|
The USDCAD keeps pressing negatively – Analysis - 18-12-2019
The USDCAD pair keeps fluctuating near 1.3155 level and attempts to break it, getting a continuous support from the EMA50 that keeps pressing negatively on the price, to keep our bearish trend expectations that target 1.3015 levels mainly, reminding you that the continuation of the bearish wave is conditioned by holding below 1.3240 and the most important below 1.3295.
The expected trading range for today is between 1.3080 support and 1.3220 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
The USDJPY gets the positive momentum – Analysis - 18-12-2019
The USDJPY pair shows sideways trading and approaches from testing 109.33 level now, accompanied with stochastic reach to the oversold levels, which supports the chances for resuming the bullish trend in the upcoming period, targeting 110.50 levels mainly, being aware that breaking 109.33 will put the price under a negative pressure that targets testing 108.40 level initially.
MoreThe GBPUSD breaks the support – Analysis - 18-12-2019
The GBPUSD pair continued its negative pressure to break the bullish channel’s support line and settles below it, which opens the way for more bearish correction on the intraday and short term basis, paving the way to visit 1.2920 level that represents 38.2% Fibonacci correction level for the rise measured from 1.1958 to 1.3514.
MoreThe EURUSD faces solid resistance – Analysis - 18-12-2019
The EURUSD pair reached 1.1180 level yesterday and bounced downwards clearly from there, to test the intraday bullish channel’s support line, noticing that the EMA50 continues to provide the positive support to the price, waiting to assist to push the price to breach the mentioned level and open the way to visit 1.1280 level that represents our next target.
More