Midday update for the GBPUSD 17-02-2021
The GBPUSD pair settles at the intraday bullish channel’s support line, and stochastic continues to approach the oversold areas, while the EMA50 provides positive support to the price.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.3860, reminding you that our next targets begin at 1.3965 followed by 1.4070.
The expected trading range for today is between 1.3800 support and 1.3990 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 17-02-2021
The EURUSD pair touched 1.2064 and presses negatively on it now, which urges caution from the upcoming trading, as the price needs to hold above the mentioned level to keep the bullish trend active, supported by stochastic current positivity, waiting to resume the bullish bias to head towards 1.2173 as a next main station.
The expected trading range for today is between 1.2020 support and 1.2180 resistance.
The expected trend for today: Bullish
The CADJPY settles above the additional support – Analysis – 17-2-2021
The CADJPY pair kept its positive stability above the additional support 83.25, to confirm its preparation to resume the bullish attack in the near term and medium term period, also, stochastic consolidation within the overbought areas will increase the positive pressures to ease the mission of recording the positive targets around 83.95, followed by reaching the bullish channel’s resistance at 84.60.
The expected trading range for today is between 83.25 and 83.95
The expected trend for today: Bullish
Nikkei index surpasses the resistance – Analysis – 17-2-2021
Nikkei index achieved more positive targets by surpassing 30070.00 resistance, to notice reaching 30723.00 level, while the frequent stability above the breached resistance allows us to wait to gather the additional positive momentum to ease the mission of resuming the bullish attack that might target 31000.00 followed by reaching the bullish channel’s resistance line at 31780.00.
On the other hand, crawling below 30070.00 and holding below it will reactivate the correctional bearish track to expect suffering losses by moving towards 29650.00 and 28920.00 levels.
The expected trading range for today is between 30070.00 and 31000.00
The expected trend for today: Bullish