The USDCAD retests the breached resistance – Analysis - 01-04-2021
The USDCAD pair retested the beached resistance of the minor bearish channel and bounced bullishly from there, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 1.2700.
Therefore, we will keep our bullish overview that gets continuous positive support by the EMA50 conditioned by the price stability above 1.2525.
The expected trading range for today is between 1.2540 support and 1.2660 resistance.
The expected trend for today: Bullish
The USDJPY within positive pattern – Analysis - 01-04-2021
The USDJPY pair’s recent trades are confined within bullish pennant pattern that appears on the minor image, thus, the price needs to breach 110.80 to activate the positive effect of this pattern followed by rallying to continue the recently suggested bullish trend, which its next target located at 111.70.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that it is important to hold above 110.15 to continue the expected rise.
The expected trading range for today is between 110.10 support and 111.40 resistance
The expected trend for today: Bullish
The GBPUSD attempts to recover - Analysis - 01-04-2021
The GBPUSD pair provided positive trades to surpass the correctional bearish channel’s resistance, noticing that stochastic shows clear negative signals now, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to keep our bearish overview, which targets 1.3675 followed by 1.3580 levels as next main stations, taking into consideration that holding below 1.3840 is important to continue the expected decline.
The expected trading range for today is between 1.3700 support and 1.3840 resistance.
The expected trend for today: Bearish
The EURUSD gets a negative signal – Analysis - 01-04-2021
The EURUSD pair returned to decline after the temporary rise that it witnessed yesterday, as stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1605 level as a next main station.
The EMA50 keeps supporting the expected bearish wave, reminding you that it is important to hold below 1.1780 to achieve the waited targets.
The expected trading range for today is between 1.1630 support and 1.1780 resistance.
The expected trend for today: Bearish