Midday update for the GBPUSD 26-02-2021
The GBPUSD pair succeeded to touch our first waited target at 1.3900 and attempt to break it, which supports the chances of extending the bearish wave in the upcoming sessions, to suggest the continuation of the decline and head towards 1.3775 as a next main target.
Therefore, the bearish bias will remain dominant on the intraday basis, taking into consideration that failing to confirm breaking the current areas will lead the price to start new bullish wave that its main targets begin at 1.4120.
The expected trading range for today is between 1.3840 support and 1.3970 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 26-02-2021
The EURUSD pair managed to break 1.2135 to reinforce the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards 1.2064 that represents our next main target, reminding you that the continuation of the suggested bearish wave depends on the price stability below 1.2173.
The expected trading range for today is between 1.2064 support and 1.2240 resistance.
The expected trend for today: Bearish
The EURCAD fluctuates within the bearish track – Analysis – 26-2-2021
The EURCAD still stable within the bearish channel until this momentum, to notice its frequent consolidation below the main resistance at 1.5415, also, the moving average 55 forms additional barrier at 1.5350 to support the continuation of the negativity, to expect gathering negative momentum and reach 1.5280 followed by repeating the pressure on 1.5210.
The expected trading range for today is between 1.5350 and 1.5280
The expected trend for today: Bearish
Nikkei index achieves the correctional target – Analysis – 26-2-2021
Nikkei index ended its correctional bearish attack by recording 28985.00 target that represents the extension of the additional support as appears on the chart, while the stability of this support will increase the chances of renewing the bullish attempts, to expect targeting 30065.00 initially, followed by reaching 31500.00 in the upcoming trading.
Note that facing new negative pressures and crawling below the current support will confirm the domination of the correctional bearish bias again, to expect suffering additional losses that might extend to 28420.00 and 27650.00.
The expected trading range for today is between 29000.00 and 30065.00
The expected trend for today: Bullish