|
The USDCAD keeps its negative stability – Analysis - 25-10-2021
The USDCAD pair opens today’s trading with bearish bias after testing the EMA50 in the previous sessions, which formed good resistance against the price, to keep the bearish trend scenario valid and active for the upcoming period, waiting to visit 1.2230 mainly.
On the other hand, we should note that breaching 1.2365 – 1.2385 levels will stop the expected decline and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.2260 support and 1.2400 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
The USDJPY achieves the negative target – Analysis - 25-10-2021
The USDJPY pair managed to achieve our waited target at 113.40 and bounced bullishly from there to head towards regaining the main bullish trend after the recent temporary bearish correction, expecting to witness more rise in the upcoming sessions, and the first main target is represented by testing the recently recoded top at 114.70.
MoreThe USDCHF approaches the target – Analysis - 25-10-2021
The USDCHF pair resumes its negative trades to approach our waited target at 0.9140, expecting to surpass this level to open the way to achieve more negative targets that reach 0.9060.
MoreThe GBPUSD approaches the target - Analysis - 25-10-2021
The GBPUSD pair’s decline stopped at the bullish channel’s support line that appears on the chart, as it approached our waited negative target at 1.3720, to rebound bullishly and head towards resuming the main bullish trend, motivated by the positive signals provided by stochastic, waiting for more expected rise in the upcoming sessions.
More