The USDCAD hits the first target – Analysis - 30-03-2022
The USDCAD pair traded with strong negativity yesterday to achieve our first waited target at 1.2480 and settles there, waiting for more decline to break this level and open the way to head towards 1.2365 that represents the next negative target.
The EMA50 continues to support the suggested bearish wave, which its continuation requires holding below 1.2590.
The expected trading range for today is between 1.2410 support and 1.2550 resistance.
The expected trend for today: Bearish
The USDJPY breaks the support – Analysis - 30-03-2022
The USDJPY pair broke 122.62 level strongly to confirm the continuation of the correctional bearish trend, opening the way to head towards 121.10 that represents our next negative target.
Therefore, the bearish trend will remain expected for the upcoming sessions, affected by the previously completed double top pattern, noting that the continuation of the expected decline depends on the price stability below 122.62.
The expected trading range for today is between 121.10 support and 122.40 resistance
The expected trend for today: Bearish
The GBPUSD keeps its negative stability - Analysis - 30-03-2022
The GBPUSD pair tested 1.3145 level, which formed solid resistance barrier against the price, to rebound bearishly and keep the expected negative scenario for the upcoming period, waiting to resume the negative trades to visit 1.3000 mainly.
Therefore, the bearish trend will remain active on the intraday basis, noting that the continuation of the bearish wave requires holding below 1.3145.
The expected trading range for today is between 1.3010 support and 1.3160 resistance.
The expected trend for today: Bearish
The EURUSD achieves clear gains – Analysis - 30-03-2022
The EURUSD pair begins today with new bullish bias to head towards testing 1.1145 level, accompanied by witnessing continuous negative signals through stochastic, waiting to motivate the price to rebound bearishly and resume the recently suggested bearish trend, noting that the first main target is located at 1.0980.
On the other hand, we should note that breaching 1.1145 and holding above it will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.1040 support and 1.1170 resistance.
The expected trend for today: Bearish