The USDCAD rallies downwards – Analysis - 21-01-2021
The USDCAD pair traded with strong negativity yesterday to break 1.2688 and approaches 1.2600 barrier, which supports the continuation of the expected bearish trend scenario efficiently for the upcoming sessions, and the way is open to head towards our waited negative target at 1.2475.
The EMA50 continues to support the expected bearish wave, noting that holding below 1.2688 represents key condition to continue the suggested decline.
The expected trading range for today is between 1.2540 support and 1.2688 resistance.
The expected trend for today: Bearish
The USDJPY activates the negative scenario – Analysis - 21-01-2021
The USDJPY pair broke 103.65 level clearly and closed the daily candlestick below it, to activate the bearish trend scenario on the intraday basis, opening the way to achieve negative targets that start at 102.50.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 103.65 followed by 103.95 levels and hold above them.
The expected trading range for today is between 102.70 support and 104.00 resistance
The expected trend for today: Bearish
The GBPUSD hits the first target - Analysis - 21-01-2021
The GBPUSD pair resumes its positive trading after testing the support base formed above 1.3615 level, getting positive signals through stochastic and the EMA50, which supports the continuation of our bullish overview, reminding you that our next target extends to 1.3815.
Breaching 1.3700 will ease the mission of continuing the rise, while holding above 1.3615 represents key condition to achieve the waited targets.
The expected trading range for today is between 1.3600 support and 1.3780 resistance.
The expected trend for today: Bullish
The EURUSD begins positively – Analysis - 21-01-2021
The EURUSD pair opens today’s trading with bullish bias after the decline that it witnessed in the previous sessions, to move above 1.2125 again, which supports the continuation of our bullish overview on the intraday basis, which its targets begin at 1.2173 and extend to 1.2300.
Stochastic provides positive signals that support the expected rise, which will remain valid unless breaking 1.2064 and holding below it.
The expected trading range for today is between 1.2064 support and 1.2230 resistance.
The expected trend for today: Bullish