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The USDCAD keeps rising – Analysis - 23-02-2023
The USDCAD pair provided new positive trades yesterday, but it returns to test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic gets rid of its negative momentum clearly to approach the oversold areas, waiting to motivate the price to resume the bullish wave that its next targets located at 1.3590 followed by 1.3680.
Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 1.3500 to achieve the suggested targets.
The expected trading range for today is between 1.3460 support and 1.3610 resistance.
The expected trend for today: Bullish
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The USDJPY within tight range – Analysis - 23-02-2023
The USDJPY pair fluctuates within tight range in the previous sessions, and continues to test 135.00 barrier, waiting to get strong positive motive that assists to push the price to surpass the mentioned level and open the way to achieve our next positive targets that start at 135.70 and extend to 137.70.
MoreThe GBPUSD attempts negatively - Analysis - 23-02-2023
The GBPUSD pair hovers around the EMA50 and presses negatively on it in attempt to break it, reinforcing the expectations of continuing the bearish trend, waiting to visit 1.1940 that represents our next main target.
MoreThe EURUSD breaks the support - 23-02-2023
The EURUSD pair managed to break 1.0650 level and hold below it, which reinforce the expectations of continuing the bearish trend efficiently in the upcoming sessions, opening the way to head towards our next negative target at 1.0515.
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