Midday update for the EURUSD 13-04-2021
The EURUSD pair keeps its stability above 1.1880 level, to keep the bullish trend valid and active for today, supported by the EMA50 that carries the price from below, besides stochastic head towards the oversold areas, waiting to resume the positive trades and visit 1.1975 as a next main target.
The expected trading range for today is between 1.1830 support and 1.1980 resistance.
The expected trend for today: Bullish
The NZDCHF approaches from the critical support – Analysis – 13-4-2021
The NZDCHF price resumed forming bearish correctional trading, affected by stochastic negativity, to notice its approach from the critical support at 0.6448, the upcoming scenario depends on the strength of this support, and its stability makes us expect forming strong bullish waves that might extend in the current period to 0.6550 and 0.6640.
The continuation of facing negative pressures and reaching below the mentioned critical support will return the price to the bearish track again, which provides a chance for targeting more of the negative levels by reaching 0.6380 reaching 50% Fibonacci correction level at 0.6290.
The expected trading range for today is between 0.6450 and 0.6550
The expected trend for today: Bullish
The Spanish index faces sudden negative pressures – Analysis – 13-4-2021
The Spanish index price suffered sudden negative pressures in the last trading by stochastic decline below 50 level, announcing delaying the bullish attack and reaching 8480.00, we expect the continuation of forming negative fluctuation in the current trading by the stability of the extra barrier at 8665.00, to target 8390.00 level reaching 23.6% Fibonacci correction level, which forms extra support at 8265.00.
The expected trading range for today is between 8660.00 and 8400.00
The expected trend for today: Bearish
The EURJPY repeats the fluctuation below the barrier – Analysis – 13-4-2021
The EURJPY pair announced its surrender to the sideways bias domination, in spite of its stability within the bullish channel’s levels, affected by the stability of the extra barrier at 130.75, to decelerate the waited bullish rally.
The continuation of the mentioned barrier stability makes us expect begin forming bearish correctional trading, to test the bullish channel’s support at 129.35, while its success to breach the barrier and holding above it, so that will allow it to achieve several positive targets by reaching 131.60 and 132.70.
The expected trading range for today is between 130.70 and 129.50
The expected trend for today: Sideways until achieving the breach.