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The USDCAD hits the target – Analysis - 16-09-2019
The USDCAD pair rallied higher strongly in last Friday to succeed to achieve the waited target at 1.3285, and begins today with a bearish gap to move near the EMA50, we expect that the price will recover in the upcoming sessions to cover the mentioned gap then breach the mentioned level to rally towards achieving more of the positive targets.
Therefore, the bullish trend will remain preferred on the intraday basis, and the next target reaches to 1.3400, taking into consideration that breaking 1.3200 then 1.3155 levels will stop the expected rise and pushes the price to decline again.
The expected trading range for today is between 1.3170 support and 1.3300 resistance.
The expected trend for today: Bullish
The USDJPY gathers the positive momentum – Analysis - 16-09-2019
The USDJPY pair opened today’s trading with a decline to test the bullish channel’s support that appears in the image, and begins rising now, where it gets a positive support from the EMA50, while stochastic heads to the oversold levels.
MoreThe GBPUSD achieves good gains – Analysis - 16-09-2019
The GBPUSD pair confirmed breaching 1.2400 level and approached from our waited target at 1.2520, noticing that the price moves within a bullish channel that appears in the image, which supports the chances for breaching the mentioned level and extend the bullish wave towards 1.2665 as a next main station.
MoreThe EURUSD is stable at the resistance – Analysis - 16-09-2019
The EURUSD pair keeps fluctuating near the bearish channel’s resistance and keeps its stability below this level, noticing that the EMA50 meets this resistance to strengthen it, while stochastic moves at the overbought levels.
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