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The USDCAD crawls downwards – Analysis - 04-08-2022
The USDCAD pair shows negative trades to move away gradually from 1.2870 level, reinforcing the expectations of continuing the bearish trend, supported by the negative pressure formed by the EMA50, waiting to visit 1.2790 as a next target.
Therefore, the bearish trend scenario will remain valid and active unless breaching 1.2870 and holding above it.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bearish
The USDJPY achieves additional gains – Analysis - 04-08-2022
The USDJPY pair provided new positive trades yesterday, to breach 133.05 level and reach 134.50 direct, to attempt to regain the main bullish trend, but it faces negative factors provided the technical indicators now, which makes us prefer to stay aside until we get clearer signal for the next trend.
MoreThe GBPUSD tests the support again - Analysis - 04-08-2022
The GBPUSD pair faced new negative pressure to test the bullish channel’s support line, and the EMA50 meets this support to protect the continuation of the bullish wave, while stochastic continues to provide the positive signals.
MoreThe EURUSD faces solid resistance – Analysis - 04-08-2022
The EURUSD pair finds difficulty to breach 1.0200 level, to show new negative trades yesterday and approaches 1.0100 level, noticing that the price rises again in attempt to breach 1.0200 level, reminding you that breaching this level is required to reinforce the continuation of the bullish trend scenario that its next targets located at 1.0278 followed by 1.0355.
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