Midday update for the EURUSD 19-01-2022
The EURUSD pair shows bullish bias to head towards potential test to the key resistance 1.1375, affected by stochastic positivity, and as we mentioned this morning, holding below this resistance keeps the bearish trend scenario active for today, as breaching it will lead the price to start new recovery attempts that reach 1.1500 on the near term basis, while the negative targets begin by breaking 1.1300 to open the way to head towards 1.1150.
The expected trading range for today is between 1.1250 support and 1.1380 resistance.
The expected trend for today: Bearish
The EURSEK confirms the positivity – Analysis – 19-1-2022
The EURSEK pair kept its positive stability above the key support 10.1825, to notice the beginning of forming bullish waves to settle near 10.3565, while stochastic attempt to crawl towards the overbought areas will provide the price with new positive momentum to manage to surpass 10.3890 obstacle and start recording the additional positive targets by moving towards 10.4310 and 10.4840.
The expected trading range for today is between 10.3210 and 10.4300
The expected trend for today: Bullish
The Australian index – Analysis – 19-1-2022
The Australian index lost its positive momentum to form negative rebound and press on the bullish channel’s support line at 7305.00, noting that stochastic reach towards 20 level will increase the negative pressures to increase the chances of breaking the current support and move to the bearish track by targeting many negative levels, starting from 7250.00 and 7118.00.
On the other hand, confirming the positivity requires forming strong bullish rebound to settle above the moving average 55 at 7370.00 followed by starting to target the recently suggested positive levels in our previous reports.
The expected trading range for today is between 7360.00 and 7250.00
The expected trend for today: Bearish
The EURJPY postpones the bullish attack – Analysis – 19-1-2022
The EURJPY pair formed strong negative attack yesterday, affected by the major indicators’ negativity, to force it to settle below 129.80 support line and hint postponing the bullish attack until reaching the negative levels at 129.10 and 128.50.
We notice the fluctuation of the moving average 55 above the price to confirm blocking it within the correctional bearish track, waiting to reach the negative stations before any attempt to renew the main bullish attack.
The expected trading range for today is between 130.10 and 129.10
The expected trend for today: Bearish temporarily