The USDCAD attacks the support – Analysis - 06-04-2022
The USDCAD pair broke 1.2480 level strongly yesterday and reached 1.2400 level, but it bounced bullishly to settle above 1.2480 again, waiting to get new negative motive that assist to push the price to confirm the break and head towards 1.2365.
Until now, the bearish trend scenario still suggested conditioned by the price stability below 1.2525.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish
The USDJPY hits the first target – Analysis - 06-04-2022
The USDJPY pair rallied upwards to succeed achieving our first waited target at 123.40, reinforcing the expectations of continuing the main bullish trend, waiting for more positive trading to visit 125.00 as a next target.
The EMA50 continues to support the suggested bullish wave, reminding you that it is important to hold above 122.62 to continue the expected rise.
The expected trading range for today is between 123.10 support and 124.20 resistance
The expected trend for today: Bullish
The GBPUSD resumes the decline - Analysis - 06-04-2022
The GBPUSD pair bounced downwards strongly after testing 1.3145 in the previous sessions, to support the continuation of the expected bearish trend for the upcoming period, and the way is open to head towards our waited target at 1.3000.
The EMA50 forms negative pressure that supports the expectations to decline, reminding you that it is important to hold below 1.3145 to achieve the waited targets.
The expected trading range for today is between 1.2990 support and 1.3145 resistance.
The expected trend for today: Bearish
The EURUSD hits the second target – Analysis - 06-04-2022
The EURUSD pair resumed its negative trading strongly to touch our waited target at 1.0900 and settles there, and we expect the continuation of the negative pressure to surpass this level and open the way to extend the bearish wave towards 1.0775.
Therefore, the bearish trend will remain active for the upcoming period supported by the EMA50, noting that the continuation of the bearish wave requires holding below 1.1020.
The expected trading range for today is between 1.0830 support and 1.0970 resistance.
The expected trend for today: Bearish