The USDCAD is recovering – Analysis - 10-08-2022
The USDCAD pair leaned on the intraday bullish trend line and bounced bullishly to start new bullish wave, on its way to visit 1.2950 initially, supported by moving above the EMA50.
Therefore, the bullish bias will be expected for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 1.2870 – 1.2855 levels will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.2840 support and 1.2970 resistance.
The expected trend for today: Bullish
The USDJPY is stable – Analysis - 10-08-2022
The USDJPY pair didn’t show any strong move yesterday, thus, the bullish trend scenario will remain valid as it is without any change, supported by the EMA50, waiting to visit 136.40 as a next main target, reminding you that it is important to hold above 134.50 to continue the expected rise.
The expected trading range for today is between 134.50 support and 135.80 resistance
The expected trend for today: Bullish
The GBPUSD gets the positive momentum - Analysis - 10-08-2022
The GBPUSD pair finds difficulty to surpass the EMA50, to fluctuate around 1.2077 level again, noticing that stochastic reaches the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its targets begin by breaching 1.2110 to ease the mission of heading towards 1.2210 as a next positive station.
In general, the bullish trend scenario will remain valid and active unless breaking 1.2045 and holding below it.
The expected trading range for today is between 1.2020 support and 1.2170 resistance.
The expected trend for today: Bullish
The EURUSD builds support base – Analysis - 10-08-2022
The EURUSD pair tests the support base formed above 1.0200 level after breaching it yesterday, and the EMA50 meets this level to add more strength to it, while stochastic gains the positive momentum gradually.
Therefore, we believe that the chances valid to continue the expected bullish trend for the upcoming period, which its targets begin by breaching 1.0278 to open the way to head towards 1.0355 as a next station, noting that breaking 1.0200 might press on the price to decline towards 1.0100 areas before any new attempt to rise.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bullish