Midday update for the GBPUSD 20-11-2020
The GBPUSD pair still above the support line that appears on the chart, noticing that stochastic shows overbought signals now, waiting to motivate the price to resume the expected bearish trend for today, and the price needs to break 1.3260 to ease the mission of heading towards our first main waited target at 1.3105, reminding you that it is important to hold below 1.3320 to continue the suggested decline.
The expected trading range for today is between 1.3160 support and 1.3340 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 20-11-2020
The EURUSD pair shows some bearish bias affected by stochastic negativity, and as long as the price is above 1.1825, our bullish overview will remain valid for today, supported by the EMA50 that protects the mentioned support, reminding you that our main waited target reaches 1.2011.
The expected trading range for today is between 1.1800 support and 1.1970 resistance.
The expected trend for today: Bullish
The NZDCAD tends to resume the positivity – Analysis – 20-11-2020
The NZDCAD pair did not get enough recording 0.9031 target, to notice forming new bullish wave recently and hint the preparation to resume the bullish attack by attempting to hold above 23.6% Fibonacci correction level.
Also, stochastic reach to the overbought areas will increase the chances of gathering the additional positive momentum to confirm the preparation to record new targets that might extend towards 0.9150 followed by reaching 0.9246 that forms the next station of the bullish bias.
The expected trading range for today is between 0.9000 and 0.9150
The expected trend for today: Bullish
Nikkei index hits key barrier – Analysis – 20-11-2020
Nikkei index ended the bullish attack after facing 26110.00 barrier, to block the attempt to resume the bullish attack and start forming correctional bearish waves by moving towards 25500.00, while the continuous stability of the current barrier allows us to postpone the bullish attack and start suggesting the negative attempts until reaching 24435.00 followed by monitoring the price behavior to manage to detect the main targets for the upcoming trading.
The expected trading range for today is between 25970.00 and 25000.00
The expected trend for today: Bearish