Midday update for the EURUSD 14-05-2021
The EURUSD pair traded with clear positivity to surpass 1.2090 level and settles above it, which supports the continuation of our bullish overview efficiently for the rest of the day, and the way is open to head towards 1.2170 that represents our main target, reminding you that it is important to hold above 1.2064 to continue the expected rise.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Bullish
The EURCAD remains bearish – Analysis – 14-05-2021
The EURCAD formed a bullish correctional rebound to settle near 1.4715, affected by stochastic positivity, which is located near 50 level, reminding you that the stability of the trading generally within the bearish channel’s levels and the continuation of forming an extra resistance at 1.4780 level makes us keep our bearish suggestion, which targets 1.4600 level initially reaching to the support at 1.4500 in the upcoming period trading.
The expected trading range for today is between 1.4755 and 1.4600
The expected trend for today: Bearish
The European index bounces to the upside– Analysis – 14-05-2021
The European index got advantage from testing the initial support at 3860.00 by gathering the positive momentum that comes from the stability of the moving average 55 below this support, to notice forming a bullish rally, recording 3985.00.
And that supports the continuation of the suggested positivity, and providing positive momentum by stochastic is important to increase the chances for resuming the bullish attack and recording the targets near 4040.00 and 4120.00.
The expected trading range for today is between 3945.00 and 4040.00
The expected trend for today: Bullish
The Australian index faces stochastic negativity – Analysis – 14-05-2021
The Australian index keeps facing stochastic negativity by providing repeated positive closes above the support at 6920.00, to increase the chances for a bullish rally, to repeat the attempts for reaching 7105.00 and 7200.00.
Note that the price surrender to then negative pressures and reaching below the current support will delay the bullish attack, to begin forming bearish correctional waves, to target 6815.00 to face the moving average 55.
The expected trading range for today is between 6950.00 and 7105.00
The expected trend for today: Bullish