Midday update for the EURUSD 21-04-2022
The EURUSD pair rallied upwards strongly to reach our waited target at 1.0950, and we need to monitor the upcoming trades carefully, as breaching this level will lead the price to achieve additional gains that reach 1.1020 followed by 1.1145 levels, while consolidating against the current bullish rally will press on the price to rebound bearishly and resume the bearish wave again.
The expected trading range for today is between 1.0850 support and 1.0960 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 21-04-2022
The GBPUSD pair shows positive trades now in attempt to resume the expected bullish trend for today, waiting to get positive momentum that assist to push the price to head towards our main expected target at 1.3145, reminding you that the continuation of the bullish wave requires holding above 1.3040 and 1.3000 levels.
The expected trading range for today is between 1.3000 support and 1.3160 resistance.
The expected trend for today: Bullish
The EURNZD keeps the correctional bias – Analysis – 21-4-2022
The EURNZD pair hinted surrendering to the domination of the correctional bullish bias by rallying above 1.5900 level recently, to increase the chances of decreasing the recent losses, while stochastic fluctuation near 80 level will increase the chances of gathering the required positive to achieve the positive targets near 1.6075 followed by 1.6240.
The expected trading range for today is between 1.5950 and 1.6075
The expected trend for today: Bullish
Coffee price seeks the positive momentum – Analysis – 21-4-2022
Coffee price returned to form temporary negative waves due to the lack of the positive momentum, to crawl below the moving average 55 and touch 217.00 level, while we will depend on the continuous support formed at 211.00 to increase the chances of renewing the bullish attempts in the near term period, to expect targeting 227.00 initially, followed by repeating the pressure on 237.00 barrier.
On the other hand, facing continuous negative pressures and crawling below 211.00 support will force it to suffer additional losses by moving towards 203.00 and 191.00 levels.
The expected trading range for today is between 215.00 and 227.00
The expected trend for today: Bullish