The USDCAD keeps its negative stability – Analysis - 20-10-2021
The USDCAD pair tested 1.2365 level again and kept its stability below it, to keep the bearish trend active on the intraday and short term basis, supported by stochastic loss to the positive momentum, noting that our waited target is located at 1.2230.
The EMA50 supports the suggested decline, which will remain valid conditioned by the price stability below 1.2365.
The expected trading range for today is between 1.2270 support and 1.2400 resistance.
The expected trend for today: Bearish
The AUDUSD surpasses the target – Analysis - 20-10-2021
The AUDUSD pair managed to breach 0.7478 level and attempts to build support base above it, to support the chances of continuing the bullish trend on the short term and medium term basis, paving the way to head towards 0.7550 followed by 0.7615 levels as next main targets.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.7440 and holding below it.
The expected trading range for today is between 0.7450 support and 0.7550 resistance
The expected trend for today: Bullish
The AUDUSD surpasses the target – Analysis - 20-10-2021
The AUDUSD pair managed to breach 0.7478 level and attempts to build support base above it, to support the chances of continuing the bullish trend on the short term and medium term basis, paving the way to head towards 0.7550 followed by 0.7615 levels as next main targets.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.7440 and holding below it.
The expected trading range for today is between 0.7450 support and 0.7550 resistance
The expected trend for today: Bullish
The USDJPY activates the positive pattern – Analysis - 20-10-2021
The USDJPY pair managed to breach the bullish pennant’s resistance to rally bullishly and achieve the expected target at 114.70, and we suggest the continuation of the bullish bias to reach 115.00 barrier as a next station, noting that breaching this level will extend the bullish wave to reach 115.55 as a next main target.
Holding above 114.10 is important to continue the expected rise, as breaking it will press on the price to achieve temporary decline and test 113.25 areas before any new attempt to rise.
The expected trading range for today is between 113.90 support and 115.20 resistance
The expected trend for today: Bullish