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The USDCAD achieves strong gains – Analysis - 13-03-2020
The USDCAD pair rallied upwards strongly yesterday to breach 1.3800 level and approaches 1.4000 barrier, reinforcing the expectations of continuing the bullish trend on the short term and medium term basis, reminding you that our main waited target is located at 1.4130.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 1.3724 is important to continue the expected rise.
The expected trading range for today is between 1.3800 support and 1.4000 resistance.
The expected trend for today: Bullish
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The USDJPY breaches the resistance – Analysis - 13-03-2020
The USDJPY pair traded with clear positivity yesterday to breach 104.63 level and settles above it, starting today with more rise to confirm stopping the negative pressure that dominated the recent trades and turns to rise, waiting to achieve positive targets that start at 106.68 and extend to 107.98.
MoreThe GBPUSD suffers sharp losses – Analysis - 13-03-2020
The GBPUSD pair succeeded to achieve our waited target at 1.2553 and settles around it now, as it attempted to break it yesterday and by today’s open, which hints the price head to continue the decline on the short term basis, paving the way to head towards 1.2325 that represents our next negative station.
MoreThe EURUSD achieves extended targets – Analysis - 13-03-2020
The EURUSD pair consolidated above 1.1050 level after the strong decline that it witnessed yesterday, reminding you that this level represents 61.8% Fibonacci correction for the last bullish wave, to head towards starting new bullish wave, on its way to visit 1.1325 followed by 1.1457 levels as initial positive targets.
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