|
The USDCAD fails to confirm the breach – Analysis - 11-09-2023
The USDCAD pair couldn’t manage to hold for long time above 1.3680, to rebound bearishly and head towards visiting the bullish channel’s support line around 1.3580 initially, noting that breaking this level will extend the bearish wave to reach 1.3500 areas on the near-term basis.
Therefore, we expect to witness more decline in the upcoming sessions, and breaking 1.3615 will reinforce the negative overview, noting that breaching 1.3680 will stop the negative scenario and lead the price to resume the main bullish track again.
The expected trading range for today is between 1.3550 support and 1.3680 resistance.
The expected trend for today: Bearish
The USDJPY presses on the support – Analysis - 11-09-2023
The USDJPY pair approached 148.00 barrier on last Friday, but it begins today with clear decline to start pressing on the key support 146.55, to head towards achieving expected decline in the upcoming sessions, motivated by stochastic negativity that appears clearly now, to head towards starting bearish correction that targets testing 145.55 initially.
MoreThe GBPUSD attempts positively - Analysis - 11-09-2023
The GBPUSD pair returns to test 1.2505 level, noticing that the price recorded higher lows that hint heading to rise in the upcoming sessions, noting that surpassing the mentioned level will push the price to 1.2625 mainly.
MoreThe EURUSD gets a positive signal - 11-09-2023
The EURUSD pair begins today with bullish bias to move away from 1.0700 barrier, noticing that stochastic overlaps positively now, thus, we believe that the price is on its way to achieve gains in the upcoming sessions, targeting testing 1.0785 initially, noting that breaching this level will extend the bullish wave to reach 1.0880 areas on the near-term basis.
More