The USDCAD presses on the support – Analysis - 21-07-2022
The USDCAD pair hovers around 1.2870 level and attempts to press on it, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to break the mentioned level and confirm rallying towards our next negative target at 1.2790.
In general, the bearish trend scenario will remain valid unless breaching 1.2955 and holding above it.
The expected trading range for today is between 1.2790 support and 1.2920 resistance.
The expected trend for today: Bearish
The USDJPY crawls upwards – Analysis - 21-07-2022
The USDJPY pair shows gradual rise and continues to move near the bullish channel’s support line, getting continuous support by the EMA50, waiting for more bullish bias that targets 140.00 areas mainly.
Holding above 137.40 is important to continue the expected rise, as breaking it will press on the price to turn to decline and achieve intraday bearish correction.
The expected trading range for today is between 137.80 support and 139.00 resistance
The expected trend for today: Bullish
The GBPUSD keeps its positive stability - Analysis - 21-07-2022
The GBPUSD pair fluctuates around the breached resistance of the bearish channel and keeps its stability above it until now, noticing that the EMA50 continues to support the price from below, while stochastic begins to overlap positively.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1.2077, while holding above 1.1950 represents key condition to achieve the waited targets.
The expected trading range for today is between 1.1930 support and 1.2080 resistance.
The expected trend for today: Bullish
The EURUSD begins positively – Analysis - 21-07-2022
The EURUSD pair faced negative pressure yesterday to attack 1.0200 level, but we notice that the EMA50 formed good support that pushed the price to rise again, as it begins today with clear positivity to head towards resuming the correctional bullish wave, which targets 1.0280 followed by 1.0355 levels as next main stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.0200 – 1.0160 levels.
The expected trading range for today is between 1.0150 support and 1.0295 resistance.
The expected trend for today: Bullish