The USDCAD approaches the target – Analysis - 04-11-2021
The USDCAD pair provided clear positive trades yesterday and approached our waited target at 1.2475, but it bounced bearishly to test the key support base at 1.2365, noticing that stochastic gains the positive momentum clearly, to support the chances of resuming the expected bullish trend on the intraday basis, which its targets extend to 1.2590.
Holding above 1.2365 is important to continue the expected rise, as breaking it will press on the price to resume the correctional bearish wave that its next target located at 1.2230.
The expected trading range for today is between 1.2350 support and 1.2480 resistance.
The expected trend for today: Bullish
The USDJPY resumes the rise – Analysis - 04-11-2021
The USDJPY pair traded positively yesterday to move away from the EMA50, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and we believe that the way is open to visit 114.70 that represents our next target.
Note that the continuation of the bullish wave requires holding above 113.40, as breaking it will push the price back to the correctional bearish track again.
The expected trading range for today is between 113.60 support and 114.90 resistance
The expected trend for today: Bullish
The EURUSD tests the resistance – Analysis - 04-11-2021
The EURUSD pair tested the key resistance 1.1615 and bounced bearishly from there, accompanied by witnessing overbought signals through stochastic, waiting to motivate the price to provide negative trading in the upcoming sessions, which targets testing 1.1525 initially.
We remind you that breaking the targeted level will push the price to 1.1400 as a next negative station, while breaching 1.1615 will stop the expected decline and lead the price to visit 1.1670 direct.
The expected trading range for today is between 1.1500 support and 1.1640 resistance.
The expected trend for today: Bearish
Midday update for Wheat price 03-11-2021
Wheat price resumes its positive trades now, affected by stochastic positivity, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which targets 820.00 followed by 850.00 levels as next main stations, reminding you that it is important to hold above 782.20 to continue the expected rise.
The expected trading range for today is between 790.00 support and 815.00 resistance.
The expected trend for today: Bullish