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The USDCAD achieves more gains – Analysis - 18-06-2021
The USDCAD pair managed to achieve our extended target at 1.2330 and surpassed it to close the daily candlestick above it, which leads the price to achieve more expected gains in the upcoming sessions, as the next target reaches 1.2405.
Therefore, we expect witnessing additional positive trades today, noting that the continuation of the bullish wave requires holding above 1.2330 and the most important above 1.2255.
The expected trading range for today is between 1.2300 support and 1.2420 resistance.
The expected trend for today: Bullish
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The USDJPY is forced for some decline – Analysis - 18-06-2021
The USDJPY pair bounced bearishly yesterday to approach testing the EMA50 that forms good intraday support against the price, accompanied by stochastic reach to the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the main bullish trend, which its next target located at 111.05.
MoreThe GBPUSD achieves the extended target - Analysis - 18-06-2021
The GBPUSD pair broke 1.3960 level strongly and rallied bearishly to reach the extended negative target at 1.3890, showing temporary bullish bias affected by stochastic positivity, waiting to return to decline to break the last level and head towards 1.3805 as a next negative target.
MoreThe EURUSD suffers more losses – Analysis - 18-06-2021
The EURUSD pair’s decline stopped near 1.1888 level, to show some slight bullish bias now, and it might test 1.1976 before turning back to decline again.
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