Midday update for the EURUSD 13-04-2022
The EURUSD pair continues to decline, moving near 1.0800 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, organized inside the bearish channel that supports the chances of surpassing the waited target at 1.0775 to head towards 1.0700 as a next station, reminding you that the continuation of the bearish wave requires holding below 1.0890 and the most important below 1.0950.
The expected trading range for today is between 1.0740 support and 1.0890 resistance.
The expected trend for today: Bearish
The CHFJPY holds below the resistance – Analysis – 13-4-2022
The CHFJPY pair touched the bullish channel’s resistance recently at 134.90, to form solid obstacle against the attempt to resume the bullish attack and force it to form negative rebound, touching 134.25 level.
The continuous stability of the mentioned resistance and stochastic exit from the overbought areas allow us to expect forming new negative waves, to suffer many losses by moving towards 133.60 and 132.80 levels, while succeeding to breach the resistance will confirm moving to new bullish track, to target 135.60 initially.
The expected trading range for today is between 135.00 and 133.60
The expected trend for today: Bearish
Coffee price awaits the breach – Analysis – 13-4-2022
Coffee price ended its recent bullish rally by facing key barrier at 236.50, to hinder resuming the bullish attack and notice bouncing towards 233.40, noting that the moving average 55 continues to form additional support near 228.00, and stochastic fluctuates above 50 level, which support the bullish overview, to keep waiting to breach the mentioned barrier and open the way to reach 242.20 and 248.70 levels.
The expected trading range for today is between 230.00 and 242.00
The expected trend for today: Bullish
The Swiss index takes breath – Analysis – 13-4-2022
The Swiss index was forced to form correctional bearish rebound after facin 12440.00 barrier, attempting to take a breath and seek new positive momentum to reinforce the continuation of the positivity for the upcoming period.
Note that the moving average 55 approach to the additional support 12080.00 confirms confining trades within the bullish track, to expect ending the sideways fluctuation soon, while gathering the positive momentum will allow the price to continue the rise and target 12550.00 followed by 12620.00 levels.
The expected trading range for today is between 12240.00 and 12440.00
The expected trend for today: Bullish