The USDCAD resumes the decline – Analysis - 05-01-2022
The USDCAD pair declined clearly yesterday to settle below 1.2725 level again, which supports the continuation of our bearish overview efficiently on the intraday basis, which targets 1.2590 level as a next station.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2725 and 1.2760 levels.
The expected trading range for today is between 1.2640 support and 1.2760 resistance.
The expected trend for today: Bearish
The USDJPY keeps achieving gains – Analysis - 05-01-2022
The USDJPY pair rallied upwards yesterday to approach our waited target at 116.50, and we expect the continuation of the rise to achieve more gains that reach 117.65 as a next main station.
Therefore, the bullish bias will remain dominant in the upcoming sessions, it might be preceded by some temporary decline affected by stochastic negativity, reminding you that the continuation of the bullish wave requires holding above 115.00.
The expected trading range for today is between 115.50 support and 116.70 resistance
The expected trend for today: Bullish
The GBPUSD approaches the target - Analysis - 05-01-2022
The GBPUSD pair continued to rise yesterday to reach few pips away from our waited target at 1.3565, as it completed forming bullish flag pattern that we expect to motivate the price to surpass the mentioned level and head towards 1.3660 as a next positive target.
Therefore, the bullish trend scenario will remain valid for the upcoming period unless breaking 1.3485 and holding below it.
The expected trading range for today is between 1.3450 support and 1.3620 resistance.
The expected trend for today: Bullish
The EURUSD is stable – Analysis - 05-01-2022
The EURUSD pair settles around the key support 1.1280, and the EMA50 forms continuous negative pressure against the price, waiting to break the mentioned support to open the way to rally towards our expected negative target at 1.1150.
Therefore, our bearish overview will remain valid unless the price rallied to breach 1.1315 followed by 1.1375 levels and hold above them.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Bearish