The USDCAD achieves the target – Analysis - 15-10-2021
The USDCAD pair managed to achieve the waited target at 1.2365 and attempts to break it, to support the chances of extending the correctional bearish wave, which targets 1.2230 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which gets continuous support by the EMA50, noting that the continuation of the expected decline requires holding below 1.2495.
The expected trading range for today is between 1.2280 support and 1.2410 resistance.
The expected trend for today: Bearish
The USDJPY resumes the rise – Analysis - 15-10-2021
The USDJPY pair shows new positive trades by today’s open to approach the waited target at 114.00, and we expect the continuation of the bullish bias to reach 114.70 as a next positive station.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 113.20.
The expected trading range for today is between 113.40 support and 114.50 resistance
The expected trend for today: Bullish
The GBPUSD hits the first target - Analysis - 15-10-2021
The GBPUSD pair succeeded to achieve our first waited target at 1.3720 and bounced bearishly to test the support base 1.3660, and begins to provide positive trades now to move away from the mentioned support, supported by stochastic gain to the positive momentum clearly, waiting to surpassing 1.3720 to head towards 1.3795 as a next target.
Therefore, the bullish trend scenario will remain valid and active on the intraday basis unless breaking 1.3660 and holding below it.
The expected trading range for today is between 1.3610 support and 1.3780 resistance.
The expected trend for today: Bullish
The EURUSD forms positive pattern – Analysis - 15-10-2021
The EURUSD pair faces solid resistance at 1.1615 and finds difficulty to breach it, and by taking a deeper look at the chart, we find that the price forms inverted head and shoulders’ pattern that has positive targets that reach 1.1760, noticing that stochastic provides positive signals now that we are waiting to motivate the price to breach the mentioned resistance and ease the mission of continuing the rise.
Therefore, we will continue to suggest the bullish trend for the upcoming period depending on the above mentioned technical factors, taking into consideration that holding above 1.1545 is important to achieve the waited targets.
The expected trading range for today is between 1.1550 support and 1.1700 resistance.
The expected trend for today: Bullish