The USDCAD presses on the support – Analysis - 05-04-2022
The USDCAD pair attempts to break 1.2480 level, falling under continuous negative pressure coming by the EMA50, to keep our bearish overview that targets 1.2365 as a next main station.
Holding below 1.2525 represents the first condition to continue the suggested decline, as breaching it might push the price to test 1.2590 before any new negative attempt.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish
The USDJPY surpasses the resistance – Analysis - 05-04-2022
The USDJPY pair managed to breach 122.62 level and hold with a daily close above it, which supports the continuation of our bullish overview and stop the bearish correction that dominated the recent trades, waiting to continue the rise to head towards 123.40 followed by 125.00 levels as next main stations.
The EMA50 supports the expected rise, which will remain valid unless breaking 122.62 and holding below it.
The expected trading range for today is between 122.30 support and 123.40 resistance
The expected trend for today: Bullish
The GBPUSD is stable - Analysis - 05-04-2022
The GBPUSD pair fluctuates within sideways track since yesterday, settling below 1.3145, to keep the bearish trend scenario active for the upcoming period, supported by the EMA50 that presses negatively on the price, waiting to visit 1.3000 as a main target.
We remind you that the continuation of the bearish wave depends on the price stability below 1.3145.
The expected trading range for today is between 1.3020 support and 1.3160 resistance.
The expected trend for today: Bearish
The EURUSD confirms the break – Analysis - 05-04-2022
The EURUSD pair confirmed breaking the bullish channel’s support line after ending yesterday below it, to reinforce the expectations of extending the bearish wave on the intraday basis, reminding you that our next target is located at 1.0900, which breaking it represents the key to rally towards 1.0775.
The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.1000 and holding above it.
The expected trading range for today is between 1.0890 support and 1.1030 resistance.
The expected trend for today: Bearish