|
The USDCAD attempts to recover – Analysis - 19-03-2021
The USDCAD pair bounced upwards strongly after touching 1.2365 level yesterday, to breach the intraday bearish channel’s resistance that appears on the chart and heads towards achieving more expected gains in the upcoming sessions, targeting testing 1.2605 as a next station.
Therefore, the bullish bias will be expected for today, noting that breaking 1.2485 and holding below it will stop the positive scenario and press on the price to return to the main bearish track again.
The expected trading range for today is between 1.2450 support and 1.2580 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
The USDJPY continues to fluctuate – Analysis - 19-03-2021
The USDJPY pair keeps its stability below 109.22, to keep the negative pressure valid for the upcoming period, supported by stochastic negativity, waiting to achieve more decline to visit 107.70 mainly.
MoreThe GBPUSD is retesting - Analysis - 19-03-2021
The GBPUSD pair traded negatively on yesterday’s evening to retest the breached resistance of the intraday bearish channel, and the EMA50 meets this level to form good support at 1.3910, accompanied by stochastic reach to the thresholds of the oversold areas.
MoreThe EURUSD declines again – Analysis - 19-03-2021
The EURUSD pair bounced bearishly after testing 1.1976 level yesterday, to trade near 1.1888, noting that we suggest surpassing this level and open the way to achieve more decline in the upcoming sessions, which its next target reaches 1.1780.
More