Price Analysis for USDCAD

Expected Scenario

• The USDCAD price ended yesterday with clear positivity to move away from 1.3690$ level, reinforcing the expectations of continuing the rise on the intraday and short-term basis, organized inside the bullish channel that appears on the chart, reminding you that our targets begin at 1.3760$ followed by 1.3845$.
• Stochastic current negativity might cause some temporary sideways fluctuation before resuming the positive trades, reminding you that the continuation of the bullish trend requires holding above 1.3690$.

Expected Trading Range

Between 1.3680$ support and 1.3810$ resistance.

Price Analysis for USDJPY

Expected Scenario

• The USDJPY price succeeded to achieve our first waited target at 157.00, and breaches this level to attempt to hold above it now, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our next target is located at 157.95.
• The EMA50 keeps supporting the suggested bullish wave, noting that breaking 156.75 might push the price to decline and test the key support 155.50 before any new attempt to rise.

Expected Trading Range

Between 156.30 support and 158.10 resistance.

Price Analysis for GBPUSD

Expected Scenario

• The GBPUSD price faced clear negative pressure yesterday, as it broke 1.2700$ and settled below it, to head towards potential turn to decline, on its way to test 1.2630$ followed by 1.2580$ levels as next main stations.
• Holding below 1.2700$ represents major condition to the continuation of the suggested bearish trend, as breaching it will lead the price to recover again and target 1.2800$ areas initially.

Expected Trading Range

Between 1.2610$ support and 1.2750$ resistance.

Price Analysis for EURUSD

Expected Scenario

• The EURUSD price keeps declining to reach the thresholds of the first waited target at 1.0795$, and we believe that the way is open to break this level and open the way to head towards 1.0714$ as a next negative station, as the price is affected by the previously completed double top pattern, which supports the chances of continuing the decline in the upcoming sessions.
• Therefore, the bearish trend will remain dominant on the intraday basis, reminding you that breaching 1.0876$ will stop the expected decline and lead the price to regain the bullish trend within the bullish channel again.

Expected Trading Range

Between 1.0730$ support and 1.0870$ resistance.