The GBPUSD awaits more decline - Analysis - 05-07-2022
The GBPUSD pair shows sideways trades since yesterday, moving around 1.2100 now, while the EMA50 continues to press negatively on the price, which keeps the bearish trend scenario valid and active, which its targets begin by breaking 1.2077 to confirm rallying towards 1.1933 as a next station.
Holding below 1.2225 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.2020 support and 1.2170 resistance.
The expected trend for today: Bearish
The EURUSD within bearish pattern – Analysis - 05-07-2022
The EURUSD pair’s recent trade are confined within bearish pennant pattern that appears on the chart, thus, breaking 1.0415 support will activate the negative effect of this pattern and push the price towards our next waited negative target at 1.0355 direct.
Therefore, the chances valid to continue the expected bearish trend on the intraday basis, reminding you that breaking the mentioned level will lead the price to visit 1.0250 as a next target, while holding below 1.0550 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.0340 support and 1.0500 resistance.
The expected trend for today: Bearish
The CADJPY faces key barrier – Analysis – 4-7-2022
The CADJPY pair formed temporary sideways trades due to facing solid barrier at 106.60, to hinder the previously waited bullish rally, as the stability of this barrier and stochastic attempt to provide the negative momentum allow us to expect forming correctional bearish trades, to move towards 103.70, while breaking this level might extend losses towards 102.00 in the medium term period.
The expected trading range for today is between 105.50 and 103.70
The expected trend for today: Bearish
Nikkei index awaits to break the support – Analysis – 4-7-2022
Nikkei index failed to resume the negative attack by facing additional support at 25800, to notice forming temporary rebound towards 26200, while the major indicators agree to provide the negative momentum to support the continuation of the previously suggested negativity, to expect renewing the negative attempts, while breaking the support will open the way to target new negative stations that might start at 25300 followed by 24840.
The expected trading range for today is between 26220 and 25800
The expected trend for today: Bearish