The GBPUSD approaches the target - Analysis - 16-02-2021
The GBPUSD pair rallies upwards again to reach the thresholds of the waited target at 1.3965, reinforcing the expectations of continuing the main bullish trend, reminding you that surpassing this level will extend the bullish wave to reach 1.4070 followed by 1.4145 levels as next targets.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, noting that holding above 1.3860 represents the first condition to continue the suggested bullish wave.
The expected trading range for today is between 1.3880 support and 1.4040 resistance.
The expected trend for today: Bullish
The EURUSD begins positively – Analysis - 16-02-2021
The EURUSD pair opens today’s trading with bullish bias after the weak trades that it witnessed yesterday, to keep approaching our first target at 1.2173, getting continuous support by the EMA50, while stochastic overlaps positively now.
Therefore, we believe that the chances valid to continue the rise in the upcoming sessions, waiting to breach the mentioned level to confirm opening the way to head towards 1.2300, reminding you that it is important to hold above 1.2064 to continue the expected rise.
The expected trading range for today is between 1.2080 support and 1.2240 resistance.
The expected trend for today: Bullish
Update: Quiet markets affected by the US holidays
The major currencies pairs and commodities show calm trades since morning, affected by the US holidays, which keeps the morning suggested scenarios valid without any change, and we recommend checking them to review the expected targets and trends for the upcoming period.
The GBPNZD settles below the resistance – Analysis – 15-2-2021
The GBPNZD pair provided temporary positive rally recently, to settle below the main bearish channel’s resistance at 1.9084, keeping the chances of forming strong negative attack in the near term and medium term period.
Note that it is important to gather the negative momentum to manage to crawl below 1.9070 followed by extending the negative trades towards the main stations that start at 1.8980 followed by 1.8840.
The expected trading range for today is between 1.9085 and 1.8980
The expected trend for today: Bearish