USDCAD Price Analysis

Expected Scenario

• The USDCAD price experiences a bearish rebound after testing the broken support of the bullish channel, nearing the 1.3590$ level.
• There's anticipation for a break below this level to confirm the extension of the correctional bearish wave towards 1.3512$ and 1.3433$ levels as the next negative targets.
• The bearish trend is expected to continue, influenced by the triple top pattern visible on the chart.
• Breaching 1.3640$ and 1.3690$ levels will negate the expected decline and potentially resume the main bullish trend.

Expected Trading Range

Between 1.3530$ support and 1.3660$ resistance.

USDJPY Price Analysis

Expected Scenario

• The USDJPY price maintains stability above the 155.50 level, awaiting positive momentum to resume the expected bullish wave on the intraday and short-term basis.
• The target for this bullish movement is 157.00, followed by 157.95 levels.
• The bullish channel continues to guide the suggested upward trend, supported by the EMA50.
• It's crucial for the price to remain above 155.50 to achieve the anticipated targets.

Expected Trading Range

Between 155.10 support and 156.80 resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price has rallied upwards, clearly breaching the 1.2700$ level and settling above it.
• This reinforces expectations for continued bullish trend on the intraday and short-term basis, with the next positive target at 1.2800$.
• We anticipate further rise in upcoming sessions, influenced by the previously completed double bottom pattern.
• However, failure to consolidate above 1.2700$ may put the price under intraday negative pressure, with potential tests at 1.2630$ and 1.2580$ before any new attempt to rise.

Expected Trading Range

Between 1.2630$ support and 1.2790$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price has bounced bullishly to test the key resistance at 1.0876$.
• Currently consolidating below this level, accompanied by stochastic loss in positive momentum and reaching overbought areas.
• We anticipate a resumption of bearish bias to test 1.0795$, representing the first negative station.
• Continuation of the bearish trend is expected, with a breach of 1.0875$ signaling a halt to the decline and potential continuation of the rise within the bullish channel on the chart, targeting 1.0975$ areas primarily.

Expected Trading Range

Between 1.0790$ support and 1.0940$ resistance.