The USDCAD keeps its positive stability – Analysis - 21-09-2020
The USDCAD pair leaned on the intraday bullish trend line that appears on the chart and keeps its stability above it, waiting to get positive motive that assists to push the price to resume the positive trades, to head towards visiting 1.3362 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.3110.
The expected trading range for today is between 1.3110 support and 1.3250 resistance.
The expected trend for today: Bullish
The USDJPY continues to decline – Analysis - 21-09-2020
The USDJPY pair keeps crawling downwards to reach the thresholds of 104.00 barrier, which supports the continuation of our bearish overview on the intraday and short term basis, supported by the negative pressure that the EMA50 continues to provide, reminding you that our next main target reaches 103.65.
Breaking 104.20 will ease the mission of achieving the mentioned target, while the continuation of the expected bearish trend requires holding below 105.20.
The expected trading range for today is between 103.50 support and 105.00 resistance
The expected trend for today: Bearish
The GBPUSD resumes the decline - Analysis - 21-09-2020
The GBPUSD pair provided clear negative trades on last Friday’s evening to break the intraday bullish channel’s support that appears on the chart and settles below it, which supports the continuation of our bearish overview on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to head towards 1.2705 mainly.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3000.
The expected trading range for today is between 1.2850 support and 1.3020 resistance.
The expected trend for today: Bearish
The EURUSD within tight track – Analysis - 21-09-2020
The EURUSD pair shows sideway and tight trades since last Friday, to continue fluctuating around the intraday bearish channel’s resistance, thus, no change to the bearish trend scenario that depends on the price stability below 1.1900, waiting to head towards 1.1720 that represents our next main target.
We should note that breaching 1.1900 and holding above it will stop the negative scenario and brings the price back to the main bullish channel again.
The expected trading range for today is between 1.1760 support and 1.1930 resistance.
The expected trend for today: Bearish