The USDCAD confirms the break – Analysis - 23-03-2022
The USDCAD pair managed to confirm breaking 1.2590 level, to support the continuation of the bearish trend scenario, paving the way to head towards 1.2480 that represents our next target.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2590.
The expected trading range for today is between 1.2500 support and 1.2620 resistance.
The expected trend for today: Bearish
The USDJPY keeps achieving the positive targets – Analysis - 23-03-2022
The USDJPY pair resumed its bullish rally to reach 121.00 level, and attempts to confirm breaching it by today’s open, to reinforce the chances of achieving more expected gains in the upcoming sessions, on its way to visit 121.70 as a next station.
Holding above 120.10 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave before turning back to rise again.
The expected trading range for today is between 120.50 support and 121.70 resistance
The expected trend for today: Bullish
The GBPUSD completes the positive pattern - Analysis - 23-03-2022
The GBPUSD pair rallied upwards strongly yesterday, to complete forming the inverted head and shoulders’ pattern and approach the suggested positive target at 1.3310, and we expect to surpass this level to open the way to visit 1.3380 as a next positive target.
Therefore, the bullish bias will be suggested in the upcoming sessions, supported by the EMA50, noting that breaking 1.3235 followed by 1.3175 levels will stop the suggested rise and press on the price to decline again.
The expected trading range for today is between 1.3230 support and 1.3380 resistance.
The expected trend for today: Bullish
The EURUSD attempts to recover – Analysis - 23-03-2022
The EURUSD pair bounced bullishly to approach 1.1050 level, and the price needs to hold below this level as an initial condition to continue the expected decline in our recent reports, as breaching it will push the price to achieve additional gains that reach 1.1145 before any new negative attempt.
Stochastic provides continuous negative signals, to suggest resuming the negative trades in the upcoming sessions and head towards 1.0920 as a first target, reminding you that breaking this level will extend the bearish wave to reach 1.0775 as a next negative station.
The expected trading range for today is between 1.0940 support and 1.1090 resistance.
The expected trend for today: Bearish