negative momentum again and reinforce the bearish track that might target 0.6580 followed by reaching the initial support at 0.6500.
The expected trading range for today is between 0.6700 and 0.6580
The expected trend for today: Bearish
Coffee price might decline temporarily – Analysis – 13-1-2022
Coffee price repeated the negative closings below 242.00 barrier, to hinder the bullish attempts and force it to form new correctional bearish rebound, also, stochastic exit from the overbought areas will increase the negative pressures to expect resuming the temporary correctional bearish track that might target 236.10 followed by 231.40 levels.
The expected trading range for today is between 242.00 and 231.40
The expected trend for today: Bearish
The Australian index prepares to rise – Analysis – 13-1-2022
The Australian index still confined with many positive factors, as it remains stable above the bullish channel’s support line at 7230.00, in addition to the moving average 55 fluctuation above this support, to confirm blocking the price within the bullish track.
Therefore, we will continue to suggest the bullish attempts that might target 7570.00 level initially followed by waiting to surpass the historical top at 7610.00 in order to reach new historical stations that might start at 7800.00.
The expected trading range for today is between 7380.00 and 7570.00
The expected trend for today: Bullish