The USDCAD achieves temporary gains – Analysis - 25-07-2022
The USDCAD pair attempted to break 1.2870 but it bounced upwards clearly to approach 1.2955 level, noticing that stochastic lost its positive momentum clearly, while the EMA50 forms good resistance barrier against the price.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin at 1.2870 and extend to 1.2790 after breaking the previous level, reminding you that it is important to hold below 1.2955 to continue the expected decline.
The expected trading range for today is between 1.2850 support and 1.2990 resistance.
The expected trend for today: Bearish
The USDJPY hits the first target – Analysis - 25-07-2022
The USDJPY pair succeeded to achieve our first waited target at 136.40 and broke it to close the daily candlestick below it, which supports the continuation of the bearish correction domination in the upcoming period, paving the way to head towards 134.90 followed by 134.55 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that stepping above 136.40 and holding above it will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 135.40 support and 136.70 resistance
The expected trend for today: Bearish
The GBPUSD approaches the target - Analysis - 25-07-2022
The GBPUSD pair provided clear positive trades in the previous sessions to approach our waited target at 1.2077, and returns to fluctuate near the EMA50, waiting to resume the bullish wave that its targets extend to 1.2160 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.1925 and holding below it.
The expected trading range for today is between 1.1910 support and 1.2090 resistance.
The expected trend for today: Bullish
The EURUSD begins positively – Analysis - 25-07-2022
The EURUSD pair closed last Friday above 1.0200 level, starting today with bullish bias in attempt to move away from this level, which encourages us to suggest the bullish bias in the upcoming sessions, targeting visiting 1.0276 as a first positive station.
Therefore, the bullish trend will be expected for today conditioned by the price stability above 1.0200, noting that surpassing the mentioned target will push the price to 1.0355 as a next correctional target.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bullish