Midday update for the EURUSD 14-04-2022
The EURUSD pair shows additional positive trades to attack the EMA50, reinforcing the expectations of continuing the bullish trend for the rest of the day, noting that the waited targets begin by breaching 1.0950 to confirm opening the way to head towards 1.1080, reminding you that the continuation of the bullish wave depends on the price stability below 1.0855.
The expected trading range for today is between 1.0830 support and 1.0980 resistance.
The expected trend for today: Bullish
The AUDCAD holds above the support – Analysis – 14-4-2022
The AUDCAD pair ended its correctional bearish rebound by facing the bullish channel’s support at 0.9360, to reinforce the domination of the bullish bias for the upcoming trading and notice recording 0.9377.
Stochastic exit from the oversold areas and the continuous stability of the mentioned support provide factors that confirm the continuation of the positivity, to expect targeting 0.9395 level soon, followed by attempting to surpass 0.9420 barrier.
The expected trading range for today is between 0.9350 and 0.9395
The expected trend for today: Bullish
Hang Seng index seeks the negative momentum – Analysis – 14-4-2022
The Hang Seng index surrendered to the negativity of the moving average 55 against stochastic rally towards 80 level, to force it to provide sideways mixed trades and settle near 21550, reminding you that the main stability within the bearish channel and the stability of the additional barrier 22050 allow us to wait to gather the additional negative momentum to ease the mission of renewing the negative attack and reach the main stations at 20850 and 20280.
The expected trading range for today is between 22000 and 20850
The expected trend for today: Bearish
The Brazilian index renews the positive action – Analysis – 14-4-2022
The Brazilian index started to get the additional positive momentum to keep the main stability within the bullish channel and move away from the additional support 114900, which interprets the reasons of the moving towards the first positive station at 119440, expecting to resume the bullish attack soon to target 120770 followed by 122370 levels.
The expected trading range for today is between 118230 and 120370
The expected trend for today: Bullish